Business ethics is a branch of ethics (applied or professional) that focuses on ethical rules and principles from a commercial perspective. Business ethics is relevant to all aspects of business, individual conduct and organizational conduct. Several types of activities are examined to determine whether it is ethically right or wrong. Business ethics is a form of applied ethics that is part of philosophy. Therefore, it is ethical and philosophical and theoretical concepts developed for specific business applications in a given scenario. Applied ethics is a field of study of ethics deals with ethical issues in various fields such as medicine, technology, business and legal.
Business ethics can be both a normative and descriptive discipline. Ethics as a cooperate function and a carrier the field is basically normative. The extent and amount of business ethical issues shows the level at which the business is at odds with non-economic social value. A company has become the trend today and business ethics not have a lot of unethical practices, so it is important that discussions be held by individuals or organizations in the same line of business. Businesses run on natural and social environments and be able to assess the impact of their business practices are in their immediate environment. A company is responsible, regardless of financial gain and other factors to the stakeholders (those affected by the company) and that every action has ethical implication roads. Large companies affect the environment they operate in and are responsible for the condition of the residents. It is common for large companies and oil producing companies to provide basic services like health, education and employment opportunities to the communities they reside in. Some issues faced in business ethics include Black market sales Bribery and kick backs Creative accounting Advertising deception Political influence Industrial espionage Discrimination Competitive disinformation. In a company there are many sectors with different responsibilities and processes. Ethical practices may vary slightly from one sector to another, but come together to define the company’s ethical policies. The financial aspect of business ethics relates to the financing of debt and equity, dividend policy, evaluation of alternative investment projects. Human resource management is responsible for the recruitment of workers, training and orientation, performance appraisal, health and safety and other issues with ethical implication. Many argue that there can be no ethics beyond using human resources as a tool for earning higher profits for shareholders this view is influenced by the “Neoliberal Logic”. Another argues that the well being of labour is not second to shareholder profits. Whichever way, it is important that the dignity of labour is preserved. Marketing, sales and production also have the ethical policies that guide them. It is important that companies don’t take advantage of those they relate with and evaluate what they term “conflict of interest”. It is in every business interest to make profit, but at what cost? With 6 sigma your business can jump ahead in effective ways. Check online to see what Six sigma training is all about.
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