R2 - Business Ethics Business ethics is part of today's...

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Business Ethics Business ethics is part of today's society whether you like it or not. There are many things happening in today's corporate world that needs to be opinioned. Are ethical judgments merely a matter of personal opinion? Yes because we live in a free society I think that most ethical judgments are based on a matter of what you believe in. Everyone has the right to think differently. There will also be similarities and differences in your ethical point of view because of religion, race, and education but I don't think it will be much different than someone else's opinion if it all comes down to these factors. I also think that personal opinion can be attributed to how sensitive the topic is. For example same sex marriage is a very sensitive issue as well as abortion. When you look at the news and see corporate giants like Enron and WorldCom a question mark comes to my mind. I ask my self what happened to the conscience of the people making decisions in the corporate offices. I believe that a lot of the decisions are made because of self-interest. These executives were looking out for themselves and forgot about the shareholders of the company, which are equally important because they own part of the corporation. That is why we are seeing all of these corporate scandals on the news today! Ask yourself if you think what Microsoft did was ethical. When you think about Microsoft's antitrust case it reminds you of a corporate giant that makes decisions in their self-interest. They didn't care if they were hurting another company. The company that was most hurt from these illegal business practices was Netscape. Microsoft wanted to eliminate its competitors by performing business practices that would hurt other companies in its market segment. We all know what happens when there is no competition? Companies raise prices because of the law of supply and demand. I guess it's all about competition. If a corporation doesn't have good business ethics would it be a good idea for that company to do good works in the community? I would say no because if the executives that run the company have no integrity whatsoever to make decisions in their company what makes you think that they are going to care about the community in which they are suppose to volunteer in. The image of a company is very important and if the corporation is not using good business practices it can be hurt financially and its reputation can be at stake. Should business be expected to do good works in the community? I believe that the backbone of this country is businesses. Corporations small or large need to set examples out in the community by getting involved in programs like the united way, red cross and other activities that benefit our youth and the people of America. This plays a major role in community development. By doing this it will also build the company's image and reputation. If all of the expenses are going to be tax write offs why not do good works in the community that will benefit everyone. The former company I
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This note was uploaded on 05/21/2011 for the course ECON 123 taught by Professor Day during the Spring '11 term at Arab Open University, Amman.

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R2 - Business Ethics Business ethics is part of today's...

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