Moral Aspects Of Business Ethics - 989 Words

Moral Aspects of Business Business Ethics: The buying, selling and trading of goods are practices that have existed from the dawn of creation and will most likely continue until extinction. These customs are comparable to many other necessary established applications and practices. Take for example the complexities of Republics, in theory this form of government is intended to empower the citizens of a nation rather than a single ruler. Its purpose is to promote equality and justice across the nation, however, this moral concept, much like the concepts of good business ethics, is subject to being corrupted. Therefore, it is imperative that fair practices are established, monitored, maintained and penalties for violations are also created and enforced, in order to sustain ethical standards. When considering the morality of profit, in my opinion, if an organization or a sole proprietor is abiding by the standards of good business ethics there is no moral dilemma present. After all, what would be the point of ha ving a business if not to make a profit? It seems to me that most humans are driven by competition, be it an internal or external endeavor. Therefore, if no accolade could be achieved through effort and victory, who would want to engage in competition? In other words, what would be the point of competition if no award was attainable? Therefore, if competition is a tool that drives individuals to train, why would competition amongst businesses not also be as much as anShow MoreRelatedWhy Ethical Responsibilities Go Beyond Legal Compliance. Essay591 Words   |  3 PagesExplain why ethics is important in the business environment. Ethics is important not only in business but in all aspects of life because it is the vital part and the foundation on which the society is build. A business/society that lacks ethical principles is bound to fail sooner or later. 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