It was indeed very interesting to learn about business ethics. Business ethics is referred to as moral guidelines which govern good behavior and doing what is morally right. Businesses are obliged to follow acceptable conduct in business and should have a rough guideline or company policy on how managements make decision. They should decide how the firm is going to give back to the society and how they are going to carry out their social corporate responsibility.

Ethics are different from law. Ethics are about what is morally right and wrong whereas law is about what is lawful and unlawful. A firm that does not abide by the law will be charged in the court whereas a firm that is unethical would not face any legal consequences but will have a poor reputation among the consumers.

The in class reading focused on various ethical issues including having underage labor working for reputable firms like Apple and Nike and unsafe working condition in a mine in Congo. Another article said that a firm’s only social corporate responsibility is to increase its profits. All these articles debate well on the issue of business ethics.

As assignment, we were assigned to write a blog post on any business ethical issue. I read this article that caught my attention and it was about Pfizer, the drug and pharmaceutical company that allowed unauthorized drugs to be tested in the market.