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Business ethics

Business Ethics is emerging as one of the greatest recognized needs in business and government today. No other element in business life can profit so greatly for such a small investment. Lacking this, no other element can cost business so dearly.

To start, one must ask; what is ethics? In its most basic form, ethics involves learning what is right or wrong, and then doing the right thing. However, the right thing is not as straightforward as conveyed in a great deal of business ethics literature. Most ethical dilemmas in the workplace are not simply a matter of "Should Robert steal from Jane?" or "Should Jack lie to his boss?"

Many philosophers consider ethics to be the "science of conduct." Others explain that ethics includes the fundamental ground rules by which we live our lives. Philosophers have been discussing ethics for at least 2500 years, since the time of Socrates and Plato. Many ethicists consider emerging ethical beliefs to be state of the art legal matters. For example, what becomes an ethical guideline today is often translated to a law, regulation or rule tomorrow. Values that guide how one ought to behave are considered moral values, e.g., values such as respect, honesty, fairness, responsibility, etc. State

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Approximate Word count = 2833
Approximate Pages = 11 (250 words per page double spaced)

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