Importance of Ethics in Business as an Academic Discipline

0.1 OUTLINE OF THIS PAPER This paper is discussed under the following broad areas: Preliminaries 1. Statement of the Problem 2. Executive Summary Main Paper 1. Introduction to Business Ethics 2. Ethics as an Academic Discipline 3. Importance of Ethics in Business as an Academic Discipline 4. The Case Against Business Ethics Education 5. Conclusion 0.2 STATEMENT OF THE PROBLEM Question 1: Discuss the importance of Ethics in business as an Academic Discipline. 0.3 EXECUTIVE SUMMARY In today’s highly competitive, performance-driven business climate, regulations are not enough; professional ethics codes are not enough; the old model of â€Å"business ethics† is not enough. According to a 2003 survey of corporate directors†¦show more content†¦Ã¢â€" ª Ethics is the study and development of one’s ethical standards. It is necessary to constantly examine one’s standards to ensure that they are reasonable and well-founded. ââ€" ª Ethics refers to those standards that impose the reasonable obligations to refrain from behaving in an unacceptable manner, such as rape, stealing, murder, assault, slander or fraud. ââ€" ª Ethical standards include standards relating to rights such as rights to life, the right to freedom from injury and the right to privacy. ââ€" ª Ethics has to do with acting ethically as individuals, creating ethical organizations and governments and making our society as a whole ethical in the way it treats everyone. ââ€" ª Ethics refers to standards of behavior that tell us how human beings ought to act in the many situations in which they find themselves as friends, parents, children, citizens, business people, and professionals. 1.2 Definition of Terminologies associated with Ethics What are the differences between values, morals and ethics? They all provide behavioral rules, after all. It may seem like splitting hairs, but the differences can be important when persuading others. Ethics : Ethics may be defined as: rules or standards governing the conduct of a person or the members of a profession. Ethics tend to be codified into a formal system or set of rules which are explicitly adopted by a group ofShow MoreRelatedEthical And Ethical Aspects Of Business Ethics1350 Words   |  6 PagesMany authors in business industry have provided different definitions for business ethics. Moreover, definition varies for different people and different organizations. In general, Business ethics:-- -is a set of moral values or applied ethics that’s drives the operation of business. It’s more than operating a business under existing laws. There is always a question of morality and this morality of values comes from values held by the society. 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