Business ethics Essay

Custom Student Mr. Teacher ENG 1001-04 7 November 2016

Business ethics

Speaking about ethics and business ethics is necessary to define the meaning of these terms. So ethics is known as branch of moral philosophy, which involves systematizing, defending, and recommending concepts of right and wrong behavior. But business ethics are ethics that refer to the moral rules and regulations governing the business world. In other words, they are the moral values that guide the way corporations or other business make decisions.

Nowadays almost every industry faces a lot of environmental, social and ethical problems. For instance food industries are blamed for obesity. Mobile phone operators are challenged to protect teenagers from online pornography. Record companies are attacked when they sue music-lovers for sharing illegal files on the Internet. As for business in Russia, the most spread ethical problem there is bribery.

The synonyms for the word bribe are many and varied: kickback, graft, subornation, sweetener, baksheesh, gratuity, palm-oil, and backhander. As a rule people give bribe to authorized person in order to make needed things done easily or faster. Another ethical and social issue is treatment of employees. This problem includes sexual harassment and glass ceiling. This is especially spread in small organizations where not so many workers and everyone know almost everything about each other. Another type of treatment of employees is unequal opportunities and gender or race discrimination.

Next ethical problem in business is using of children labor or providing sweatshop conditions in order to reduce costs But of course there are much more ethical problems and this list can be continued endlessly. But fortunately now many companies aim to be ethical and try to solve these problems. Thus one example of such solution concerning treatment of employees is establishing of equal opportunity policy. There can be also created employees complaints procedures and specific policies. Also to ensure that business activity follows ethical norms companies claim that their products are green and environmentally friendly.

What’s more, many companies ask new employees to sign a confidentiality agreement in order to avoid industrial espionage or employing of whistleblower. What concerns the problem of corruption, so this action as a rule is to prosecuted at law, specially if sum of money is really big. In conclusion I would like to say that ethics can not be separated from people and the source of everything bad and good are people either in business world or in our day to day life. So in order to improve situation in business ethics people should to start with themselves, they should to change their lifestyle and way of thinking.

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  • University/College: University of Chicago

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  • Date: 7 November 2016

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