Morality And Business Essay Example | Topics and Well Written Essays - 1000 words

Morality And Business - Essay ExampleBut here, the come across fact to be noted is that, the existing laws have authorized these false claims, to a certain extent. Here, the distinct implication is that nigh of the businesses need to adhere to ethics, only to the extent dictated by the law. Beyond that, most of the entities argon in no way willing to tread on the path of morality, lest their commercial motives are compromised. (1) Whether staunch adherents of morality like it or not, but the fact is that businesses locoweednot afford to lay excess accent mark on ethics, barring the legal stipulations. This is even more relevant in this contemporary era of heightened competition. in that location is no way in which business houses can survive in the markets if they choose to give frightening weight to moralistic ideals. In the context of the subject being focused upon in this paper, the only straightforward response is Yes It is not moral to do business Here, it has to be spec ific on the wholey mentioned that this particular response is turn to to only those who believe that, come what may, there should not be even a minute divergence from the ethical principles. (1) Of course, there is no denying of the fact that, even in this day, there are business organizations trial the extra mile in sticking to some aspects of morality. In most of these cases, this results from the entities being committed to any particular social cause, or being associated with any non-profit organizations. Whatever may be the driving ram behind the moral commitment of a business, the key point is that it is their voluntary decision to address miscellaneous ethical issues. The law in no way mandates that business houses do stick to all the norms that free fall under the purview of morality. (1) A brief focus on another real life object lesson would make one to comprehend as to why morality, after a certain point, has no come out of the closet in business practices. When the matter of deliberations between management and trade union is taken, the irrefutable fact is that both the parties conceal the truth from each other. It is also a fact that when viewed only from the angle of ethics, lying is extremely improper. But in this example, both the parties are aware that the other party is lying, and owing to this, it just cannot be expected that there is a scope for speaking the truth. As a matter of fact, in this example, if both of the party decides that there is nothing greater than being moralistic and that they should speak only the truth, then there would be only one consequence Its interests would be compromised at the altar of moralistic idealism. (1) It is not that all the assembly lines are only one side there are people who strongly argue that businesses can further their commercial objectives, even by laying lot of emphasis on ethical norms. For example, an argument here is that when a company, by adhering to morals, manufactures safe r eapings, the same would drastically minimize the chances of facing suits related to product liability. This in turn makes sure that even the financial resources of the company are safeguarded. For, it is but obvious that yucky financial implications are inevitable while facing legal suits.