Search and find articles. Free submission.
Search:
Home | Business | Ethics

Article:
'business ~ What are business ethics and what is their importance ~ ethic'





"..... Under the umbrella of business ethics comes:

• The social responsibility th.....
.....business, ethic, responsibility, company, public, community, shareholder, consumer, government, unethical......"

Business ethics are a matter of much debate. Every MBA entrant is taught the meaning of them, and yet many will never follow these guidelines in their real life careers. It has become a vast and complex field, and is the subject of much research. Business ethics encompass a large and significant portion of what it takes to do business today. Under the umbrella of business ethics comes:

• The social responsibility that a business is supposed to have towards the community in general, particularly the one in which it operates or has any interests. An example of this would be the Exxon Mobil oil spill. It is the responsibility of a business to protect the interests of the people, animals and environment where it uses resources. Due to improper handling of the issue, it became a public relations nightmare for the company. Exxon has now been ordered to clean up the area which it should have taken care not to damage in the first place. Indifference to business ethics in this case, caused a negative public image for the company and a huge lawsuit.

• Issues regarding a company‘s responsibility towards its shareholders. This is a heavily regulated area but one that requires a lot of government intervention due to certain unethical practices adopted by many companies in the past. The concept of increasing shareholder value is part of the fundamental principles of a company and if business ethics are not brought into play here, the business can collapse due to the pressure exerted by shareholders.

• Inter-company dealings and negotiations. Often rivalries in business can turn ugly due to the amount of money and ego riding on them. Hostile takeovers and business espionage are some of the examples of unethical behavior within the business world. If discovered, these deeds can be punishable by law or simply public opinion. To allow for fair play and keeping the best interests of the consumers in mind, the government regulates a great deal of what goes on in company dealings. Microsoft has been the target of much abuse and outrage due to its allegedly monopolistic techniques of doing business. While this has not sunk the IT giant, many say that it may have long term repercussions. The government has also stepped in to make sure that other businesses and consumers are not harmed.

• Stakeholder protection. Every business has stakeholders other than its owners - the employees, the stockholders and the general public. The business has to ensure that the rights and interests of all of these groups are adequately protected in the course of its operations. The recent outcry about the harassment and bad working conditions of employees in Wal-Mart led to the generation of a lot of negative press about the outsized department store. This gives the competition the lead and rivals take the opportunity to get ahead while the company is busy trying to do some damage control.

• Fundamental business practices of a company. Underhanded dealings, the use of substandard products, spreading misinformation about the product, hiring illegal workers at lower than minimum wage, etc. prove that a business is run in an unethical way and that it is not a high quality work place or service provider. For instance, cigarette companies that spent most of the seventies telling people that it was not unhealthy to smoke, though they knew this to be untrue. In a recent judgment, one such company was forced to pay out $28 billion.

".....

• Fundamental business practices of a company....."



_____________________________________________


William King is the director of Wholesale UK Dropshipping and Wholesalers Trade Suppliers , Wholesale Dropship and Dropshippers Suppliers Directory , and Pakistan Property and Pakistani Real Estate Portal . He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion and marketing.



Report This Article

Article Source: http://searchnfindarticles.com

News Feed:

Nebraska lawmakers Tom Carlson, left, of Holdrege, Lowen Kruse of Omaha, John Wightman of Lexington, and Norm Wallman of Cortland visit briefly Friday, Nov. 21, 2008, on the floor of the legislature just before the final vote of LB1, which puts a 30-day age limit on children who can be dropped off at Nebraska hospitals under the safe haven law. The bill easily passed 43-5. (AP Photo/Bill Wolf)AP - Nebraska Gov. Dave Heineman has signed a bill that adds a 30-day age limit to a safe-haven law led to the abandonment of nearly three dozen children, including some teenagers as old as 17. The law goes into effect at 12:01 a.m. Saturday.


 ...

Additional Articles From - Home | Business | Ethics
  • ethics ~ Small Business Employees Sometimes Lack Ethics ~ business ethics - By :
  • ethics ~ The Litmus Test ~ Don ~ t Lie ~ Cheat ~ or Steal ~ business - By : Sally Rhys
  • Canada ~ Canadian government delays release of asbestos report ~ malignant mesothelioma - By : Scott Hendler
  • ethics ~ That Slippery Slope ~ Four Examples of Stinking Thinking ~ business - By : Sally Rhys
  • eco fashion ~ Give Yourself a Total Makeover ~ sustainable fashion - By : The Q
  • Product Management ~ Great Way To Create A Quick Product ~ Product Planning - By : kamaldeep
  • Outdoor Chairs ~ 5 tips for the perfect design - By : Catrina Benoose
  • Warren Buffett ~ Warren Buffet ~ s Wisdom In The Market Crash of 2008 ~ stock crash of 2008 - By : Barry Lycka
  • Caf ~ Chairs ~ 4 Tips to Make your Customers Happy - By : Alex Ebbingson
  • Contract Furniture ~ Using Marco Maran ~ s Furniture - By : Venisha Sailsworth

    • Please Rate this Article  

    Not yet Rated

    RSS XML Search N Find Articles
    Click the XML Icon Above to Receive Ethics Articles Via RSS!

    business ~ What are business ethics and what is their importance ~ ethic
    Subjects



    Main Menu
    Home
    Submit Articles
    Member Login
    Top Authors
    Most Popular Articles
    Submission Guidelines
    Ezine Notifications
    Article RSS Feeds
    Partners
    Sitemap


    Authors Register Here
    Sign Up for a free account or learn more.
    Sharing
    Info
    New Stuff
    About Us
    Link to Us
    Contact Us
    Privacy Policy
    Terms of Service
    Software Download
    Article Directory Software
    Click here to download the exact software that powers this directory for FREE. Start your own article directory today!
    Watches Store Ebay

    CrawlTrack: open-source crawlers and spiders tracking script- SEO script -script open-source de d tection des robots


    Unique Articles
    Partner Links Directory

    Powered by Article Dashboard