Question

Please answer each question thoroughly. 1. What is ethics, and what does it mean to “put business and ethics together”? From your vantage point, what would it mean for a company to do this well?

Answer 1

Ans: Ethics is about human welfare, both our own and that of others, Ethics in this sense includes not only an imperative to not inflict harm upon others, but also entails a prescription for excellence. such excellence may be manifested in any number of ways (actions, goals, codes conduct, etc.), and those manifestations may likewise have any number of justifications.

Whether we admit or not, we all "do" ethics the real challenge is whether or not we cando ethics well. 0n this sense, business and ethics are necessarily linked – all businesses allocate harms and benefits for stakeholders, take actions that both express and shape their character, and observe certain standards of conduct. This fact is true both for our personal life and for activity in business. The key question in both cases is whether one can justify their behavior. This is a major challenge and it will involve getting into more detail about the nature of the business to better understand points of tension within and across each of the decision guides.