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The Importance of Ethics in Business Essay

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Per Wikipedia, Ethics (also known as moral philosophy) is a branch of philosophy which seeks to address questions about morality; that is, about concepts like good and bad, right and wrong, justice, virtue, etc.

According to the Miniature Guide to Understanding the Foundations of Ethical Reasoning, “The proper role of ethical reasoning is to highlight acts of two kinds: Those which enhance the well-being of others—that warrant our praise—and those that harm or diminish the well-being of others—and thus warrant our criticism.”

I think that is amazing how history seems to always repeat itself. This study can be found dating back to the beginning of times with Adam and Eve. Per the bible they were instructed that everything was available to them except for the tree of Knowledge. However it was a part of their nature to morally go against what was asked and to take from the tree anyone. I guess it can be stated that it’s just a part of human nature to always have to deal with the scale of what is considered right and wrong however in the end it is truly up to us to make sure that those practices are being enforced.

I feel that it is very essential to be a person that practices integrity. We should all have a desire to be honest and truthful. This should be practiced in our personal lifestyles as well as our business relationships. These characteristics are the bases for our integrity. This in term identifies our character and is the basis and guidelines for how we are judged and viewed among our peers.
I also believe that it is very important for an employer to hire people who possess a positive work ethics and are fanatics of integrity. This in term leads to them being fanatics of good customer service.

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...not believe that it was Sears intention nor did they have any way of knowing that they would end up in this type of situation. However because they only looked at this from a profitable point of view I believe that they failed there customer, their employees, and in term this also affected there company as a whole. Today large corporation take steps to ensure that their employees are properly train in regards to issue on ethics and moral. You also have Acts such as the Sarbanes–Oxley Act which was created in 2002.

It was created in 2002 as a result of numerous accounting scandals. It is responsible for overseeing, regulating, inspecting and disciplining accounting firms in their roles as auditors of public companies. The act also covers issues such as auditor independence, corporate governance, internal control assessment, and enhanced financial disclosure.



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The Importance of Ethics in Business Essay - Per Wikipedia, Ethics (also known as moral philosophy) is a branch of philosophy which seeks to address questions about morality; that is, about concepts like good and bad, right and wrong, justice, virtue, etc. According to the Miniature Guide to Understanding the Foundations of Ethical Reasoning, “The proper role of ethical reasoning is to highlight acts of two kinds: Those which enhance the well-being of others—that warrant our praise—and those that harm or diminish the well-being of others—and thus warrant our criticism.” I think that is amazing how history seems to always repeat itself....   [tags: ethics, business] 1442 words
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