Business Ethics : An Integrated Part Of The Contemporary Business Environment

2020 Words9 Pages
Ethics is usually found in almost all aspects of human activity, and people are typically concerned about the quality of behavior they portray to those around them. Ethics has been an essential part of the economic environment in this century. At present, pressure groups and consumers seem to be in the front line in demanding that organizations seek more ethical as well as ecologically sounder ways of conducting business. The media also seems to be playing an essential role in highlighting corporate malpractices and abuses. Even organizations have realized that, being ethical may be good for their business. Based on these, ethics has become an integrated part of the contemporary business environment.

Business ethics is termed as the study of a business situation, decision and activities where issues that are right and wrong are addressed (Marcoux 2009). Based on the above definition, business ethics is the spectrum of interaction between individuals, firms, society as well as the state. Business ethics is not an optional accessory when conducting business nor is it a mere eagerness of moralist and philosophers; it entails how people do business from the basest deception to the highest levels of excellence.

Ethics as a contemporary international business issue
A great number of ethical dilemmas and issues in international business are mainly entrenched on the fact that laws, political systems, culture and economic development vary considerably

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