Chapter 5: Ethics of Business: The Theoretical Basis
5.1 – Introducing the Ethics of Business
Ethics has always been a concern for society, and businesses are no different.
To some extent this has been the result of the traditional view of free
o Alleging that profits are the only motivating force for business
o Business activity requires and rewards deception
o Business innovations the law
o Businesspersons and managers manipulate others
o Business leads to materialism
Business ethics is difficult to define, as it is apparently means different things to
5.2 – Assessment of Ethical Implications in Business Decisions
The three levels of assessing ethical implications are: awareness,
assessment based upon influences, and assessment based upon ethical
Managers with a moral approach to us thanks disregard all moral
responsibilities when making decisions.
In order to assess ethical implications there must be an awareness of ethics.