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Craig L. Weng
The University of Redlands
BUSB300 Ethical and Legal Environment of Business [ March 20, 2013 ]
Prof. Jeffery D. Smith

Ethics in business is in fact about following the law. If a business from the top down believes that ethics is a matter of following the law then, that's what needs to be stated in its Standards of Conduct, Bylaws, Governing documents etc..., so that everyone involved or that wants to be involved has a clear and concise understanding as to how the business intends to conduct its day to day activities from the board members to the janitorial staff. With that, there comes a certain feeling of commitment. A commitment not only to keeping your companies' profit margin up, but a commitment to the employees who got your company to that bottom line and beyond, to the community that allowed your company to root itself with the hopes of hiring it's residents and boosting their economy as well as the shareholders and senior managements bottom line. I believe that ethics in business is more than just following the law. It's about caring how you conduct your business and caring more about the business a whole vice just the financial aspect. Ethics: the moral values and principles used to make evaluative judgments about individual conduct and the social arrangements of a community, usually reinforced through cultural norms and social institutions (e.g., family, religion, civil associations, schools, political parties). Aaron Feuerstein, Owner of Malden Mills said it best "I have a responsibility to the worker...I have an equal responsibility to the community. It would be unconscionable to put 3,000 people on the streets and deliver a death blow to the [the city of Lawrence]" (Boatright, p.275). Here is a man who risked everything to ensure the community he started his company in, the employees that worked for him were

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