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Study business online free by downloading OpenStax's Business Ethics textbook and using our accompanying online resources.
In our professional lives, ethics guides our interactions with customers, clients, colleagues, employees, and shareholders affected by our business practices . Should we care about ethics in our lives? In our practices in business and the professions? That is the central question we will examine in this chapter and throughout the book.
In short, to what degree is any code of business ethics conditioned by culture, time, and geography? Given that individuals are responsible only for their own behavior, is it possible for business ethics to be universal?
The three normative theories of ethical behavior allow us to apply reason to business decisions as we examine the result (utilitarianism), the means of achieving it (deontology), and whether our choice will help us develop a virtuous character (virtue ethics).
Access for free at https://openstax.org/books/business-ethics/pages/1-introduction; Citation information. Use the information below to generate a citation. We recommend using a citation tool such as this one. Authors: Stephen M. Byars, Kurt Stanberry Publisher/website: OpenStax Book title: Business Ethics
Our Business Ethics textbook adheres to the scope and sequence requirements of introductory business ethics courses nationwide. We have endeavored to make the core theories and practical concepts of business ethics engaging, relevant, and accessible to students.
Enlightened business stakeholders realize that profit is only one positive effect of business operations. In addition to safeguarding the environment, other ethical contributions that stakeholders could lobby corporate management to make include establishing schools and health clinics in impoverished neighborhoods and endowing worthwhile ...
5.1 The Relationship between Business Ethics and Culture; 5.2 Business Ethics over Time; 5.3 The Influence of Geography and Religion; 5.4 Are the Values Central to Business Ethics Universal? Key Terms; Summary; Assessment Questions; Endnotes
Ethics is a set of moral standards for judging whether something is right or wrong. The first step in understanding business ethics is learning to recognize an ethical issue. An ethical issue is a situation where someone must choose between a set of actions that may be ethical or unethical.
In this chapter, we begin by presenting an overview of the dimensions of business ethics at the individual, professional, and leadership levels, followed by the organizational, societal, and global levels.