(Business ethics is a term which is always mentioned in commercial area. To be more specific, this idea is the “moral principle that guide the way a business behaves” (Business Ethics and Corporate Social Responsibility), and it also helps people determine whether their personal actions is apply to the business or not.
To illustrate, due to the existence of business ethics, therefore it creates the benefit for both merchants and consumers to make right choices. For example, the government established the limitation on working age, hence the company is unable to hire students under the certain age especially during school hours (Government of Ontario). By following this, business ethics not only restrict employers to hire their employees through an illegal way, but it also reminds employees to obey the regulations. Therefore, it clearly states the importance of business ethics at the meantime, which can promote a company with a better reputation in front of the public.
In order to distinguish the different values of each company, the corporation might build their own statements and standards. However, despite that business principles could be listed in many distinct ways, efforts from both employees and employers are always determine whether the company can be successful or not. Therefore, taking care of the employees seems to be another business ethics to the employer as well. According to the article, “Business Ethics and Corporate Social Responsibility”, which demonstrates that most companies in American have the duty to ensure the security and human rights of their employees (Business Ethics and Corporate Social Responsibility). Employees only want to work for a corporation that they trust, and hence it is able to lead the company to be more efficient.
Obviously, business is a widespread term, which means that the company could be linked to agribusiness, industrial, and environmental business. Even if the main purpose of a company is to make a large amount of profits, however, it is not representing that they have the opportunity to expense numerous energies around. A long-term business always needs to consider about others by using their business ethics (Business Ethics and Corporate Social Responsibility). To be more specific, increasing pressures on employees and forcing them to achieve the goal for the whole corporation are the concept against business ethics.
As far as I am concerned, business ethics help consumers to measure the moral and values of each company from a business perspective. To explain, whether a black-market decides to sell marijuana nor not, it depends on his business ethics. As same, business ethics of the consumer help them determine if they should purchase it or not. By following this, business ethics can be measured in numerous ways, but it bases on people’s personal worldviews. Business will not be static, but business ethics can identify whether the company is long-term or short-term.
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References
Business Ethics and Corporate Social Responsibility. (n.d.). Retrieved September 11, 2017, from http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-social-responsibility/what-are-business-ethics.html
Government of Ontario, Ministry of Labour, Occupational Health and Safety Branch. (n.d.). In the Workplace. Retrieved September 11, 2017, from https://www.labour.gov.on.ca/english/hs/faqs/workplace.php