The Development of Business Ethics

Business Ethics Name: Course title: Professor: Institution: Date Due: Learning business moral and ethical aspects is crucial for business and management practitioners. This owes to the fact that each day, members of a team and management encounter various issues or challenges with regard to making business decisions. Lack of knowledge in business ethics may result into such practitioners or personnel to make unwise business decisions, which may be detrimental to the business operations. Moreover, the study of business ethics could be applicable in an individual’s own life (Stanford Encyclopedia of Philosophy, 2008). People who adhere to sound ethical standards will be trusted by others because of the actions or decisions that they make. It is quite essential for a business practitioner to make sound business decisions at all situations. Among the advantages of business ethics is that an individual will mostly endeavor to consider ethical choices during the decision making process in business matters. In the case of a significant decision that may affect business operations, one should be able to recognize a sound ethical choice that would be suitable for that company. In the case of a firm claiming itself to be based on ethical stand...