Free Essay

Business Ethics

In:

Submitted By manchas21
Words 2006
Pages 9
Business Research Ethics
“Ethics are norms or standards of behavior that guide moral and choices about our behavior and our relationship with others” (Cooper & Schindler, 2011, p.). When a business conducts a research, the business uses ethics to guarantee that no individual will be hurt or suffers from the consequences from the research. When a business is planning a research, some of the ethics a business must consider are to: protect the rights of the individual, follow the ethical standards, and to ensure that the information that is acquire is ethical. The purpose of the research is not to allow any type of physical harm, discomfort, pain, embarrassment, and the loss of privacy (Cooper & Schindler, 2011). According to “Copper & Schindler” (2011), “Many corporations, professional associations, and universities have a code of ethics.” Ethics are an important part for a business and researcher when conducting a research, but sometimes ethics are violated. Some of the ways a business or a researcher may violate the ethical standards are by violating an individual’s confidentiality, and changing data, or creating false data. Unethical research behavior does not only affects the business but can also have an effect the individual(s) participating in the research.
Pfizer and Parke-Davis who are a pharmaceutical companies and Dr. Potti who studies cancer and works at Duke University are an example of how organizations can be part of an unethical behavior. Because of their unethical behavior not only their organization suffers but also the participants may be affected by it.
The purpose of the pharmaceutical companies is to develop safe drugs and use them to treat ongoing diseases and new ones. With the use of these drugs many people will be able to treat their disease to have a healthier lifestyle. With the demand of new drugs to cure or treat new diseases, many pharmaceutical companies may violate their code of ethics, and make money their first priority instead of finding a cure for a disease.
One way pharmaceutical companies can violate their code of ethics is by skewing the information about their drugs. In the case of Neurontin, manufactured by Pfizer and Parke-Davis Neurontin is the brand name of the gabapentin drug (Ramirez de Arellano, 2009). The Food and Drug Administration (FDA) approves Neurontin to treat people who have epilepsy and post-herpetic neuralgia. Besides treating epilepsy and post-herpetic neuralgia, Neurontin also can be use for off-label uses to treat some diseases that the FDA does not approve like migraines, restless leg syndrome, and bipolar disorder. Also, some physicians would prescribe Neurontin for off-label uses to people who suffered from insomnia and hot flashes.
With time, the sales of Neurontin for off-label uses increased to $2.7 billion in 2004. The increased of the sales were because of physicians prescribing Neurontin for off-label uses for their patients. Pfizer was urging physicians to prescribe Neurontin for off-label uses that were considered illegal, and Pfizer was fined $430 million in criminal fines and civilian penalties. The Food and Drug Administration do not approve the uses of off-label uses, and pharmaceutical companies like Pfizer want to have the approval of these off-label uses. With the approval from the FDA, Pfizer will be able to broaden the drug’s market, but without the approval promoting or advertising off-label uses is prohibited (Ramirez de Arellano, 2009). In addition with the approval of the FDA pharmaceutical companies will be able to publish their studies that claimed the benefits of their drugs.
When pharmaceutical are determined to prove that their products are safe and effective, sometimes they become part of unethical practices. Some pharmaceutical companies are willing to manipulate their own trial data to manufacture good results to make their ineffective and unsafe drug seem safe and effective (Benson, 2010). A recent report from BCC, the report explains that in some countries pharmaceutical companies are not required to submit their entire safety data in their journals when submitting it. Without requiring drug companies to publish all of their safety data, these companies can submit information that only provides only what seems to be positive data and hide the negative data. “Pharmaceutical companies can manipulate their own trial data to manufacture good results” (Benson, 2010).
In a legal case against Neurontin, Pfizer and Parke-Davis used some strategies to cover up some unfavorable findings from their research. When their strategies were uncovered in 2008, Pfizer and Parke-Davis detained reports where it proved that there was no evidence of the drug’s efficacy, their negative data was reinterpreted, and the grouping of negative and positive studies to counterbalance the results. According to “Ramirez de Arellano” (2009), “In some cases, legitimate researchers saw their findings rewritten and recast to, in the words of one of company’s medical writer, to make [the overall picture] sound better than it looks on the graphs.” Pfizer and Parke-Davis were skewing information on off-label uses of Neurontin. They manipulated their data to support their findings, and failed to report any negative outcome from their findings. When pharmaceutical companies skew or manipulate their findings on a drug, people who take Neurontin for off-label uses are endangering their lives. The FDA does not approve Neurontin for off-label uses because Pfizer and Parke-Davis cannot prove the efficacy of the drug and that it is safe for the patient.
Because of the unethical practices committed by Pfizer and Parke-Davis people may start to lose the trust they have on science and the studies that have been published.
