Draft:Outline of business ethics

The following outline is provided as an overview of and topical guide to business ethics:

Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business.

What is business ethics?

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Business ethics can be described as all of the following:

  • Branch of philosophy – study of general and fundamental problems concerning matters such as existence, knowledge, values, reason, mind, and language.
    • Branch of philosophy of business – considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, and the moral obligations that pertain to it.
    • Branch of ethics – branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Branches of business ethics

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History of business ethics

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General business ethics concepts

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Business ethics organizations

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Business ethnics publications

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Persons influential in business ethics

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  • Peter Drucker - A pioneer in management theory, Drucker emphasized the importance of ethics in business practices. His book The Effective Executive discusses the role of ethics in effective management.
  • R. Edward Freeman - Known for stakeholder theory, which argues that businesses should consider the interests of all stakeholders, not just shareholders. His book Strategic Management: A Stakeholder Approach outlines this perspective.
  • Milton Friedman - Known for the Friedman Doctrine, which posits that the primary responsibility of business is to maximize profits for shareholders. A notable book by Friedman on this topic is Capitalism and Freedom.
  • Michael Porter - A leading authority on competitive strategy and business ethics. His book Competitive Advantage includes discussions on ethical practices in achieving business success.
  • John Rawls - A philosopher whose work has influenced business ethics, particularly through his theory of justice. His book A Theory of Justice explores the principles of fairness and equality.
  • Amartya Sen - An economist and philosopher who has written extensively on welfare economics and ethics. His book Development as Freedom discusses the ethical implications of economic development.
  • Joseph Stiglitz - An economist who has critiqued market practices and their ethical implications. His book The Price of Inequality discusses the ethical dimensions of economic disparity.

See also

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References

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