The Stanford Encyclopedia Of Philosophy

1941 Words Apr 16th, 2015 8 Pages
The Stanford Encyclopedia of Philosophy defines ethics in business for the lay person. The study and implementation of ethics is not a study of right and wrong because those words have no meaning except to the party defining them. The Stanford Encyclopedia of Philosophy reports,
In concept, business ethics is the applied ethics discipline that addresses the moral features of commercial activity. In practice, however, a dizzying array of projects is pursued under its rubric. Programs of legal compliance, empirical studies into the moral beliefs and attitudes of business people, a panoply of best-practices claims (in the name of their moral merit or their contribution to business success), arguments for (or against) mandatory worker participation in management, and attempts at applying traditional ethical theories, theories of justice, or theories of the state to firms or to the functional areas of business are all advanced as contributions to business ethics—even and especially in its academic literature. These projects vary considerably and often seem to have little in common other than the conviction, held by those who pursue them, that whatever each is pursuing is business ethics (The Stanford Encyclopedia of Philosophy, 2008, para., 1).
Ethics is the branch of knowledge concerned with morality. Every organization has guidelines put in place to determine what moral behaviors they expect from each team member and what behaviors are immoral and punishable offenses.…
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