To avoid unethical behavior, pharmaceutical companies must document their outcomes when modifying their findings. All of the changes in a research must be documented and be included in the reports that have been published on the clinical trials. “In the U.S., drug companies are supposed to publish all trial data, but it is not a requirement in the U.K. Though many in the U.K. are working to make it a requirement, drug companies will likely continue to manipulate that trial data either way” (Ramirez de Arellano, 2009).
“Dr. Potti became the face of the future of cancer treatment at Duke University, offering patients a better chance even with advanced disease” ("Cbs News", 2012). People who have cancer go through chemotherapy, and it can be tough, debilitating, and dangerous for them. Dr. Potti worked in an experimental treatment where patient’s genetic makeup is matched to chemotherapy. When Dr. Potti was behind of this experiment other scientist verified the results of this experiment and found many problems and errors in it. In an investigation, CBS News reveals that the treatment for cancer that was developed at Duke University was a failure and a fraud.
At Duke University, there was an announcement that they had discovered how to match a patient’s tumor to the best chemotherapy drug ("Cbs News", 2012). Every person’s DNA is distinctive, so every tumor must be different and what may work for one patient may not work in another. People who have cancer see this experiment as hope, and may be their last resort.
According to "Cbs News" (2012), "In 2010, we learned that the new method was a failure. But what isn't widely known, until tonight, is that the discovery wasn't just a failure, it may end up being one of the biggest medical research frauds ever - one that deceived dying patients, the best medical journals and a great university.” Dr. Potti was committed to fight and find a cure for cancer; he was part of a commercial for Duke University that claimed where there have made a discovery that will change how people view medicine.
Dr. Potti was born in India, he was known as a modest and a hard worker. In 2003, he first did research at the University of North Dakota and than in Duke University. Potti’s goal was to tell a cancer patient that he is there to treat his or her particular cancer. Dr. Potti worked in the lab of Dr. Joseph Nevins, and in this lab he decoded the genetic makeup of hundreds of tumors. In the research, there were created huge computer files of data from the hundreds of tumors that were decoded. With this discovery many doctors wanted to started using this discover to save lives, but Kevin Coombes and Keith Baggerly from MD Anderson Cancer Center in Houston decided to analyze the data to verify the results of this experiment. As Keith Baggerly started to process the results, him and Kevin Coombes noticed that something was odd and could not explain it.
Coombes and Baggerly are experts in the type of data that Dr. Potti’s created in his research. They both email their questions to Dr. Potti and Duke University stating that they were a few clerical errors, but Dr. Potti informed them that his new work confirmed his results to be right. Drs. Nevins and Potti started a company where patients can enroll in the clinical trial so that their tumors could be surgically biopsied to be matched with the best drug, but at MD Anderson, during months of analysis, Baggerly and Coombes kept finding errors that they thought were alarming. ("Cbs News", 2012). When Baggerly and Coombes analyzed this experiment they kept finding errors after and error, this led them to suspect that Dr. Potti reversed some of the data. If Potti reversed some of the data this could mean that some Potti’s patients could have gotten not the best but the worst drug for their tumor. If patients are receiving the wrong drugs this can harm them. With this information, Baggerly and Coombes concluded that this discovery is worthless.
Dr. Nevins thought that him and Dr. Potti addressed the issues that were brought up to them, but other researchers at the National Cancer Institute also had trouble with the data. With all of the researchers doubting Dr. Potti’s work, Duke Univeristy suspended the enrollment of new patients, but after reviewing the analysis of the experiment that an outside committee conducted Duke University reopened the enrollment because the Dr. Potti was right about his work. Within time, Dr. Nevins discovered that Dr. Potti changed the data that was under investigation because it did not approve this theory. With the discovery of the data being changed, Dr. Nevis only explanation for this was that data was manipulated. Patients who enrolled in the clinical trial were told that there was an 80% chance that exactly drug for their tumor would be found, and it was not true.
Juliet Jacobs was a patient of Dr. Potti and was told that the chance of her receiving the right drug was approximately 80%. Walter Jacobs, Juliet’s husband asked Dr. Potti why was the clinical trial suspended, but Dr. Potti ensure them that this experiment was going to help her. Juliet Jacobs had Stage IV lung cancer, and she saw this clinical trial as her last chance. For Juliet, Dr. Potti’s research promised her the right drug for her right now. Unfortunately, Juliet Jacobs died three months after she enrolled in the clinical trials.
Because of Dr. Potti’s unethical behavior, he resigned from Duke University and was investigated for misconduct in his research. According to "Cbs News" (2012), "Dr. Potti’s; my primary concern at all times is and will be the care of patients and seeking new ways to treat cancer." To avoid an unethical behavior like this to happen again is to implement new procedures, and not to oversee an experiment when other experts in the field have many questions and doubts about the experiment or research.
When conducting a business research it is important always to go by the standards of ethics. Ethics are meant to protect the organizations conducting a research, and the individuals participating in the research from unethical behaviors. Sometimes unethical behavior may not be able to be prevented or avoided, but by punishing individuals who have committed any unethical behavior will prove that when violating the code of ethics there will be consequences.

