CHAPTER 2: CON’T BUSINESS AND ETHICS
The Importance of Ethics in Business
The study of Business Ethics paves the way for a common ground in our understanding of the
fundamental idea of what is good and what is bad in our human conduct.
The Businessman’s Myth’s about Business Ethics
Businessmen are not immoral, and it would be disastrous to judge and conclude that business
people commit unethical act in doing business.
Business, certainly is a good and productive human activity. However, it is the businessman’s
wrong perception about the role that ethics plays in the world of business which affects the
moral judgment and decision making.
Here are some myths that businessmen have about Business Ethics;
1. Ethics is a personal affair and not a public debatable matter
2. Ethics and business do not mix
3. Good business means good ethics
4. Business is a war
The Relationship between Ethics and Business
Ethics play an important role in business. Without morality, business will be a chaotic human
activity.
Ethics is not a study of positive laws intended to govern and regulate the actions of people
doing business. The concern of ethics as a philosophical science is to discover that there are
unwritten laws, written in the hearts of man that should govern our human conduct where
positive law may be absent, and in some cases are not clear.
The following arguments justify the significant role that ethics plays in the world of business;
Business is an integral part of human society. Therefore, the actions of individuals and
institutions in business must be subjected to moral rules and moral evaluation
In business, as in any other human endeavour, “what is legal may not necessarily be moral.”
People tend to be confused legality and morality. An action may be legal but not necessarily
moral.
Law are insufficient
The Importance of Ethics in Business
The study of Business Ethics paves the way for a common ground in our understanding of the
fundamental idea of what is good and what is bad in our human conduct.
The Businessman’s Myth’s about Business Ethics
Businessmen are not immoral, and it would be disastrous to judge and conclude that business
people commit unethical act in doing business.
Business, certainly is a good and productive human activity. However, it is the businessman’s
wrong perception about the role that ethics plays in the world of business which affects the
moral judgment and decision making.
Here are some myths that businessmen have about Business Ethics;
1. Ethics is a personal affair and not a public debatable matter
2. Ethics and business do not mix
3. Good business means good ethics
4. Business is a war
The Relationship between Ethics and Business
Ethics play an important role in business. Without morality, business will be a chaotic human
activity.
Ethics is not a study of positive laws intended to govern and regulate the actions of people
doing business. The concern of ethics as a philosophical science is to discover that there are
unwritten laws, written in the hearts of man that should govern our human conduct where
positive law may be absent, and in some cases are not clear.
The following arguments justify the significant role that ethics plays in the world of business;
Business is an integral part of human society. Therefore, the actions of individuals and
institutions in business must be subjected to moral rules and moral evaluation
In business, as in any other human endeavour, “what is legal may not necessarily be moral.”
People tend to be confused legality and morality. An action may be legal but not necessarily
moral.
Law are insufficient
