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Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise [link widoczny dla zalogowanych] in a business setting; and any special duties or obligations that [link widoczny dla zalogowanych] apply to persons who are engaged in commerce. Generally speaking, business ethics is a [link widoczny dla zalogowanych] normative discipline, whereby particular ethical standards are advocated and then applied.
It makes specific judgments about what is right or wrong, which is to say, it makes claims about what ought to be done or what ought not to be done. While there are some exceptions, business ethicists are usually less concerned with the [link widoczny dla zalogowanych] foundations of ethics (meta-ethics), or with justifying the most basic ethical principles, and are more [link widoczny dla zalogowanych] concerned with practical problems and applications, and any specific duties that might apply to business relationships.
Business ethics can be examined from various perspectives, including the perspective of the employee, the commercial enterprise, and society as a whole. Very often, situations arise in which [link widoczny dla zalogowanych] there is conflict between one and more of the parties, such [link widoczny dla zalogowanych] that serving the interest of one [link widoczny dla zalogowanych] party is a detriment to the other(s). For example, a particular outcome might be good for the employee, whereas, it would be bad for the company, society, or vice versa. Some ethicists see the principal role of ethics as the harmonization and reconciliation of conflicting interests.
Ethical issues can arise when companies must comply with multiple and sometimes conflicting legal or cultural standards, as in [link widoczny dla zalogowanych] the case of multinational companies that operate in countries with varying practices. The question arises, for example, ought a company obey the laws of its home country, or should it follow the less stringent laws of the developing country in which it does business? To illustrate, United States law forbids companies from paying bribes either domestically or overseas; however, in other parts of the world, bribery is a customary, "accepted" way of doing business. Similar problems can occur with regard to child labor, employee safety, work hours, wages, discrimination, and environmental protection laws.
Business ethics should be distinguished from the philosophy of business, the branch of philosophy that deals with the philosophical, political, and ethical underpinnings of business and economics. Business ethics operates on the premise, for example, that the ethical operation of a private business is possible -- those who dispute that premise, such as libertarian socialists, (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
The philosophy of business also deals with questions such as what, if any, are the social [link widoczny dla zalogowanych] responsibilities of a business; business management theory; theories of individualism vs. collectivism; free will among participants in the marketplace; the role of self interest; invisible hand theories; the requirements of social justice; and natural rights, especially property rights, in relation to the business [link widoczny dla zalogowanych] enterprise.
Business ethics is also related to political economy, which is economic [link widoczny dla zalogowanych] analysis from political and historical perspectives. [link widoczny dla zalogowanych] Political economy deals with the distributive consequences of economic actions. It asks who gains and who loses from economic activity, and is the resultant distribution fair or just, which are central ethical issues.
Copyright 2007 Ismael D. Tabije
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