business ethics

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The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.

business ethics

moral guidelines for the conduct of business based on notions of what is right, wrong and fair. Most business people rely upon their own consciences in making business decisions, falling back upon their own moral and religious backgrounds for guidance. However, business people are also affected by their superiors and immediate colleagues when making business decisions and may feel pressurized to behave unethically when seeking to make profits. Over recent years many firms and industries have attempted to develop codes of conduct which can be used to guide managers when making decisions.
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The editors go further than just ignoring the religious aspect of business ethics by including articles that are hostile to religion, the very phenomenon they bemoan concerning the current state of our texts.
The real challenge of the business ethics movement is not the black-and-white decision of obeying or violating the law, but the grey area of whether you made intelligent, rational ethical decisions," says W.
Before starting my work there in 1982, I made another trip, this time to the United States, to learn how business ethics was being taught here.
Over the course of the past 10 years, they've almost been like Mars and Venus," Hoffman says, referring to the chasm separating business ethics and CSR.
Feminist Inquiries into Business Ethics") critique business ethics as reflected in textbooks in the field.
One is teased with these references and looks forward to the authors' continuing to develop religious resources into further enlightening insights on business ethics.
Hun-Joon Park, Jiwhan Song (Yonsei University, Korea), Jegoo Lee (Chilalongkam University, Thailand) 'Can Business Ethics Be Taught?
Business ethics tries to answer the question: "What is the role and function of business in society"?
Drucker (1981) highlighted the issue in his manuscript on business ethics and, his work, has served as a precursor to the development of popularized management theory over the past three decades.
The issue of business ethics mainly occurs for the purpose of supplying us with some responses as to why particular resolutions should be assessed as ethical or unethical.
Themed The Impact of Business Ethics On Public Life, the four-day talk will discuss how the crisis in corporate ethics has affected public life and confidence in banking, political, social and religious bodies.
Over the last several decades, the business ethics field has grown from a small, tight-knit group of scholars to a thriving academic community with researchers drawn from all regions of the world (Calabretta, Durisin & Ogliengo, 2011; De George, 1987; Freeman, 2000).

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