Essay about Ethics in Business

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Ethics in business is important of everyday moral and ethical norms to business. Perhaps, the Ten Commandments from Bible come to mind as an example of morality that still used by many today. These commandments carry concept of being truthful and honest, and try to stay away from theft and greed. An idea of stewardship can be found in the Bible as well as many other religious literatures that can be and have been applied to business.
Beside religion, philosophy also carries similar ethical traditions. For example, Plato’s main theme of Republic is justice, and Aristotle in his Politics cares model of economic relations, business and trade.
Today, Business Ethics is the conduct that businesses carry in its daily dealings with the business partners, consumers and employees. However, the concept of ethics in businesses can be different for companies.
Many businesses got bad reputation just by being in business. For some people the idea of business is to make money and that is the only purpose. In other words, it could be called capitalism. Do not take me wrong, my attention is not to say that making money is wrong in itself. However, the manner in which some businesses behave themselves brings up the uncertainty of ethical behavior.
Every business should carry good business ethics and there are many factors to consider. When a company does business with another that has considered unethical, does this mean that first company act wrongly by correlation? Some people probably would think yes, the first business has a liability and it is now a relationship of unethical businesses.
However, many businesses, as well as famous brands that people use, do not have good business ethics. Many busi...

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Peter Goldmann, (2010). Financial Services Anti Fraud Risk and Control Workbook, John Wiley
and Sons.
Robert Sorbo, 2010, May 24, Wa Mu bank Unit holders oppose bankruptcy plan, Reuters US,
retrieved from
Rodney Stick, (2008). Americas Housing and Financial Frauds US. Silver peak Enterprises.

Sara Hanshard, 13 April 2010, Washington Mutual’s Reckless Lending Practices Highlighted At Hearing, AOL Mail Daily Finance, retrieved from practices-highlighted-at-he/19437561/
The New York Times. (April 14, 2010). Washington Mutual. Retrieved August 11, 2010, from

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