Similar Documents

Premium Essay

Business Ethics

...According to International Business Ethics Institute, understanding business ethics can be problematic in the sense that, this field is vast, often encompassing many concerns such as corporate governance, social responsibility, reputation management, accurate accounting and audits, fair labor practices and environmental stewardship to name a few. Moreover, it generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders like clients, employees, shareholders, suppliers and the community. To simply define business ethics, it is a form of applied ethics where it inculcates a sense within a company’s employees on how to conduct business responsibly. Business ethics seems easy to understand but when you get to the real one, you could find yourself in a confusing situation. Since the term ethics can pose many definitions in a broad context and it can be difficult to find a common understanding of the term, hence, most companies refer the concept of the term ethics as integrity, business practices or responsible business conduct. After you have known the basic definition of business ethics, you would now begin to know the business ethics of a chosen company. This paper aims to give some views on how Hewlett-Packard, an international company which provides mostly computer technologies worldwide, imposes their generally-established business ethics which means to say that it is enforced to their branches all over the world. Hewlett-Packard...

Words: 297 - Pages: 2

Free Essay

Business Ethic

...Ethics and Integrity in Multinational Companies Silvia Delia OLARU Spiru Haret University, Bucharest, Romania E-mail:olarudelia@yahoo.com Phone: + 40213169793 Elena GURGU Spiru Haret University, Bucharest, Romania E-mail:elenagurgu@yahoo.com Phone: + 40213169785/88 – ext.151 Abstract The good news for multinationals is that globalization is creating more universal standards of business conduct, and these are becoming more rigorous. As more companies adopt these standards, it becomes increasingly important for every multinational to establish companywide core values, standards of behavior, and relevant policies in tune with the rest of the world's ethics and compliance environment. The benefits of an ethical culture outweigh the costs. Globally ethical companies will be those that maintain a strong reputation in all their markets, experience increased employee commitment and loyalty, garner advantages in attracting and retaining customers, and generate superior levels of performance and success. Keywords: globally ethical companies, business conduct, ethical culture, professional standards, corporate code of conduct Introduction Companies operating in foreign countries find that understanding and complying with variant laws, managing employees far from headquarters, serving customers and relating to suppliers and partners in multiple jurisdictions can introduce significant challenges to developing shared corporate values and realizing a truly global culture. Multinational...

