InsideOffice News Archives About Us Feedback

Recent Articles

Blog Address: Directory or Domain?
Recently I fielded an emailed question from a reader as to which is better home for a blog: as part of the company web site, or as a separate domain?

Google Secrecy A Blessing And Curse
Other than the legally mandated SEC filings, only the very top of the Google leadership knows just how the company operates. The LA Times delivered the most apt commentary on Google...

Office 2007 Beta: Later This Month
Jensen Harris drops the confirmation: Beta 2 (the public beta) of Office 2007 will hit later this month, joining the Windows Vista Beta 2, which is expected on May 22.

The Gulf Between Geeks and Advertisers
In addition to my suprising lunch with the food company execs, I found another thing that was very different: that advertising folks dress & talk very differently from geeks.

Blogging Connections: Real Life Meetings
Blogs are connection and relationship builders. We are all aware of the blog potential for creating and nurtuting online relationships.

Social Media Drives Greater Employee Engagement
Here's a terrific case study from Swedish/US communication consultants and training firm Gronstedt Group on the role social media plays in helping...

07.27.06


Business Ethics And Unethical Practices

By Verena Veneeva

The study of business ethics and its implications for different stakeholders have seen tremendous growth in the past few decades.

There has also been a rise in the use and development of codes of ethics and announcements for ethical practices by many firms; however companies are still criticized for their unethical practices at different levels (Papers4you.com, 2006). Business ethics, according to the literature has been entrenched with the philosophical details of Ethics (Trevino & Nelson, 1999). Ethics has been defined as ‘the activity of examining the moral standards of a society, and asking how these standards apply to ones life and whether these standards are reasonable' (Velasquez, 1998; p. 11).

The literature on business ethics is divided on its views about the motivation and reason for businesses to have an ethical dimension. Drawing upon Harrison (2001), there are two major schools of thoughts, firstly those who suggest that firms are profit generating institutions and therefore business ethics is yet another way to attract customers, secondly those who support corporate conscience and intrinsic motivation for the adoption of business ethics.


Business ethics has been considered very subjective in nature and according to Paul (2001) is considered a function of time and culture. It has been established that with the passage of time business ethics have evolved and also that the cultural values and norms drive business ethics within national and regional boundaries. One of the major studies regarding the national values has been conducted by Hofstede (1983). According to this research, which was only based on four indicators i.e. individualism, power distance, uncertainty avoidance and masculinity, there is a great deal of differences among values across different nations and consequently the business ethics. Globalization combined with standardization has made businesses financially efficient but at the same time poses questions regarding the standardized codes of business ethics across national boundaries.

Vinten (1991) has divided the business ethical issues at different levels i.e. international business, domestic business and professional ethics. At the international level ethical issues include free-masonry and socialism versus capitalism; at domestic level these include religious dimensions, social marketing and ethical education; and lastly at the individual level these include bribery, corruption and data protection (Papers4you.com, 2006).

There are many reasons and criticisms for the failure of adoption of ethics in the business world. Firstly, the concept is considered to be overly theoretical and it also negates the basic purpose of any business i.e. to create shareholder's wealth. Secondly, it has lack of direction and unanimity across different cultures and academic groups. Lastly, it has many inherent unresolved dichotomies that according to Sternberg (1994) make it a case of rejected relativism.


About the Author:
Copyright © 2006 Verena Veneeva. Professional Writer working for http://www.coursework4you.co.uk

About InsideOffice
Expert advice for starting or growing your business plus valuable ideas on management techniques and business strategies. Your Personal Business Advisor.

InsideOffice is brought to you by:

WebProNews.com Jayde.com
MarketingNewz.com SalesNewz.com
CareerNewz.com InvestNewz.com
eCommNewz.com WebsiteNotes.com
AdvertisingDay.com ManagerNewz.com
SearchNewz.com CRMNewz.com

-- InsideOffice is an iEntry, Inc. publication --
iEntry, Inc. 2549 Richmond Rd. Lexington KY, 40509
2006 iEntry, Inc. All Rights Reserved | Privacy Policy | Legal

archives | advertising info | news headlines | free newsletters | comments/feedback | submit article


InsideOffice Home Page About Article Archive News Downloads WebProWorld Forums Jayde iEntry Advertise Contact WebProWorld Forum Your Personal Business Advisor