Skip to main content

Business Ethics & Law

Get the best books, eBooks, articles, media and open access resources on business ethics & law.

Business Ethics Overview

Definition

Business Angel & Devil It is the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social and philosophical questions, such as a company's responsibility to preserve the environment and protect employee rights.

Origins of Conflict

Many ethical conflicts develop from conflicts between the differing interests of company owners and their workers, customers, and surrounding community. Managers must balance the ideal against the practical—the need to produce a reasonable profit for the company's shareholders with honesty in business practices, safety in the workplace, and larger environmental and social issues.

Current Day Issues

Ethical issues in business have become more complicated because of the global and diversified nature of many large corporations and because of the complexity of government regulations that define the limits of criminal behavior. For example, multinational corporations operate in countries where bribery, sexual harassment, racial discrimination, and lack of concern for the environment are neither illegal nor unethical or unusual. The company must decide whether to adhere to constant ethical principles or to adjust to the local rules to maximize profits. As the costs of corporate and white-collar crime can be high, both for society and individual businesses, many business and trade associations have established ethical codes for companies, managers, and employees.

from CREDO:Business Ethics: The Columbia Encyclopedia

Business Guides

Guides

 

Home Access

""It's true, you can access most COM Library resources at home! COM Library’s catalog, and the thousands of eBooks and articles in our databases can all be accessed off campus. Just login with your COM ID# and last name.

More on Home Access