Personal values and the market Essay

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Business is a game, which requires and demands both special strategy and an understanding special ethics. It gives main part to the profit but in the same way the ethics also plays a very important role in business because without ladder we cannot reach the high building like that without ethical thinking business cannot be done. Private morality is a respect for truth and that the closer a businessman comes to the truth he deserves more respect. According to Henry Taylor’s Statement he says that Ethics of a business are game ethics, different from the ethics of religion so he means that ethics related to business are like games and they are different from religion. Ethics means dealing with moral and in that truth plays the important …show more content…
Business don’t make the laws we can see distinguish between the ethical standards of business and those of churches. Critics of business regard such behavior as unethical, but the companies concerned know that they are merely playing the business game. Most Respected example of business institution is Insurance Companies. Second Example: In 1967 a key manufacturer was accused of providing master keys for automobiles to mail order customers, although it was obvious that some of the purchasers might be automobile thieves. His defense was plain and straightforward. If there was nothing in the law to prevent him from selling his keys to anyone who ordered them, it was not up to him to inquire as to his customer’s motives. Why was it any worse, he insisted, for him to sell car keys by email, than for mail order houses to sell guns that might be used for murder? Until the law was changed, the key manufacturer could regard him as being just as ethical as any other businessman by the rules of the business game. According to this example we can say that he did not broke the law. We are highly in competitive industry and for business; profit is the main fixation then why we have to talk about ethics? Sometimes going according to ethics we cannot do business doing everything truthfully can not give us success in our business because to gain profit we have to tell customers many things like if we are telling that

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