History[ edit ] Business ethics reflect the norms of each historical period. As time passes, norms evolve, causing accepted behaviors to become objectionable. Business ethics and the resulting behavior evolved as well. Business was involved in slavery   colonialism  and the cold war.
Implementation[ edit ] Most professionals have internally enforced codes of practice that members of the profession must follow to prevent exploitation of the client and to preserve the integrity of the profession. This is not only for the benefit of the client but also for the benefit of those belonging to that profession.
Disciplinary codes allow the profession to define a standard of conduct and ensure that individual practitioners meet this standard, by disciplining them from the professional body if they do not practice accordingly.
This allows those professionals who act with a conscience to practice in the knowledge that they will not be undermined commercially by those who have fewer ethical qualms.
Internal regulation[ edit ] In cases where professional bodies regulate their own ethics, there are possibilities for such bodies to become self-serving and fail to follow their own ethical code when dealing with renegade members.
This is particularly true of professions in which they have almost a complete monopoly on a particular area of knowledge. For example, until recently, the English courts deferred to the professional consensus on matters relating to their practice that lay outside case law and legislation.
Examples[ edit ] For example, a lay member of the public should not be held responsible for failing to act to save a car crash victim because they could not give an appropriate emergency treatment. Though, they are responsible for attempting to get help for the victim.
This is because they do not have the relevant knowledge and experience. In contrast, a fully trained doctor with the correct equipment would be capable of making the correct diagnosis and carrying out appropriate procedures.
Failure of a doctor to not help at all in such a situation would generally be regarded as negligent and unethical. Though, if a doctor helps and makes a mistake that is considered negligent and unethical, there could be egregious repercussions.
An untrained person would only be considered to be negligent for failing to act if they did nothing at all to help and is protected by the "Good Samaritan" laws if they unintentionally caused more damage and possible loss of life. A business may approach a professional engineer to certify the safety of a project which is not safe.
While one engineer may refuse to certify the project on moral grounds, the business may find a less scrupulous engineer who will be prepared to certify the project for a bribethus saving the business the expense of redesigning.
Separatists argue that professions should be allowed to go beyond such confines when they judge it necessary. This is because they are trained to produce certain outcomes which may take moral precedence over other functions of society.
This would be a disrespect of the patient's autonomyas it denies the patient information that could have a great impact on his or her life. This would generally be seen as morally wrong.
However, if the end of improving and maintaining health is given a moral priority in society, then it may be justifiable to contravene other moral demands in order to meet this goal.
If moral universalism is ascribed to, then this would be inconsistent with the view that professions can have a different moral code, as the universalist holds that there is only one valid moral code for all.
Student ethics[ edit ] As attending college after high school graduation becomes a standard in the lives of young people, colleges and universities are becoming more business-like in their expectations of the students.
Although people have differing opinions about if it is effective, surveys state that it is the overall goal of the university administrators. Codes of conduct[ edit ] Codes of conduct, such as the St. Xavier Code of Conduct, are becoming more a staple in the academic lives of students.
Such as, detailing the level of respect expected towards staff and gambling. Not only do codes of conduct apply while attending the schools at home, but also while studying abroad. Schools also implement a code of conduct for international study abroad programs which carry over many of the same rules found in most student handbooks.Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment.
Applied Ethics. Under what conditions is an abortion morally permissible? Does a citizen have a moral obligation to actively participate (perhaps by voting) in the democratic process of one’s nation (assuming one is living in a democracy)?
Five Ethical Theories: Bare Bones for Business Educators. 28 Pages.
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Business Ethics and the Role of the Corporation - Business Ethics and the Role of the Corporation The problem to be investigated is the ethical role that the corporation has when balancing internal strategies with external responsibilities.
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