Words: 2644 - Pages: 11

Premium Essay

Business Ethics

...Christian Hufford Ethical Issues in Business Business Ethics BA 338 Business Ethics Unit 4 Individual Project August 5, 2014 Professor Loschiavo Pyramid schemes and Ponzi schemes share many similar characteristics in which unsuspecting individuals are fooled by unscrupulous investors who promise extraordinary returns. However, in contrast to a regular investment, these types of schemes can offer consistent “profits” only as long as the number of investors continues to increase. Ponzi and pyramid schemes are self-sustaining as long as cash outflows can be matched by monetary inflows. The basic difference a rises in the type of products that schemers offer their clients and the structure of the two ploys. Ponzi schemes are based on fraudulent investment management services- basically investors contribute money to the “portfolio manager” who promises them a high return, and then when those investors want their money back they are paid out with the incoming funds contributed by later investors. The person organizing this type of fraud is in charge of controlling the entire operation; they merely transfer funds from one client to another and forgo any real investment activities. On the other hand, a pyramid scheme is structured so that the initial schemer must recruit other investors who will continue to recruit other investors and those investors will then continue to recruit additional investors and so on. Sometimes there will be an incentive that is presented as an...

Words: 746 - Pages: 3

Premium Essay

Business Ethics

...|BUSINESS ETHICS | |Individual assignment | | | | | |Topic 1: The factors influencing corporate culture | |LECTURER: |Trangdtt | |STUDENT: |Nguyen Thuy Anh | |ID NO. |FB00163 | |CLASS: |BA0601.2 | I. NATURE AND BACKGROUND OF FIRM: The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft...

Words: 984 - Pages: 4

Premium Essay

Business Ethics

...------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- College of Business, Hospitality and Tourism Studies ------------------------------------------------- Department of Accounting ACC601 – Corporate Accounting Trimester 2, 2012 Research Assignment 2, (10%) Instructions: ( For Education students only) Note * This assignment is to be carried out in groups of three. * Students are required to choose only one topic, and write a research report, based on the format given. * The assignment must comply with normal academic requirements. Refer to the course outline and regulation concerned with plagiarism and copying! * The assignment is out of 10 marks and carries a weighting of 10% towards the overall assessment. * Hard copy & soft assignments must be submitted on or before 24th July 2012. Your written assignment submission format * Cover page – ID# and full name of group members * Acknowledgement declaration (if any interviews conducted) * Abstract / Value of research ½ page * Your research topic / company * why you choose a particular company/ topic – Rationale/ value of research * Methodology of obtaining research information 1page * Quantitative/ and qualitative analysis * Introduction1page * What is your topic and briefly discuss about that topic(aims...

Words: 407 - Pages: 2

Premium Essay

Business Ethics

...SUBJECT BUSINESS ETHICS PROFESSOR CYRUS GONDA TOPIC UNETHICAL PRACTISE IN FOLLOWING SECTORS: HOSPITAL GROSSERY HOTEL INFORMATION TECHNOLOGY JOURNALISM GYMNASIUM INTERIOR INSURANCE UNETHICAL PRACTISE IN DIFFERENT SECTORS Hospital No profession is more fundamentally rooted in an ethic than medicine. In the 21st century, almost every young American physician graduates from medical school by reciting some version of an oath of ethical behavior first sworn to by doctors in the fifth century B.C. To be sure, the original formulation by the Greek physician Hippocrates is a bit outdated--starting with its invocation of obscure Greek gods and, among many anachronisms, equating treatment with "dietetic measures" and relegating surgery to barbers. Many medical schools have adopted updated versions of the oath, in which not only the language and concepts are modernized but also considerations such as avoiding overtreatment and factoring the patient's economic well-being into the therapeutic relationship are explicitly included in the pledge. Ethical guidelines are central to medical practice because of what one respondent to ACPE's recent poll of physician leaders summarized as the "inherent conflict of interest" between the physician's role as trusted healer and the physician's role as breadwinner--earning a living from the medical knowledge and ministrations applied Case studies: the legal implications for health care's bad business practices Bad, or unethical,...

