Essay about Business and the Notion of Ethics

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the notion of ethics has been around for generations, it has been seen in religion and philosophy. Although it has only been in the last few decades that the business world has adopted this principle of doing the right thing, not just doing what will lead to most profits. The concept of ethics encompasses a ‘systematic’ process of considering the ‘moral consequences’ of ones actions, as stated by (text book). However there isn’t a succinct agreement about what business ethics is. Lewis P (1985) believes this is mainly due to the fact that the ethics of a business will only be as ethical as those who are a part of it. Research done prior to 1985 also found that profit is not the sole motive for business. Today it organisations don’t only …show more content…
the notion of ethics has been around for generations, it has been seen in religion and philosophy. Although it has only been in the last few decades that the business world has adopted this principle of doing the right thing, not just doing what will lead to most profits. The concept of ethics encompasses a ‘systematic’ process of considering the ‘moral consequences’ of ones actions, as stated by (text book). However there isn’t a succinct agreement about what business ethics is. Lewis P (1985) believes this is mainly due to the fact that the ethics of a business will only be as ethical as those who are a part of it. Research done prior to 1985 also found that profit is not the sole motive for business. Today it organisations don’t only strive to be profitable, but do so in and ethical manner, but also socially responsible. Corporate social responsibility is where organisations are head accountable for their own actions; in the community, and to the environment, and ensure ethical practices whilst doing so. More than this though, social responsibility, is meeting present needs whilst also considering the ability of future generations to meet their own needs too. (Brundtland Commission) social responsibility can comprise of creating new roads and infrastructure, the backing of local communities, or the financing of local schools and even small sporting clubs. This is a way of helping the needs of the present generations while also looking forward to the needs of the future

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