To view your Unit Outline, click View to log in to MyUC and access this information, or visit your Unit’s Moodle site. It concentrates on moral standards that the system of business, business organizations, and individuals with in the business organizations and individuals who deal with business organizations have to evaluate and follow in their day to day dealings and decisions. Ultimately, we refer to actions as being ethical or unethical, but every action is preceded by a decision and it is only here that ethics can have a meaningful impact.business ethicsbusiness ethics

The most common case types were bribery/corruption (19%) and employee relations (19%), followed by a range of other matters, including allegations regarding fraud and substance abuse. And again, if there are no consequences, there is nothing for ethics to consider in determining the nature of the action in terms of good or evil. I will provide you with ways to make good ethical choices, along with some examples of how business’s made some terrible decisions.

The latter seeks to have a single interaction, as it has no future interest in the consequences to the customer of the present transaction, whereas the former realizes it must satisfy the customer as a means of obtaining their future business. However, returning to Maslow’s hierarchy of needs, our social connections to others may be perceived as a third-level need of our own. In relation to individual issues, business ethics are ethical questions raised about a particular individual within a company. Business ethics can be studied at three levels: systemic, corporate and individual.

While there are some exceptions, business ethicists are usually less concerned with the foundations of ethics (meta-ethics), or with justifying the most basic ethical principles, and are more concerned with practical problems and applications, and any specific duties that might apply to business relationships. I don’t believe in them just because they’re the right way to behave – although of course, given the title of this blog, I do think the ethics of such behavior is important – but also because they’re the smart way to behave. But businesses can also impact society by trying to solve social problems and by using their resources to influence states’ laws and regulations.business ethics

Hanson is a graduate of Stanford University and the Stanford Graduate School of Business. We welcome contributions which use post-structural and post-foundational approaches, such as those informed by the work of Oliver Marchart, Ernesto Laclau, Emmanuel Levinas, Michel Foucault or Jacques Derrida, to pose new and intricate questions about the (im)possibility of business ethics under conditions of contingency and contestation. Thus far, I have considered ethics only in the negative view – that which is wrong, evil, or harmful.