What is Ethics Summary

What is Ethics Summary - Christopher Brooks BUSI 1301...

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Christopher Brooks BUSI 1301 September 25, 2006 Journal Article #2 What is Ethics Developed by Manuel Velasquez, Claire Andre, Thomas Shanks, S.J., and Michael J. Meyer Business ethics is the study and evaluation of decision-making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social and philosophical questions, such as a company's responsibility to preserve the environment and protect employee rights. Many ethical conflicts develop from conflicts between the differing interests of company owners and their workers, customers, and surrounding community. Managers must balance the ideal against the practical–the need to produce a reasonable profit for the company's shareholders with honesty in business practices, safety in the workplace, and larger environmental and social issues. Ethical issues in business have become more complicated because of the global
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What is Ethics Summary - Christopher Brooks BUSI 1301...

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