Ethics And Ethics Of Business Ethics Essays

1249 Words Jan 20th, 2016 null Page
What can be considered unethical in business? We all have a different moral code and a definition of right and wrong. In this class we have discussed several companies i.e. individuals who have distorted the vision and ethics of the business they are under,to fit personal agendas. We covered Tyco, Monsanto, Worldcom, and Enron as four of largest business that were under investigation and convicted for fraud, embezzlement, etc. What is ethics in business?
Business ethics is a form of applied ethics or professional ethics that examines principles and moral problems that occur within a business. This applies to all parts of business conduct.Let’s take a deeper look into what exactly is considered wrong in our business world. Monsanto was unauthorized genetically engineered wheat was being developed on an unintended farm.
This was considered a scandal because Monsanto allegedly stopped growing GMO Wheat.
Several international countries stopped trading with the U.S. due to the scandal. The GMO issue is constantly on debate and some people feel strongly about NON GMO. So this would be an issue because they are selling the wheat as NON GMO. These unethical actions lead to many people protesting their products and a dramatic loss in sales in the products that used their additives. Some of the products they grew even poisoned an entire town. Not to mention they caused $700 million dollars of damage, yet the company stayed afloat and won a majority of settlements in court. It broke…

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