Blog 3: Business Ethics

This post is on the basic ethics of business. No matter what department of business the company is into, it has a basic set of rules and guidelines that it must abide by in order to survive in our society. Ethics are guided by everyday decisions, moral decisions that are made by individuals that make up the machine of the business world. I believe that everyone has a conscience whether they want to admit it or not. Even the most infamous criminals in our history had a conscience, and at one point they came to a “fork in the road” where there was a decision to be made. It is not the decision our the consequences of that decision that make it ethical but the intention behind that decision defines it as being moral or immoral. There are four basic components. The first component and the pinnacle of the pyramid are the philanthropic responsibilities, in other words, community involvement. The second is ethical responsibilities, doing the right thing all the time. The third is legal responsibilities, playing by the rules of the game. At the base of the pyramid lies the fourth and final component, economic responsibilities, being profitable. All of these components must be done in accordance with moral business practices and in doing so will enable our world to progress towards a more ethical society.