Rarely is there the person who does not encounter an moral or ethical dilemma in some unspecified time in the future in his or her business life. To deal with this query, social accountability advocates set out in the 1970s to create a model-new managerial self-discipline: business ethics. Understanding business ethics supplies a manner for people to resolve ethical dilemmas, as well as to garner a respect for honesty, development of trust, a way of fair play, and human dignity issues.
My sense is I’ve digressed to a separate subject (relationships) which merits additional consideration on its own – but within the context of the period of obligation, it is significant to notice that an “ongoing” obligation arises by means of repeat transactions – it is not separate and unbiased of the person transactions.
Andrew Stark is assistant professor in the Faculty of Administration at the University of Toronto and analysis affiliate on the university’s Centre for Company Social Performance and Ethics. Many individuals don’t realize it, but an ethics program covers a wide range of business departments, similar to planning, management, analysis, growth, human resources, and advertising, as well as quite a few different firm specific departments.
Business in Politics: Lobbying and Company Marketing campaign Contributions”, in G.G. Brenkert and T.L. Beauchamp (eds.), Oxford Handbook of Business Ethics, New York: Oxford University Press, pp. 501-532. A few business ethicists have used the same sort of reasoning to criticize firms that attempt to create incentives to encourage ethical behavior on the part of their employees.
That is, it is not clear whether or not prosocial behavior by firms causes them to be rewarded financially (e.g., by customers who value their behavior), or whether monetary success causes corporations to engage in more prosocial behaviors (e.g., by releasing up assets that will otherwise be spent on core business features).