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Document (17).docx - MEANING OF ETHICS ▪ According to the...

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MEANING OF ETHICSAccording to the NewEncyclopedia Britannica,ethics is a disciplineconcerned with what ismorally good and bad,right and wrong.The word ethicscomes from the Greekword ethos which meanscharacter or guidingbeliefs,standards, or ideas thatpermeate society.
Study of ethics is theviewing of ethicalconcerns and thepossible consequences inthe light ofone’s values.The following are thereasons for currentinterest in businessethics:1. A drift towardmaterialism and greed,pushing people to
acquire wealth or statusbeyond theirreal needs and to wantmore regardless of whatit takes to get it,2. The deregulation ofsome industries,intensifying competitionand encouragingmanagers to cutcorners,3. The growing size ofbusiness enterprisewhich dilutes and
spreads personalresponsibility toothers,4.A growing hedonism,leading people to bemore concerned withtheir own happinessthatresponsibility to others,5.A lack of moralleadership among
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Term
Spring
Professor
Ms. Rea Martesano
Tags
Study of Ethics

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