Business Ethics A Managerial Approach Pdf 16
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Business ethics involves applying ethical principles to different management activities such as selection, recruitment, operation, and reporting. The primary goal of any business is to be profitable. By contrast, the goal of business ethics is to align a firm’s fundamental business purpose with ethical standards. If you follow this approach, you should choose a course of action that could strengthen and protect an organization’s business identity.
Organisations must answer most questions about their participation in society. In business ethics, it is recognised that for a business to prosper, they must thrive in society. There are many different types of businesses and organisations and so business ethics must develop along with the growth and changing nature of business.
In business ethics, a common question that has arisen is: do there exist “right” and “wrong” decisions? Business ethics is a field of moral philosophy that deals with assessing the meanings and intentions of actions with regard to a business or business process. A business process includes the steps and decisions taken at the beginning of the process, during the process, and at the conclusion of a process. It examines the process in relation to individuals and to society.
Business ethics considers that businesses and organisations have a moral status requiring that their actions be based on notions of right and wrong (this is not to say that businesses do not engage in immoral actions). “Organisations” and “business” refer to the people who are part of the “business” and the “organisation”. “Organisation” refers to the business entity (whether operating as a partnership, corporation, not-for-profit organization, institutional or other) and “organisational unit” refers to the definable team or units of the business entity that perform some functional of the business activity. 7211a4ac4a