Which of the following are reasons a business should be managed ethically?

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journal article

Once Again: Why Should Business Be Ethical?

Business & Professional Ethics Journal

Vol. 17, No. 4, Selected Papers from the 1998 Conference of the Australian Association for Professional and Applied Ethics [Winter 1998]

, pp. 39-60 [22 pages]

Published By: Philosophy Documentation Center

//www.jstor.org/stable/27801073

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Journal Information

Business and Professional Ethics Journal is a peer-reviewed forum for interdisciplinary research that explores the systemic causes of ethical challenges in business and professional life. Established in 1981, it originally published articles and reviews with a focus on ethical problems encountered by professionals working in large organizational structures. Over the years it has published special issues in cooperation with a number of professional associations, including the Society for Business Ethics, the Markkula Center for Applied Ethics, the Australian Association for Professional and Applied Ethics, and the Canadian Society for the Study of Practical Ethics. Contributors include leading scholars in business and practical ethics from several countries.  

Publisher Information

The Philosophy Documentation Center is a non-profit organization dedicated to providing affordable and sustainable access to scholarly materials in philosophy, applied ethics, religious studies, classics, and related disciplines. Established in 1966, it publishes essential reference materials, peer-reviewed journals, book series, conference proceedings, and research databases. It hosts a large collection of electronic resources, and provides membership and authenticated online access services for professional organizations in several countries.

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Ethicsare standards for moral behavior, that is, behavior accepted by society as right versus wrong.

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Who sets the standards of right and wrong as defined by ethics? Society

Companies that try to act in a socially responsible way are likely to focus on such activities as:

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What is a reason why business should be managed ethically?

Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers.

What are the reasons to manage ethically?

There are a number of reasons why businesses should act ethically:.
to protect its own interest;.
to protect the interests of the business community as a whole so that the public will have trust in it;.
to keep its commitment to society to act ethically;.
to meet stakeholder expectations;.
to prevent ....

What are the 4 needs for the business ethics?

Need for Business ethics.
Survival of the Business Unit. Unethical practices of businessmen will lead to the closure of business unit. ... .
Growth of Business Unit. Business ethics ensure the growth of a business. ... .
Earning Goodwill. ... .
Improving the Confidence. ... .
Maintaining Inter-relationship. ... .
Solving Social Problems..

What are the 5 importance for business ethics?

An ethical company runs on principles such as honesty, integrity, fairness, trustworthiness, accountability, and respect for others.

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