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The Role of Business Ethics in the 21th Century

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Submitted By money605
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From the early rise of humanity business has been one of the most important aspect for any culture or civilization, from bargaining and trade, to the industrial revolution down to our current time. And each era was dominated by a particular pattern or a way of doing business, as we evolved so did our awareness to our surrounding and how we affect it so companies and corporation all around the world started to care not purely on profit for their shareholders but how they effected the population the environment the culture as a hall, which in its turn led to what is currently known as “social economy” (1).

The social economy phenomena created two types of corporation, first the social kind which are either non-profit or for profit and the goal of their corporations is to improve humanity as much as possible and to help sustain a clean and healthy environment even if this goal overlaps with the goal of making as much profit as possible. ‘Many commercial enterprises would consider themselves to have social objectives, but commitment to these objectives is motivated by the perception that such commitment will ultimately make the enterprise more financially valuable. Social enterprises differ in that, inversely, they do not aim to offer any benefit to their investors, except where they believe that doing so will ultimately further their capacity to realize their social and environmental goals’. Historically the concept of social enterprises has been around for some time now under different names and different tendencies. The earliest use of the social enterprise concept was in 1978 England in “Beechwood College” where the professors there helped workers to develop social auditing …. In the US, the work of ASHOKA was picked up at Harvard, Stanford and Princeton University, and each made contributions to the development of the field of social

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