Business Ethics Essay

3290 Words 14 Pages
Introduction


Background

The literature being studied is an article written by Hellen O’ Sullivan, the Director of Scientific Methods Australia. The article entitled “Business ethics are set to set to stage a comeback” was published on the 75th page of The Australian Financial Review on the 6th February 1990.


Literature Review

Basically, the article discussed several important issues about business ethics. One of the most prominent was the remark she made about business ethics making a comeback. The conclusion was made upon the fact that business ethics are becoming more and more popular among business practitioners as the era of ‘Me-generation’, and its obsession with greed and profit at any cost draws to a close.
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Management schools nowadays teaches courses on the subject to their students and you can even study at any number of good schools for a graduate degree in Business Ethics as revealed in The Economist (22nd February 2000) and the article written by Clive Crook in The National Journal (24 April 1999).

The change of the perception towards business ethics is so apparent today. The business community in the 1980’s perceived business ethics as a contradiction in terms. Those who practise them were oftenly seen as naïve and worst, unambitious. This is totally vice versa to the current thinking. For instance, Professor Richard DeGeorge of the University of Kansas shatters the myth of business ethics being a contradiction in terms by using simple logical analogy. He stated that if business is viewed a amoral i.e. it is not expected to behave according to the moral rules and it is not appropriate to do whatever necessary to increase profit, then there would be no surprise when a business acted immorally. The uncovering of bribes and corruption would not be news.

The presence of business ethics is so apparent today. According to the article entitled “Doing Well by Doing Good” published in the Economist, in the United…

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