Business Ethics : Business Values And Ethics

2873 Words Dec 2nd, 2014 12 Pages
NAME: MWANGI NJUNU, EPHRAIM MORAGE
ID No. 638780
CLASS: BUS 4070, D BUSINESS VALUES AND ETHICS
LECTURER: Prof. KIRUBI MICHAEL
TASK: TERM PAPER

Table of Contents
1.0 Introduction 1
2.0 The Profit Motive 2
3.0 Investor Confidence 3
4.0 Employee Confidence and Motivation 4
4.1 The Employees 4
4.2 The Role of a leader 6
5.0 Customers 7
6.0 Views from the Public 9
7.0 Conclusion 10
References 11

1.0 Introduction
Is ethics important or relevant in business decisions in today’s world? Should corporations designed to make profit take ethical considerations in decision making? The answer is yes, now more than ever. Business ethics is very important for any business. In a ‘shrinking’ world caused by the internet, good public relations and public perceptions are now important globally. However, ethical decisions are not simply tools to be used for public relations, but have greater effects even within the organization. Ethics contributes to profits, but in different way than the traditional teleological path where the ends justify the means.
We begin by defining ethics in business. Ethics are “generally accepted rules of conduct that govern society” and are “unwritten rules we have developed for our interactions with each other” (Jennings, 2009). They generally deal with issues of what is right and wrong. For instance, if someone cuts you in a line, this would constitute an ethical wrong (unethical) which would draw many negative stares and rebukes…
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