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What distinguishes ethical from unethical business activity and how significant are the principles of business ethics in modern business?
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Title: What distinguishes ethical from unethical business activity and how significant are the principles of business ethics in modern business? People in business make decisions every day which affect the rights and interests of others, both those within the business and those outside. Rights and interests are the basic stuff of ethical debate. Such decisions are made on the basis of assumptions - about the business's aims and aspirations; about what is owed to other people; about underlying values and direction. Beyond that although almost all business decisions involve calculations, effects of those decisions on employees, customers, the community and the environment can not be reduced to simple algebra. For example, a particular market opportunity may be shown to be strategically achievable by legal means. Few people would agree, however, that this is equal to a decision to proceed. If success involves heavy consequences to retailers or a campaign of...
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