Words: 4237 - Pages: 17

Free Essay

Business Ethics

...Our group worked very efficiently and effectively together but there is always room for improvement. When we first met, we divided the project into equal parts and set a due date for the written parts. One thing that we could have worked on would be to have more meetings. We feel that if we met maybe one or two more times, we could have gotten all of our issues with the written parts and presentation out rather than communicating though texting and Facebook. Another aspect our group could have improved on would be communication within our group. Although we all finished our parts on time without any conflict, we never got together to bounce ideas off each other and give each other ideas for our parts. We were just assigned the parts and didn’t discuss them until we put it all together. This could have been beneficial to all of us and maybe make the workload less. Overall, we all agreed that our group worked very well together. We started the assignment when it was given to us and finished our parts on time to the best of our ability. We set deadlines and met all together to discuss what our roles were and our meeting were efficient. It was very interesting to meet new people from different parts of the world and work together with them. It was good for all of us to get out of our comfortable groups and come together with people with different interest and ideas with such diverse cultural backgrounds. It was a very realistic representation of what the real world will be like...

Words: 312 - Pages: 2

Premium Essay

Business Ethics

...1) Yes, I believe that Project Share is altruistic in nature and serves the greater good of man and it is also a good business decision for the company. I have postulated some of my thoughts on the writings of Milton Friedman. While I have no objections to giving back to the community and doing social good, I do believe that a majority of the money, time and effort should come from employee contributions rather than corporate dollars used for funds, grants and scholarships. Companies should limit their direct involvement in these activities using just their brand and influence to raise public awareness to the cause, so long as it is consistent with the companies’ values and beliefs. I also believe it is the firm’s primary job is to focus on delivering the highest possible return of shareholder value. If a company cannot produce a profit, or sustain the shareholder’s appetite, then the possibility of promoting a Project Share cannot exist. Everything in the business revolution is predicated on returning value. I should clarify, that my statements above are based upon the fact the companies in discussion are publicly traded and not private entities. Private entities, which include partnerships, limited liability corporations and other non-traded companies with limited employees and owners who are the sole shareholders, can operate as the social responsibility doctrine as they see fit. 2) Milton Friedman’s, belief was that the one and only one social responsibility of a...

Words: 613 - Pages: 3

Free Essay

Sylabus for Business Ethic

...FACULTY OF ECONOMIC AND BUSINESS UNIVERSITY OF LAMPUNG  MANAGEMENT DEPARTMENT   COURSE  COURSE CODE  SCHEDULE AND CLASS  NAMA DOSEN / EMAIL  WEBSITE / POWER POINT/   TEACHING MATERIAL  BUSINESS ETHICS  EBM 612217 / 3 Credit  BILLINGUAL F103 Room / Friday 13:30 – 16:00 AM  MUDJI RACHMAT RAMELAN, S.E., MBA. / muji@feb.unila.ac.id  Dina Safitri, S.E, M.I.B.  http://silabus.fe.unila.ac.id Business Ethics: Concepts and Cases (7th Edition) 2012 by Manuel G.  Velasquez,  ISBN‐10: 0205017665, ISBN‐13: 978‐0205017669, Pearson  International Edition  2st (even) Semester of 2013/2014    SEMESTER       Course Description    Business ethics course is thinking or reflection about morality in business and economic activities, where  morality is defined as good aspects and / or bad aspects, commendable or reprehensible that the  human behavior is to be allowed or not allowed.    In a business context, the quest for profit is a reasonable component of each business venture, so often  ignored and passed all requirements of morality. The study of business ethics is expected to provide  impact on student behavior as actors of business in the future, so it is expected that the course will  broaden students thinking that will create an actors of economy and business that can hold on to moral  virtues.    Course goal     On completion of course the students will be able to   Knowing and expressing the concept of business ethics both generally and specifically.   Identifies the elements associated with the business ethics...

