Chapter 5- Corporate Social Responsibility
Should business people have ethical codes, like many other professionals? Should
they have ethical oversight, like lawyers and doctors? Why or why not
I believe that businesspeople should have some set of ethical codes to enforce discipline
and some set of rules to abide by. However, I don't believe it should be as strict as the
code of ethics for lawyers and doctors. These types of professions deal with people's
livelihood and freedom.
America, being a country with a capitalism economy, allows individuals today to enter a
free market to trade and control a functional supply chain as private entity. Ethical codes
with greater restraints will minimize profits and require more innovation to keep
businesses afloat. I believe all businesses whether corporate level or small owned, have
all practiced something unethical which sometimes, wouldn't really hinder the business
or said practices go unnoticed.
Should business people have ethical codes, like many other professionals? Should
they have ethical oversight, like lawyers and doctors? Why or why not
I believe that businesspeople should have some set of ethical codes to enforce discipline
and some set of rules to abide by. However, I don't believe it should be as strict as the
code of ethics for lawyers and doctors. These types of professions deal with people's
livelihood and freedom.
America, being a country with a capitalism economy, allows individuals today to enter a
free market to trade and control a functional supply chain as private entity. Ethical codes
with greater restraints will minimize profits and require more innovation to keep
businesses afloat. I believe all businesses whether corporate level or small owned, have
all practiced something unethical which sometimes, wouldn't really hinder the business
or said practices go unnoticed.
