'the Environment Suffers Because Business Has No Ethics'. Discuss

Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical

Ethics in business addresses the ‘right’ and ‘wrong’ behaviours of business practises, and how these practices impact the employees, shareholders, the general public and the environment.

Environmental ethics approach is very important to any company decision. One’s company must take responsibility to protect one’s environment in which it operates. Making sure that they can operate not only within laws, regulations, and guidelines set forth buy the country they are in, but also go above and beyond to protect the natural environment.

Let us come to general meaning of ethics. It is much dependent on individual’s inner voice, individual’s conduct of what is great or awful and senses make use of right or off-base. Presently apply this as business definition, the ultimate goal of the company is to make profits and there can be either positive or negative Impact by the company on operation of business. Simply business ethics is the behavior of the business in accordance with the society or community [1].

Most people assume that the term ethics refers to the business as a whole. Business ethics apply to the individuals working within businesses. Each individual's action within the company affects the entire company, not just the individual. When any person associated with a business acts ethically and responsibly, it helps the entire organization.

In the business world companies will run into times that they have to make decision based on ethics. This outcome may not be illegal, but unethical, which is just as important when running a business. Business Ethics is the concept of distinguishing between right and wrong and then making the right choice. The right choice may not always be the easiest or best alternative for the organization financially, but it is the greatest option for the company and its shareholders overall. The idea of business ethics is important to create trust between consumers, the community, and others involved with a given organization.

Facts: (Facts need to provide more information. In this regard, you should better set-up the relationship between the parties: UCC, UCIL, the Indian government, etc. UCC needs to be mentioned in the first paragraph.)

What is business ethics? In my own opinion, the business ethics is the company formulate the "proper" policies and stipulations to face the different kinds of issue, such as the change of society demand, the variation of government rules, or the financial crisis, maintaining everyone's rights and interest in the company. My decision is a neutral idea, although the shareholders, retirees, employees' interest would be harmed in the crisis, but average the damage

A business is created to make money, it may originally be made to help people, but in the end the pocket book of stockholders and owners is what managers focus on, and what employees are hired to do for the company. This means to do whatever it takes to make money, however, you need to stay with in the law and in many cases be socially ethical in business practices. When you fall out of these boundaries you will find yourself on the front page with your stocks dropping and a loss of profits you have been trying to increase. It is understandable that social ethics is not a companies sole priority, however, when you forget you have a

Business ethics is a vital element to the growth and success of any business. To be ethical means to have a system of moral principles. Ethics alone is a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. To have business ethics you would take the meaning of ethics and apply it to the things that go on it the work place. We are going to take

Ultimately, businesses exist to make a profit for their owners and shareholders. In most cases, ethical behaviour adds expenses to the business, reducing profits. Profits are a good thing - they ensure that people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt government programs.

In the world today, the meaning of business and its relations to society has evolved greatly from the industrial revolution and before. Before the industrial revolution, most business was conducted on a micro scale, with the relationship between demand and supply being much closer and more integrated than it is today. During and directly after the industrial revolution era, business became more focused on profitability, and more often than not, the benefits to society were more or less equal to the harm created in terms of labor relations and environmental harm. Today, however, consumers have become sufficiently informed to care about the way in which business conduct their affairs. To maintain good customer relations and profitability, businesses have been obliged to adopt actions that adhere to the concept of corporate responsibility. This means that they must adhere to a certain set of business ethics and customer relations in order to gain the benefit of profitability from these.

It is argued that powerhouse businesses are largely responsible for causing detrimental impacts on the environment through their practices (Hormann 1990). As a result it is suggested that businesses are to take action to remedy such situations. It is possible in many ways, however the most relevant involves development of sustainable practices through new framework of business operations (Smith and Rayment 2010). Business leaders can implement practices that encourage sustainability; this will remedy the current situation and avoid it in the future.

This concept has shown prominence through every stage of business evolution and has still remained as an essential factor that every business in the modern generation strives to achieve. Profit not only shows a company’s efficient performance, but it also dictates how the company will be accepted within a society. This is supported by Friedman (1962, pp.23), as he mentions that ethical compromises can be made to achieve greater goals. Since the most fundamental goal of every business organisation is to earn profits and succeed amongst their competitors, it can be agreed that companies would be willing to sacrifice a certain amount of ethical decision making. The opportunity cost in this case is preferable for the people that would want to give up a portion of their ethical mindset to earn a larger profit share for their own selfish career oriented desires. (Lincoln, Pressley, & Little, 1982, pp.476).

One philosopher wrote, "Like the wheel, business is one of the great human inventions. But unlike the wheel, the existence of business depends upon a social context, on unwritten rules and conventions…there is no more chance that we could return to an idyllic state before business existed than we could uninvent the wheel" (Klempner, n.d.). Just as the wheel has been redeveloped time and time again, thus making it better and better, we too must redevelop and enhance our philosophical and ethical decisions in the way we operate businesses in today 's society. Trying to maximize profits in business while catering to growing societal demands, proves to be quite complicated and challenging. Society and business owners alike are continually struggling to find that happy medium. Comparing and contrasting the many moral philosophies and belief systems, combined with trial and error is one way society as a whole can create a system that hopefully one day works for us all.