Words: 484 - Pages: 2

Premium Essay

Siemens - Business Ethics

...sector nationally and in the region. Siemens' overall involvement in the region dates back almost 140 years. The company's name first became known through the construction of the Indo-European telegraph line from London to Calcutta in 1870. Siemens' first office in what is now Pakistan opened in 1922. The Siemens Pakistan Engineering Company Ltd. was founded in 1953 as a private company, and in 1963 the company was reorganized as a public limited company. Introduction and purpose: This Code of conduct (Ethics) of Siemens Pakistan Engineering Co. Ltd. ("the Company") helps in maintaining and following the standards of business conduct of the Company. The purpose of the Code is to deter wrong-doing, promote ethical conduct in the Company and ensure compliance with the legal requirements, the matters covered in this Code are of the utmost importance to the Company, its stakeholders and business partners. Further, these are essential so that the Company can conduct its business in accordance with its stated values and its legitimate interests. Applicability: The Code is applicable to the following persons unless repugnant to the context or specified otherwise in this code: (a)Members of the Board of Directors of the Company; and (b)Senior Managerial Personnel i.e. all members of management at including all functional heads and such other...

Words: 7790 - Pages: 32

Premium Essay

Business Ethics

...BUSINESS ETHICS Name Institution of Affiliation Introduction The business environment is changing to embrace ethical conduct in the performance of duties and activities of individuals in professional setting. Nowadays, companies are exposed to public scrutiny where their corporate social responsibility and social accountability are assessed. A shift towards rethinking the various functions of a business entity to encompass ethics into their daily management activities has been undertaken as entities seek to be market leaders. Business ethics encompasses the relationship the company has with the employees, customers, shareholders and the community. Business ethics is the analysis of business activities and situations where issues pertaining what constitute a right or wrong act are dealt with through institutional processes (Jennings, 2011). Consequently, ethics involves ascertaining good practices from bad practices based on the context of morals. On the other hand, moral conduct is the behaviour exhibited by human beings that can either be right or wrong depending on the context whereas business ethics. Business ethics can be viewed from two distinct perspectives; descriptive ethics and normative ethics. Normative ethics ascribes to the justification of moral systems whereas descriptive ethics depicts what ethical practices are. Ideally, the paper will delve into more details concerning what business ethics entails and the importance of business ethics...

Words: 1492 - Pages: 6

Premium Essay

Business Ethics Assignment

...Higher Education Assessment | School: | Hospitality, Tourism and Sport | Awarding Body: | Lancaster University | Module Code: | TH4MD013 | Programme Title: | Foundation Degree Hospitality and Licensed Retail Management | Occurrence: | 13/15 | Module Title: | Business Ethics and Social Responsibility | Weighting: | 100% | Assessment Title: | Corporate Social Responsibility | Assessment No. | 1 | fds | Tutor Details | Name | Ian Mills | Telephone No. | 504481 | | Email | Ian.Mills@blackpool.ac.uk | Room | SB110 | | Internal Verification (IV)For Staff Use Only | Assessment Brief IVMust be internally verified prior to distribution to students | IV Name: | Beverley Heinze | | | Date: | | | Student Submission IVTo be completed if the assessment submission forms part of the IV sample | IV Name: | | | | Date: | | | Assessment Distribution, Submission & ReturnPlease note that late submissions may incur a penalty as defined within the assessment regulations of the awarding body | Distribution Date: | Monday 19th January 2015 | | Submission Time: | Midnight | | Submission Date: | Friday 15th May 2015 | | Submission Point/Location: | Moodle | | Feedback Week Commencing: | Week commencing Monday 1st June 2015 | | Student Number: | | Student Name: | | | Assessment RecordFor Staff Use Only. All assessment grades are subject to ratification by the College board of examiners and the awarding body. | Grade Awarded:...

