Abstract

Business ethics is a form of professional ethics that examines ethical principles and moral or
ethical problems that arise in a business environment. It applies to all aspects of business
conduct and is relevant to the conduct of individuals and business organizations as a whole.
Applied ethics is a field of ethics that deals with ethical questions in many fields such as medical,
technical, legal and business ethics. In this paper we will consider the factor of business ethics
as an asset for the organization. Form the business point of view each and every organization
tries to achieve the main goal, which obviously is to maximize the profit. But while doing so
these organizations should also consider their moral, ethical and social obligations. If these
obligations are neglected, in the long run it would implicate many devastating results, while
fulfilling those could prove to be a very valuable asset in the long run.

Just Business: Business Ethics in Action

Abstract
Just Business provides the first comprehensive, reasoned framework for resolving questions of
business ethics and corporate governance. Innovative, accessible, and global in scope, its powerful
Ethical Decision Model can be used to manage the ethical problems of business as they arise in all
their complexity and variety. Just Business combines business realism with philosophical rigor, and
demonstrates that it is not necessary to emasculate or to adulterate business for business to be
ethical. The book benefits from Elaine Sternberg's extensive experience as an academic
philosopher, an international investment banker, and head of successful businesses. She is now
Principal of a London-headquartered consultancy firm, and Research Fellow in Philosophy at the
University of Leeds.

Globalization and the Ethics of Business

Abstract
In addressing the theme of this special issue of Business Ethics Quarterly on business ethics in the
new millennium, I want to focusnot on business ethics as an academic field of study but rather on
ethics in business. By ethics in business I mean the standards for ethical conduct that are generally
recognized in business and the ways in which these standards are established. Ethics in business in
this sense is, at least in part, what the field of business ethics studies

Profit maximization: The ethical mandate of business

Abstract

The authors propose a model for business ethics which arises directly from business
practice. This model is based on a behavioral definition of the economic theory of profit
maximization and situates business ethics within opportunity costs. Within that context,

they argue that good business and good ethics are synonymous, that ethics is at the
heart and center of business, that profits and ethics are intrinsically related.

What is business ethics? A reply to Peter Drucker

Abstract

In his What is Business Ethics? Peter Drucker accuses business ethics of singling out
business unfairly for special ethical treatment, of subordinating ethical to political
concerns, and of being, not ethics at all, but ethical chic. We contend that Drucker's
denunciation of business ethics rests upon a fundamental misunderstanding of the field.
This article is a response to his charges and an effort to clarify the nature, scope and
purpose of business ethics.

Business Ethics at Work

Abstract

This book looks at business ethics from the perspective of the business practitioner, but
with the rigour of the moral philosopher. Intended for introductory students of business,
commerce and management studies, Business Ethics at Work begins by setting
business clearly in the context of creating value for its owners, and develops a practical
ethical decision model which can be simply and relevantly applied to the hard moral
choices with which business people are faced day to day. Against this background,
some of the major ethical issues which arise in business are explored, for example, in
human resource management, finance, marketing and advertising, the management of
the environment and corporate governance. In conclusion the book looks at the nature
of ethical audit and argues that for the business of the future, the identification of its
ethical values and their integration into its policies and practices will be a crucial
ingredient of success.

An aristotelian business ethics?

Abstract

Elaine Sternberg's Just Business is one of the first book-length Aristotelian treatments of
business ethics. It is Aristotelian in the sense that Sternberg begins by defining the
nature of business in order to identify its end, and, thence, normative principles to
regulate it. According to Sternberg, the nature of business is 'the selling of goods or
services in order to maximise long-term owner value', therefore all business behaviour
must be evaluated with reference to the maximisation of long-term owner value,
constrained only by considerations of ordinary decency and distributive justice. This
stands in sharp contrast to recently popular 'stakeholder' approaches to business
decision making. I argue that Sternberg's definition of business, particularly in its
maximising and long-term conditions, is flawed, that her teleological method raises more
questions than it solves, and that her Aristotelianism cannot be wedded happily to her
libertarianism.

Ethical business and investment: A model for business

and society
Abstract

Two key questions lie at the heart of the business challenge for business ethics: is it
possible for business and investors to do well while doing good; and if so, how can this
be achieved? This paper adopts an international investment perspective to address
these questions. It demonstrates that it is possible for business and investors to achieve
a triple bottom line of environmental, social and financial performance.A new integrated
model of Ethical Business including an Ethical Scorecard performance measurement
technology is presented based on international ethical investment criteria and case
studies of businesses rated highly by ethical investors. Ethical Performance Scores are
presented for these businesses and New Zealand business. Examples from New
Zealand are presented to illustrate the Ethical Scorecard and ethical business practice.
The model and scoring system provide a basis for international benchmarking of ethical
business to assist investors, managers and researchers.

Business Ethics in Action: Seeking Human Excellence in

Organizations
Abstract

The role of ethics in business -- Business in society : beyond the market and laws? -Cultural diversity and international standards for business -- Ethics, at the core of the
human action -- Individual responsibility and moral judgments in business -- Frequent
ethical issues in business -- The purpose of the firm and mision-driven management -Use and misuse of power -- Human virtues in leadership of organizations -- Ethics in
organizational cultures and structures.

A framework for teaching business ethics

Abstract

What ethical framework should be used as a basis for teaching business ethics? Should
business ethics be taught by ethicists in a separate course, by business faculty in
business courses, or perhaps by both? These are some of the issues this paper will
address. The paper begins with a review of the literature concerning approaches to
teaching business ethics. Next, some ethical frameworks for teaching business ethics
are considered. Finally, the paper proposes that students should apply their own
personal values to business ethical issues in the classroom, thus providing future
business leaders with a process for resolving ethical dilemmas.

Are University Professors Qualified to Teach Ethics?

Abstract

In the light of recent talk in Canadian business schools about the importance of teaching
courses in business ethics, the authors ask whether business professors have the
qualifications required to teach business ethics. They point to various ethical dilemmas
that arise in a collegial setting and argue that academics who teach business ethics

have to first understand the complex ethical situations in which they find themselves if
business ethics is to be taught in a meaningful way