\"The Future of Business Ethics\": Corporations will be expected in the future t
ID: 1254986 • Letter: #
Question
"The Future of Business Ethics": Corporations will be expected in the future to "build a better future" — not only for their shareholders but also for their customers, workers, business partners, community, nation, and the wider world. Those with effective business ethics based on this core value will have an added competitive advantage: attracting and retaining talent and generating positive reactions in the marketplace.
will argue that corporations cannot be expected to build a better future for customers, workers, business partners, the community, the nation, and the wider world.
Keep in mind that each student must contribute one original idea and/or example representing his or her side of the debate
Explanation / Answer
The term businee ethics is an unavoidable tension. Management must continuously balance the needs of the organization and its stockholders with the needs of other stakeholders(customer, worker, businees parteners). Despite this tension between competing interests, today's business leaders can model behaviors and create a corporate culture that support ethical business practices even while making their firms more competitive in the marketplace. First step in any recovery procee is admitting you have a proble, and businesses hace a problem with ethics. It is not just a matter of some arrogant, immoral executives at a few companies getting greedy and cooking the books.
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