Business Ethics from Profit domain Essay Example | Topics and Well Written Essays - 1000 words

Business Ethics from scratch domain - Essay ExampleBusiness Ethics from Profit domainBusiness morals is bear on with how traffices relate with the globe at large as well as their one-on-one relationship with their soulfulness customers. Most stemma across the globe has earned bad reputation as a egress of just being in the world of telephone line. In the eyes of most people, the bottom line of occupation in making specie, and this action is referred to as capitalism. Indeed, it is not wrong to suck a means of generating money in the billet world, but the manner in which it is being done is what counts, hence, a concern in transmission line ethical behavior. It is conflicting to resolve the existing tension between a philosopher who believes in ethics in business and a money minded business owner. To fine the conflict the paper impart look at three different ways that provide lead the business world into business ethical standards (Chryssides and Kaler, 12-13). Business Ethics from Profit domain There has been an argument that business and ethics have a symbiotic correlation in which naturally ethics emerges from the businesses which are profit oriented. As a result of this, on that point are two ways of explaining the ethical standards. One, the application of good ethics in the business results to successful business. In general, it means that when businesses practice moral standards, they earn profits. However, this is not usually the theatrical role for instance, making of safe products is profitable since product liability is decreased. In addition, businesses are profitable if employees privacy is respected, since there will be increased motivation hence efficiency. (Hartley, 44), Argues that, the only way a business puke earn long-term interests, its by seeking trust from the public. However, this version has its weakness for instance, most business that upholds moral practice will attain an economic advantage in the long run only. teen sy incentives are provided to businesses that seek profits within a short time. In addition some business morals may not be economically viable whether in the long run or short term. On the other hand, moral business depends on what it is being the product or profit that will earn the business good profit. Therefore, the conflict that exists between business ethics and profits is incidental. The minute way is that, the profit motive in a free market which is competitive will subscribe to about business ethics. Meaning that, if safe products are demanded by consumers, or if employees demand for their privacy, then consumers will purchase from or the individuals would wish to be employed in business that have their demand. It is therefore limpid that, good businesses lead to standard ethics, when business standards are observed by individuals involved in the business it is automatic to attract the consumers. However, the assumption that consumers and employees will demand there ne ed to be met is challenging. The consumers may rely poor products if they are making a saving and the employees will forego their needs if they are balance with high pays. It is important to note that not every ethical behavior in a business will lead to profitability. Business Ethics against laws The other strategy of business ethics is that the ethical responsibility in a business encounters laws constrains. Across the globe, morality from the westernized has been put into legal laws such as harassments, killings and fraud. For