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The concept of business ethics Essay Example

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The concept of business ethics

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The concept of business ethics. For a business manager, this idea is tallies with the work of different scholars that has portrayed government regulations as a priority for any organization that intend to sustain its public image. There is a concession that the urge by the government to control organizational behavior is a strategy to curb oppressive acts that have been propagated in the traditional business market.The focus on the stakeholder theory becomes an important address of business ethics within the discourse of this book. The reference to Freedman, the father of stakeholder theory, makes this book credible and appealing to the reader. According to Freedman, the organization owes the organizational stakeholders the duty to maximize benefits on their behalf.

The stakeholders include any person who in one way or the other bears a dependency relationship with the firm. Stakeholders may include the workers, financiers, the society, competitors, or even suppliers. At this point, the reader may find it interest to identify the great obligation of a company has and the complexity of fulfilling these duties. The Freedman stakeholder theory seems to crash with the capitalist ideas that suggested that organization only have a duty to optimize returns in whatsoever means. The book overturns the notion that has persisted in the past that organizations are profit generators with an aim of making as much profit as possible. However, the book is keen to establish that there exists a big conflict as organizations push strategies to maximize income, while the stakeholders push their demands (Ciulla, Martin & Solomon, 2013, Pp. While this may appear as a contradictory approach to ethics by a reader, it presents a real scenario that has become more common in the business land scape.The ability of the author to focus on the traditional capitalistic market structures provides a good platform to consider the role of ethics in the society. In a business organization, ethics regulate the interpersonal relationship and the way each stakeholder in the organization is treated. In the capitalistic market structures, the society suffered from employee oppression and existence of individualistic policies that only benefited the organization (Ciulla, Martin & Solomon, 2013, Pp. Business success depended on poor treatment of the employees through overworking,. The concept of business ethics.

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