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Bachelor Degree

In: Business and Management

Submitted By salamsyah
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Ethics and Business 1.1 The nature of Business Ethics
Ethics is the principles of conduct governing an individual or a group, ethics also called the study of morality.
Morality itself is the standard that an individual or a group has about what is right and wrong or good and evil.
Business ethics is a specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organizations, and behavior.
Business ethics investigates three kinds of issues : * Systemic issues in business ethics are ethical questions raised about the economic, political, legal, and other institutions within which business operate. * Corporate issues in business ethics are ethical questions raised about a particular organization. * Individual issues in business ethics are ethical questions raised about a particular individual or particular individuals within a company and their behaviors and decisions.
Corporate Social Responsibility is a corporation’s responsibilities or obligations toward society.
There are several arguments that supporting ethics in business : * Ethics applies to all human activities * Business cannot survive without ethics * Ethics is consistent with profit seeking * Customers, employees, and people in general care about ethics * Studies suggest ethics does not detract from profits and seems to contribute to profits

1.2 Ethical Issues in Business
New technologies from agricultural and industrial revolutions, information technology, nanotechnology, biotechnology and genetic engineering introduced new ethical issues for business.
The fact that different cultures have different moral standards, leads many people to adopt the theory of ethical relativism. Ethical relativism is the theory that there are no ethical standards that are absolutely true and that apply or…...

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