Business equates profit, while Ethics equates something moral or good. When combined, Business Ethics, produce a very controversial, debatable and overlapping set of ideas, principles and beliefs. Business Ethics does not only look at the effect on the company; more so, it perceives the ripple effect even outside of the organization. Effects on the society, institution, government and the people around us, even the future generation. The basic question is, "How do you remain in business and still be ethical?" The answer is simple, these two should never be treated as to conflict each other. As Ms. Pia stated, "if you choose ethics, money will follow". It is but similar to "doing good to others and others will do good to you." Thus, we should do no harm. Consider that every decision we make, greatly affect ourselves and others. Yes, it is true that Law and Ethics overlap. One should follow and abide by the law; however, not all lawful things are ethical, because, sometimes we tend to twist and bend the law in order to do what we want. The law serves as a guide for us to follow, ethics on the other hand is an act of deciding to do what is good and moral, what is beneficial to the common good. Not just people currently involved in the situation but consider also possible effects to future generations. We must always consider and ask, "is it beneficial to all?" There is also a fine line between culture, business and ethics. Then again, mutual respect should be followed and considered when dealing with cultural differences in business. Nowadays, it is more common to belong to a company with mixed culture. Furthermore, globalization allows us to deal with different people and different culture. We must take time to study and understand what others practice. It is only through this that we can better see where they are and respect what they do. Looking at the CSR Pyramid, we would all want to aim to be at the top of the pyramid and be able to do philanthropic deeds. In the introduction of Business Ethics to this course, I will be considering the different ethical framework to help me weigh my decisions. From Utilitarian to Rights and Duties to Justice and Fairness to Ethics of Care and Ethics of Virtue, these 5 items will help me think about the cause and effect of my decisions and actions. I want to incorporate my learning in the decision I make and in teaching my daughter. Applying and sharing with others what you have learn is a good way to fully understand and get use to with what you are suppose to do. I would like to share a quote I found on business ethics. As leaders, we should set good examples to others, our colleagues and our subordinates. Just like a transformational leader where you influence others to do good and do what is ethical.
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12/16/2017 01:16:14 am
Thoughts on "business analysis organic pesticide" When attempting to analyze the business opportunity in the field of organic pesticide, there are many things an entrepreneur should consider. Many are industry specific like export and language requirements on pesticide labels, while others are similar to any other type of business. It is best to perform a SWOT analysis.
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2/12/2018 10:55:54 pm
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AuthorRLM, daughter, wife, mother, employee and student will blog about her reflections on her BUS560M Class. She hopes to continue this blog after taking-up the course. Enjoy reading! =) Archives
January 2016
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