PHI445 Week1 DQ's - How do moral obligations apply to...

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Week 1 – Business and Morality How do moral obligations apply to business organizations? Can companies be held accountable for what they do, or are the individuals who make up the company the ones we must hold accountable? Discuss the major arguments concerning corporate responsibility. Moral obligations apply to business organizations in an underlying sense; they are silently used as a determining factor in the way that business is run, employees are treated, and decisions are made, by both individual employees and the organization in its entirety. According to Velasquez (2006), “morality is the set of standards that an individual or a group has about what is right and wrong or good and evil” (pg 8). In order to be a successful organization, Fieser (1996) declares that” a morally responsible company must pay special attention to product safety, environmental impact, truthful advertising, scrupulous marketing, and humane working conditions.” In order to become and remain a successful organization, employees should practice upholding their moral obligations to their stakeholders. In addition, I believe that it is the individuals who make up the companies that must be held accountable for their actions. Velasquez discusses that, “Corporate policies, corporate culture, corporate norms, and corporate design can and do have an enormous influence on the choices, beliefs, and behaviors of corporate employees” (pg 16). Ultimately, however, it comes down to the actions and decision of the individuals. Velasquez, M. (2006). Business Ethics: Concepts and Cases (6th ed.). Upper Saddle River: Pearson Prentice Hall. Fieser, James. (1996). DO BUSINESSES HAVE MORAL OBLIGATIONS BEYOND WHAT
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This note was uploaded on 08/29/2011 for the course BUSINESS 101 taught by Professor All during the Spring '11 term at Ashford University.

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PHI445 Week1 DQ's - How do moral obligations apply to...

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