Ethics in Business are an Optional Extra

EXECUTIVE SUMMARY

In contemporary business operates there is continue increase in the level of responsibilities expected by public from business corporations The failure of corporate organization to engage in doing the right business ethics has brought about in recent times increase in litigation . This write-up agrees with the proposition that `Ethics in Business an Optional Extra . However , not all business ethics are optional extra . There is the need to differentiate the mandatory social responsibilities of corporate business from those altruistic ones the business chooses to embark on . Thus , what constitute optional

extra business ethics are those philanthropic social responsibility that the business corporate agrees , based on consensus that is good will and morally justified , to execute . This genre of corporate social responsibility is not public right or the fulfillment of justice , but out of goodwill of the company stakeholders

INTRODUCTION

Ethics in business is about doing what is right , and what is generally accepted as good , or the standard set up to be adopted . It aims at inculcating a sense within a company 's employee population of how to conduct business responsibly (Hurst , 2004 . The interpretation of business ethics may be difficult especially in international business operations

In business , ethics differs from religious ethics that should be followed holistically . In this sense , business ethics may come , as a bluff where sometimes what is unethical religiously may be ethical business wise . According ethics of business are games ethics different from the ethics of religion (Carr , 1968 . Falsehood may cease to be falsehood when both parties accept that the truth should not be spoken . So adopted moves of businesspersons may not be ethical in the outer world , but business ethics sometimes permits and overlooks those unseemly practices . This may include outwitting competitors to gain a contract through hand shake , playing smart to be recruited for a juicy post when the qualifications wanted are not presently available , some employees allow their sales personnel to adopt `pressure to deceive strategy in the process of handling customers etc . No wonder Representative Omar Burleson , the Democrat from Texas stated that business ethics are liken to ethics of Congress characterized as `Ethics is a barrel of worms ' i .e . a pungent summing up of the problem of deciding who is ethical in politics (ibid

The boundary of business ethics is broad . It is somewhat problematic covering the fields of business ethics , which includes such concerns as corporate governance , reputation management , accurate accounting , fair labor practices and environmental stewardship , inter-alia (Hurst , 2004 These fields of business ethics goes to constitute the corporate responsibilities of business organization

Now , the question is `Ethics in Business an Optional Extra . This is what the write-up tends to focus on

ETHICS IN BUSINESS ARE OPTIONAL EXTRA

Most business ethics are considered as mandatory , but the true nature of this ethics is that they are those that are optional activities that should be undertaken by business to enhance the value of the organization . A confusion between corporate philanthropy and corporate social responsibility can arise...