Sample Essay on:
Ethics and Business

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Essay / Research Paper Abstract

A 4 page paper that considers the statement: "ethics has no place in business" and relates this statement to a discussion of companies and multinational operations.

Page Count:

4 pages (~225 words per page)

File: D0_Buseth.doc

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Unformatted sample text from the term paper:

embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently brings about unethical behavior. In order to consider this statement and its implications, it is necessary to recognize the ethical decision-making processes of a number of companies, and reflect upon the fiscal, organizational and operational implications of ethical choices and then relate this process to the perceived outcomes if the opposite choices were made. As an element of this evaluation, it is also necessary to consider the nature of morality and the progression of moral underpinnings for business operations and the implications as companies expand into multinational arenas. Ethics can be described as: "the activity of examining ones moral standards or the moral standards of a society, and asking how these standards apply to our lives" (Velasquez 11). The application of ethics in business is generally perceived as the evaluation of individual and collective moral standards, a reflection of societal morality, and then the determination of business decisions that are not only based on the efficacy of business operations, but also on these moral standards. The problem that many corporations perceive when pursuing the application of ethics in business is that ethical choices are not always the most sound business decisions. For example, when the pharmaceutical corporation Merck discovered that they could research and develop a drug that would end river blindness in millions of people worldwide, but that there would be no financial benefit and high costs involved with this process (especially because those who need the treatment are members of the poorest communities in the world), the ethical choice to pursue this drug had clear implications in terms of business efficacy (Velasquez 3). But unlike many corporations, Merck recognized a moral obligation reduce the ...

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