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Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment.
Strasnick, T. (1981) "Neo-utilitarian Ethics and the Ordinal Representation Assumption", in Philosophy in economics, edited by J. Pitt, Reidel Publishing. Luetge C., ed. 2013, Handbook of the Philosophical Foundations of Business Ethics. Heidelberg/New York: Springer, ISBN 978-9400714953
A closely related topic is the question of whether corporations themselves, and not just their stakeholders, have moral agency. [156] Business ethics further examines the role of honesty and fairness in business practices as well as the moral implications of bribery, conflict of interest, protection of investors and consumers, worker's rights ...
Business ethics is the study of moral issues that arise when human beings exchange goods and services, where such exchanges are fundamental to daily existence. [20] A major contemporary issue in business ethics is about the social responsibility of corporate executives. [20]
Additionally, Hicks has published articles and essays on a range of subjects, including entrepreneurism, [4] free speech in academia, [5] the history and development of modern art, [6] [7] Ayn Rand's Objectivism, [8] business ethics [9] and the philosophy of education, including a series of YouTube lectures.
A business may approach a professional engineer to certify the safety of a project which is not safe. While one engineer may refuse to certify the project on moral grounds, the business may find a less scrupulous engineer who will be prepared to certify the project for a bribe, thus saving the business the expense of redesigning. [8]
Ethics (also known as moral philosophy) is the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. [1] The field of ethics, along with aesthetics , concern matters of value , and thus comprise the branch of philosophy called axiology .
Ethical idealism, [1] which is also referred to by terms such as moral idealism, [2] [3] principled idealism, [4] and other expressions, is a philosophical framework based on holding onto specifically defined ideals in the context of facing various consequences to holding such principles and/or values.