You are right about some things and you are wrong about others. Why choose what is considered bad instead of what is legal? There is also not enough logic. Morality is about desirability, not what is considered bad. You can`t just pick the majority because there are too many different ideas about ethics. If people thought it was okay to kill or steal, would that be fair? Let`s say when the majority voted for people to murder or something because they were bored, because it was a psychopathic society? No, it would always be wrong, because it`s worse for that person. It`s worse to die than to be bored, so the psychopath can do without it. They are simply selfish, even if they are the majority. The majority can be selfish. Because everyone is important and everyone counts. Interracial marriages were considered bad, and it`s not immoral. Would you consider that immoral? What is your reasoning? Why do you think it is the majority? Just not thinking about it? To understand the gap between business ethics and the concerns of most managers, it is worth remembering how managers and management academics thought about business ethics before it became a formal discipline.

In fact, much of the research and writing in contemporary business ethics can be understood as an angry reaction to how ethical issues were generally handled in business schools – particularly to traditional answers to the fundamental question: Why should managers be ethical? Ethical standards refer to a set of values developed by the institution`s founders to guide the organization`s behavior. Decision making can be supported by referring to the code provided here. Organizational culture relies heavily on these standards. They set out the expectations of owners and senior managers regarding the behavior of employees and suppliers, at least in the context of the relationship between the two parties. These principles are widely disseminated and strictly applied within a corporate governance framework. Leaders can foster a positive work environment by setting an example for lower-level employees. Most ethical companies aim to develop the moral courage, moral beliefs, and moral efficacy of their employees. Violations of ethical standards may result in fines, exclusions or other sanctions for the appropriate counsel.

Since paralegals are not called to the bar, the lawyer or firm they worked for is usually held responsible for their actions. Another similarity is that legal and ethical standards help society as a whole. The legal norms are there to allow the authorities to punish offenders so that people have some kind of security. Ethical standards exist for the same reason. Both are there to help people feel safe and prevent people from being hurt by others. Second, they argue that even if “doing good” is in the best interest of the company, actions motivated by such self-interest really cannot be ethical. Moral philosophy tends to value altruism, the idea that an individual should do good because it is right or benefits others, not because the individual will benefit from it. For many business ethicists, motivation may be altruistic or self-serving, but not both. A participant in a symposium entitled “Does Good Ethics Make Good Profits?” (recently sponsored by Business and Society Review) put it this way: “Being ethical as a company because it can increase your profits means doing it for a completely wrong reason.

The ethical company must be ethical because it wants to be ethical. In other words, business ethics means acting within the company for non-commercial reasons. For example, if managers voluntarily take socially responsible measures that go beyond the minimum required by law (e.g., in environmental protection or anti-discrimination policy), they tend to prevent social criminal regulation. As business scientist E. Merrick Dodd, Jr. noted in a 1932 Harvard Law Review article, the goal of ethical management is to “capture every new mind” and embody it in voluntary norms “without waiting for legal coercion.” Or, as Berkeley professor Edwin Epstein recently succinctly put it: “ethical minds beyond the law.” To answer this question, social responsibility advocates set out in the 1970s to create a whole new management discipline: business ethics. One idea was to bring experts in moral philosophy to business schools. Training in moral philosophy would provide corporate ethicists with the analytical framework and conceptual tools to make fine ethical distinctions and discern the appropriate path in difficult ethical situations. Once “converted” to management, moral philosophers were able to apply their sophisticated frameworks to the day-to-day moral problems faced by managers. Should the health care industry have different ethical standards than other industries because lives are at stake? Or should ethics guide business decisions more than profitability, regardless of industry? Experts say that companies with high ethical standards get more long-term benefits because they have better branding, greater customer loyalty, and higher productivity of loyal employees.

Companies with low ethical standards may make financial gains in the short term, but they may also damage their reputation in the long term. Just look at what happened to Valeant Pharmaceuticals, which is trading at $24.56 today, down 91% from last year. Not so long ago, the law in the South stipulated that blacks had to sit in the back of the bus. Legally, but not ethically!!! We need you now that Trump uses it as a justification for not parting with himself as a businessman as president.