Words: 842 - Pages: 4

Premium Essay

Business Ethics

...The success of modern business is apparent, but recently there is much concern in the business-and-society literature and in the general press on whether business fulfils its social role responsibly. Business ethics, corporate social responsibility and corporate governance movements have been developed in recent decades as responses to a growing sense of corporate wrongdoing. This paper attempts to explain why the three movements seem yet to have generated little in the form of widely accepted prescriptions for improvement of business behaviour to the satisfaction of the “constituents” of business, i.e. the major stakeholders. Without denying the usefulness of any of the three movements, the paper suggests that there are weaknesses in all three, especially concerning the way they conceive modern business operation. To this end business pluralism, responsive codes of practice and re-examination of the assumptions (conditions) of business operation could be helpful. In the business literature there is a major strand that celebrates business strength and seeks formulae for success. This strand was manifested in the Scientific Management tradition dating from Frederic Taylor’s work in the early twentieth century (Taylor, 1911) and continued through the Human Relations studies of Elton Mayo that sought to find growth through taking care of the “people dimension” (Roethlisberger and Dickson, 1939). The tradition was further developed following the publication by Peters and Waterman...

Words: 1693 - Pages: 7

Premium Essay

Business Ethics

...Running head: Ethical and Moral Issues in Business * Ethical and Moral Issues in Business MGT/216 * Ethical and Moral Issues in Business * In this paper I will address the following topics: the differences between moral and ethical issues, the differences between business ethics and personal ethics and list some examples of ethical issues in today’s business environment. The line between morals and ethics may seem blurred; however, some differences between the two do exist. Morals are defined as one’s personal values or beliefs. These values are typically established by religious beliefs or family influences. Ethics are defined as guidelines for behavioral standards. These guidelines are usually set in place by a specific group or groups of people. For example, businesses usually have a specific code of ethics that may differ from a religious group’s code of ethics. What is acceptable for one group or organization may be unacceptable to others. Business ethics are defined as codes or guidelines used to govern behaviors and practices within any given company. Typically all companies abide by a written code of ethics. These codes are used to ensure that employees understand and practice acceptable behaviors in the workplace. Usually a company’s code of ethics is influenced by the culture surrounding that business. In the business world, personal ethics will sometimes be put aside for the greater gain of the...

Words: 669 - Pages: 3

Premium Essay

Business Ethics

...on ethics by the Santa Clara University, a number of years ago sociologist Raymond Baumhart conducted a survey asking people about what they think of ethics. The results showed many people linking ethics to their feelings, their religion and standards set by the society (Manuel et al, para. 2). Manuel Velasquez and other authors of an article published by the Santa Clara University on business ethics pointed out flaws in the responses. They believed that feelings sometimes deviate from ethics because a person may feel to do something that is not right (Manuel et al, para. 4). Moreover, they argued that most religions advocate high ethical standards, yet these standards cannot be identified with religion because if they were, they would have only applied to religious people (Manuel et al, para. 5). Finally, saying that ethics are standards that a society set was proved wrong as the standards of behavior in a society can diverge from ethics, considering Nazi Germany which was a society that became morally corrupt (Manuel et al.). This was what ethics are not. Then, what are ethics? Ethics are the well founded standards that are backed up by consistent and well founded reasons. These standards include rights, obligations, honesty, fairness, benefit to society or specific virtues. For example, the rights may include right to life and right to freedom whereas reasonable obligations may include abstaining from stealing and fraud (Manuel et al, para 7). The application of ethics is not...

Words: 3013 - Pages: 13