Ethics In Business

Is it true that the "bottom line" of business is profit and profit alone? Profit is what every business strives to be after. Profit is the measure of success. Without profit jobs could be lost, hours cut, and less benefit for employees. So it is true that the bottom line of business is profit. But there are other aspects of business. There are some businesses that do not just do it for only the money. Even though profit is still a big deal to the companies they also use process philosophy. Being all you can be to help others and never stop improving is a very good example of business philosophy. When management stops being a part of making things better and improving things, then the business would go out of business. A business philosophy needs to be something that is personal, have meaning deep inside, and something you can live by. FedEx …show more content…
They say this because it can misrepresent what is right because being relative is the opposite of being absolute. People feel that ethics in business can result in unethical actions. They feel the ethics apply only to individuals and not companies or corporations. There are a lot of businesses that operate in more than one country making it hard to have ethics. There are no absolute moral standards in a business. I feel it is hard to heave moral relativism in a business because of all the ethnic groups playing a role within it. Deontology is the ethical theory that is concerged with duties and rights. In business, employees show deontological ethics by actions and behaviors within the company and customer satisfaction. Deontology focused on the act and behavior of the employee and not on the result or consequence. An example is having a return policy at a retail store. Management could choose to honor the policy or make exemptions depending on the circumstance of a return. Ones that have a strong deontological ethic will stick to the