The world is changing at an accelerated pace. Change driven by technological development, globalization, economic instability, and social transformation. The pace of change is speeding up, influencing social structures and entities that form society. These changes present new challenges for individuals and businesses alike, requiring a new analysis of moral and ethical frameworks to help the many moral agents navigate the shifting social landscape. The notion of moral responsibility and business has been expanding congruently with this change. The central question now emerges, do businesses have a moral responsibility?
Moral responsibility concerns action and consequences. It refers to the duty that businesses have to act in accordance with the moral principles that are important to social communities and society as a whole. Business is concerned with what is important to people’s lives, this is fundamentally a moral activity. One could argue this makes them moral agents. This implies that business, like people, should then be held to moral standards. However, there are many nuances that must be understood to dive deeper into the notion of moral responsibly (Ferrell, p. 187).
Businesses are no longer isolated social enterprises. They are important social entities that retain great influence in society. They are …show more content…
Within their holon and the larger social holarchy, many moral and ethical decisions are presented. A business must be positioned to view the whole world and the future not yet born. It is about seeing the connections, seeing how decisions travel through the many networks to produce outcomes and how their actions influence all stakeholders, the environment, and society. Maintaining order and nourishing relationships among the parts is not just about identifying moral responsibility, but creating frameworks within the system that encourages moral behavior. Frameworks found in ethics (Ferrell, p.
Moral responsibility concerns action and consequences. It refers to the duty that businesses have to act in accordance with the moral principles that are important to social communities and society as a whole. Business is concerned with what is important to people’s lives, this is fundamentally a moral activity. One could argue this makes them moral agents. This implies that business, like people, should then be held to moral standards. However, there are many nuances that must be understood to dive deeper into the notion of moral responsibly (Ferrell, p. 187).
Businesses are no longer isolated social enterprises. They are important social entities that retain great influence in society. They are …show more content…
Within their holon and the larger social holarchy, many moral and ethical decisions are presented. A business must be positioned to view the whole world and the future not yet born. It is about seeing the connections, seeing how decisions travel through the many networks to produce outcomes and how their actions influence all stakeholders, the environment, and society. Maintaining order and nourishing relationships among the parts is not just about identifying moral responsibility, but creating frameworks within the system that encourages moral behavior. Frameworks found in ethics (Ferrell, p.