The Ethics Of Business Ethics

757 Words4 Pages
When deciding what to do in certain situations, ethics is what guides an individual to act in a way that is good, or right. Those involved in business settings apply ethics to business situations, known as business ethics. It is expected of businesses, small and large, to follow business ethics. There is a particular framework businesses are to follow. However, the reoccurring news headlines of poor business ethics prove differently. Poor business ethics include bribery, corporate accounting scandals, and environmental issues. Business ethics does not provide a list of correct ethical business decisions; rather, it reflects a standard of business to improve decisions. Often times unethical situations will result from choosing the first option without further review or the option that enhances a business in the short run (Kubasek et al. 20). In order to avoid costly, unethical decisions, businesses strive to follow guidelines called the WPH process of ethical decisions making. This is a set of criteria that managerial decisions must meet: decisions affect stakeholder, decisions are made for a particular purpose, and decisions must provide achievable guidelines about how to make ethical decisions (Kubasek et al. 22). Who the decision affects, the purpose of the decisions, and how to make ethical decisions are the guidelines for maintaining an ethical business environment. Businesses have full intentions to follow these guidelines for maintaining an ethical
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