Discussion – Business Ethics

Discussion – Business Ethics

Business ethics has developed significantly over the past decade. There are various factors that have forced businesses to be better at managing their business ethics. The dimension that has had the most influence on business ethics in the past decade is the development of more complex situations that lack sufficient guidelines.  There have always been laws and common ethical guidelines that businesses follow to guide decision-making. However, in the recent past, many changes have occurred in various aspects of life.

An example is the change in cultural values. Ethics in business is highly influenced by the individual values that people bring into the business. The high rates of globalization have caused the mixing of cultures, and sharing of values between different kinds of people (Carroll & Buchholtz, 2014). Therefore, this has caused different views on what people believe to be right and wrong. This is one of the reasons why managing ethics has become more challenging. There have also been new developments in business causing the development of new problems that did not affect organizational ethics in the past (Carroll & Buchholtz, 2014). For instance, the decision to determine whether to replace human job roles with machines is one ethical issue that was non-existent decades ago. Therefore, businesses have to update their ethical rules and guidelines according to the changes that occur.

In conclusion, business ethics is always changing. This change is significantly affected by changing dynamics within and outside the business world. Therefore, businesses that want to maintain positive ethics must pay attention to the changes in the world and use them as guidelines in their ethical decision-making within their businesses. Using society as a guideline for ethical decision-making helps businesses to develop guidelines that are considered ethical by the majority of society.

References

Carroll, A., & Buchholtz, A. (2014). Business and society: Ethics, sustainability, and stakeholder management. Nelson Education.

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In this unit, you are learning about business ethics through the view of stakeholders. You examine how they manage issues in their environments.

Based on your experience, which dimension do you think has influenced the biggest changes in business ethics over the last decade? Has it been:
•Individually unethical persons?
•More complex situations without sufficient guidelines?
•Inadequate laws?
•Unreasonable organizational goals?

Offer your opinion and substantiate it with at least one example. Cite at least one reference you believe provides evidence that the factor you chose has most influenced our current standards.

Post your response in this discussion. Refer to the Discussion Participation Scoring Guide for posting expectations.