Rarely is there the individual who does not encounter an ethical or moral dilemma at some point in his or her business life. But even in these instances, an object is still merely dangerous – if any question of ethics arises, it is generally asked of the person who designed the object, or the person who uses it, or of the person who provides it to another to be used. Corporations that ultimately depend on these athletes have a responsibility to do whatever they can to protect them from the pressure to dope. Perhaps The main ethical problem here from a business perspective is that of conflict of interest.

Some distinction is to be made between the customer of a business (the individual who tenders payment in exchange for a good) and the consumer of the product (the individual who consumes or uses the product purchased) – especially since the contract exists between the business and the customer, but not between the business and the consumer. By holding a common universal moral principle, business practices or transactions can avoid practices that are harmful to parties, society and environment.

The point here is that in baseball — as in business — people on opposing teams” aren’t supposed to get along. In doing so, they act as individuals – and while the business may ultimately be held accountable for their behavior, it cannot accurately be stated that their actions are driven by the purpose of the business. Primarily, relationships entail a sequence of transactions between two parties, as previously considered In some instances, the serial transactions and the recurring obligations that arise are the only basis for the relationship, and the only responsibility of one party to another.business ethicsbusiness ethics

In this regard, it is reasonable to assert that the expectations of each party constitute an obligation on the part of the other party to undertake the responsibility to ensure the uniformity of the transaction to previous experience, or to provide information to the other party if it is foreseen that it will be different than before. Such statements invite the respect of all parties involved in doing business with such an entity. Phillips, R. & J.D. Margolis, 1999, Toward an Ethics of Organizations”, Business Ethics Quarterly, 9(4): 619-638. The Opus College of Business has one of the largest business ethics faculty in the world.business ethics

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. To introduce students to the theories and practices of business ethics and social responsibility in national and global contexts. Business analysts agree that Starbucks is a widely respected company because of its commitment to social responsibility.