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Business Ethics

A code of ethics or conduct is a statement of ethical practices or guidelines to which an enterprise adheres. There are many such codes, some related to industry at large and others related directly to corporate conduct. These codes cover a multitude of subjects, ranging from misuse of corporate assets, conflict of interest, and use of inside information, to equal employment practices, falsification of books and records, and antitrust violations. These codes of ethics can promote positive behavior among corporations in a variety of ways.

Recognizing and trying to solve the problems involving equality, the environment, and consumerism represent the major part of the social responsibility of business. Business ethics are standards that govern business behavior. Many have found that they believed that a code of ethics was the most effective way to encourage ethical business behavior. Sometimes these codes are written down or a code of ethics is communicated orally or even through the overall climate or cultural values of the organization. A stated expectation about ethical behavior often implies a broader standard. For example, when management tells its salespeople, "We do not allow kickbacks," this statement probably c


I recently gave birth to my first child, and I spent numerous hours contemplating breast or bottle-feeding my infant. I decided to breast feed because of the healthy aspects. What Nestle did in the third world was a misuse of advertising. A common area of consumer complaint is advertising. Many ads give incomplete information or are ambiguous. Nestle passed off its product with fake health care professionals who left these mothers with the incorrect information.

As might be anticipated, there is a great deal of philosophical debate regarding the involvement of corporations in society's affairs. Some people believe business should assume a strong social responsibility stance. Others believe businesses role should be minimal. Social responsibility supporters say that business should play an active role in ensuring such things as equal opportunity in employment. Corporation can help shelter others from all dangers created by a business's production processes or output, and safe and properly functioning products that provide full value for the purchase price.

Some may argue that U.S. businesses have an ethical responsibility to provide jobs for American citizens, but I believe a corporation's main concern should be to its stockholders. Businesspeople considering international trade might start by weighing whether their product has an absolute or comparative advantage over products supplied or produced by companies in other countries. However, at some point, a business's manager must consider the business's own advantage. Some sources of advantage include natural resources and climate, capital equipment and skilled personnel available, geographic location, and political climate.

overs more than just giving customers money under the table in return for placing orders. It probably refers to giving customers anything that might be construed as a bribe or an attempt at influence, no matter how small its value. The reverse applies to employees who do business with outside vendors.

In many companies, a manager who accepts an expensive gift from a supplier is subject to reprimand and possible dismissal. A code of ethics can promote good ethical behavior, but it is only part of the basis for good ethical judgment. Companies can promote ethical behavior among their staff, but communicating a code of ethics is a start, but may be too little. Some companies that have had problems have turned to experts to help them enforce their codes. For example, you can have a committee of board members to review the firm's ethics polices, a steering group to oversee policy execution, training for employees, and a corporate ethics director. These actions along with a solid code seem to be the best way of changing the conduct of an organization. If the corporation sees these actions as moral because it promotes its own best interest the corporation is practicing egoism consequential ethics.

Government policy can make it expensive or even illegal to engage in international trade. In addition, cultural differences can be a barrier to conducting business in the international arena. Most governments erect some barriers t

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Approximate Word count = 2120
Approximate Pages = 8 (250 words per page double spaced)


  

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