Business Ethics Case Study Essay Example | Topics and Well Written Essays - 1750 words

Business Ethics Case Study - Essay Example Business ethics can be varied for different businesses. But it is important for a business to include good ethics. Further, the concerns of business ethics also encompass issues related to the ‘social responsibility’ of business. In this context, ethical theories and principles are relevant in terms of providing adequate insights to the managers on important matters of protecting the overall corporate environment. Ethical theories emphasize the primary objective of reaching ethically correct business decisions. In order to direct the organization to success and gain more competitive advantages, each ethical theory follows a common set of goals known as ethical principles. There are various ethical frameworks used in business that are discussed briefly in the following section. The requirement of an ethical framework is considered relevant for organizations since they are now a significant part of the society and culture. With the ongoing globalization movement in the corporate world, the concept of a multi-cultural workplace is a familiar thing for most organizations. As people from various cultures, societies, communities and working backgrounds assemble under one roof, the cases of unethical conducts, as well as other disapproved performances, are being reported on a more frequent level. The requirement of ethical frameworks is highly demanded in order to make important decisions on determining what is right and what is wrong, what is ethically acceptable or unacceptable for the employees as well as the organization. In other words, an ethical framework should be constituted on the basis of certain ethical values such as justice, responsibility, reasonableness, respect, and safety of workers. The ethical framework is effective in constructing a healthy and cooperative organizational culture.