Rommel Mendieta
Business Ethics
Mr. Noel Sevilla
The importance of business ethics?
Business ethics can be defined as examining issues from a moral point of view in a professional setting. It concerns questions such as the limits a manager can reach for profit, or the social responsibility of corporations. Business ethics emerged in the 70’s, but spread around the world until the 90’s, as a result of globalization. People became more informed as the access to information spread, thus becoming more aware of the issues, and demanding a more ethical behavior from corporations. Different cultures have different views on what is right and what is wrong. For this reason it is hard to find universal values, which makes business ethics more abstract; even more when the playing field is the whole world, due to globalization. From a moral point of view, ethics in this environment in extremely important and necessary. However, it is used as a technique for leadership, marketing, and good public relations; rather than as a way of practicing virtue ethics.
