Having considered the potential positive and negative consequences of an action to the actor himself, it has been concluded that an action that has no consequences for any other party is not within the scope of ethics to evaluate. There are so-called professional ethics, and in particular – business ethics, which includes standards of entrepreneur behavior. The judges evaluate the companies on documented evidence of the integrity of their corporate code of ethics, as well as on a clear demonstration of the company’s commitment to ethical business practices through managment and employee behavior.
Additionally, its focus on AACSB requirements makes it a comprehensive business ethics text for business school courses. Experiments are run carefully, social and cognitive processes are elucidated, and articles get published in academic journals. The biggest difference one notices by examining Jennings’ eight questions model and also looking at traditional measures of social responsibility is the general outlook.
U.S. multinationals have been central to establishing a global business commitment to responsible behavior. Otherwise ethical people could go into business only with a high risk of failure. Not only is there an opportunity to increase social welfare by alleviating suffering, suffering people may also have a right to assistance.
Do you masquerade and make a pretence of being at the appropriate” stage of what moral development and practice situational ethics to reap maximum benefits. To protect a company’s own reputation and the reputation of business in general, companies must assume responsibility for stamping out corruption in their own organization.
Because of business ethics, people in the workplace have more rights, and are therefore more productive. The Ericsson Code of Business Ethics is our tool to be a trusted partner, to conduct business responsibly and to remind us that every action counts. Social responsibility is an organization’s obligation to maximize its positive impact on stakeholders and minimize its negative impact.