What are the difference between right and wrong business practices and their outcome is crucial for economic development. Ethical behavior refers behavior that conforms to generally accept social norms. Financial fraud can be examined by business ethics theories such as Individualism – Friedman’s Economic Theory, Utilitarianism, Kantianism, and Virtue Theory. Throughout the years the NYPD has increased the number of men and women in the force and has also gained responsibility all over the city.
From this perspective, business has only the responsibility to provide a good or service at an agreed-upon price. For me, the responsibility of sales people, as the representatives of companies who touch customers daily, is to create an ethical foundation on which companies can flourish.
Instead, discussions in ethics about employee health and safety will tend to focus on the relative risks faced by workers and the level of acceptable workplace risk. An ethics policy or corporate philosophy that is unique and deserving of recognition is a critical component of the award.
Establish ethics training programs for the employees to enable them to cope with ethical dilemmas. Rawl offers a contemporary version of the social contract theory that understand basic ethical rules as part of an implicit contract necessary to insure social cooperation.
They want to make certain that one can do well by doing good,” meaning that one can succeed in business by being ethical. The fact is that if anything that happens around the business affects the business. Ethics is the activity of examining the significance a society or of an individual.