Ethics In Business


The Necessity Of
Ours is a business-centered society. “No group in America is more influential than businessmen” (Baumhart xv). Their influence, for good or evil, enters every life and every home many times each day. If this influence is good, the nation is strengthened; if it is evil, the nation is weakened. Obviously, the myriad decisions of businessmen will significantly determine our national health; ethical, as well as economic. “Business ethics are discussed not only in board rooms, but at dinner tables, in university faculty rooms and on the floor of Congress” (Garrett 1). Many, especially the impressionable young, imitate the mores and manners of ...

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to the execution of even a correct decision” (Pastin 1). Often, it is harder to go through with a morally correct decision even though you know it is the right thing to do. More often than not, the temptation to take the easy way out is overwhelming.
There are many definitions of ethics, but, according to author Herbert Johnston, ethics is concerned with two things: human conduct and what ought to be done (Johnston 1-2). It also involves people’s perceptions about what “should” be done. People have duties to do what is right and to not hurt other people. More or less, ethics involve obligations. Johnston also defines ethics as “ a practical, philosophical science by which we may reach conclusions concerning the rightness or wrongness of voluntary acts as related to our last end” (Johnston 25). Johnston is saying that ethics are judgments based on society’s set moral standards that result in good outcomes or bad outcomes, depending on ...

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are known as being ethically good. On the other hand, the human reluctance to blame oneself for ethical failings helps to explain why our respondents [to the survey] rank personal financial needs as least important of the five factors influencing unethical behavior (Baumhart 46). (See chart on page 10)
In some instances, people believe “good business is good ethics” (Lewis 48). Of those Baumhart surveyed, 98% believed that “sound ethics is good business in the long run.” However, after being questioned further, and when defining “good business” as maximized profit, then most disagreed that “good business is good ethics.” They stated ...

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PAPER DETAILS
Added: 7/13/2005 10:53:32 AM
Category: Miscellaneous
Type: Premium Paper
Words: 5128
Pages: 19

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