Business Ethics

Business Ethics

The use of direct quotations

“James Griffins’ new book is arguably the most significant philosophical meditation on human rights to emerge in the human rights-intoxicated era inaugurated by the universal declaration of human rights.” (Tasioulas, 2010 p 647).

“Corporate governance is conceptualized as the creation and implementation of processes seeking to optimize returns to shareholders while satisfying the legitimate demands of shareholders.” (Mason and Simmons, 2014 p 78).

“This is a far friendlier forum than that, I am glad to say. I want to start by thanking Raytheon and my friend Bill Swanson for sponsoring this lectureship. These discussions, as you know, are vital to the health of the corporate community. Thank you for supporting them.” (Liveris, 2011 p 35)

“Philip Wheel Wright says— “Ethics is the branch of philosophy which is the systematic study of selective choice, of the standards of right and wrong and by which it may ultimately be directed.” (Paliwal, 2006 p 4).

“The Hippocratic oath falls into two parts. The first one specifies the duties of the pupil towards his teacher and the teacher’s family and the pupil’s obligation in transmitting medical knowledge.” (Hall, 2000, p 4)

Paraphrasing Exercise

  1. “Admittedly, the familiar characterization of such rights that we have simply in virtue of being human retains its currency. But we no longer accept the Theological background that conferred some extra determinacy on this notion in scholastic conceptions of natural law, largely because of the successive waves of criticism launched on the Metaphysical and Epistemological underpinnings from the late middle ages to the enlightenment.”

The issue of human rights needs to be analyzed objectively rather than by basing our arguments on religious beliefs. This is because unlike the past, humans of today have the ability to analyze issues in an empirical manner. (Tasioulas, 2010 p 647).

2.“Greater recognition of stakeholder perceptions of CSR may also identify recent issues identified in research, that stakeholder engagement in corporate governance is largely characterized by low power and low influence (Hansen and Spitzeck); That the Salience of a stakeholder group is a potent antecedent of an organization’s perceived social obligation to them.”

It is crucial for organizations to adequately analyze the opinions that stakeholders have regarding the CSR programs they have put in place because this determines the attitude of these individuals towards the organization. (Mason and Simmons, 2014 p 78).

  1. “Ethics, after all, are not supposed to be abstract principles. They are supposed to be doctrines for the way we behave, the way we work, the way we conduct ourselves in life as well as business.” (Liveris, 2011 p 35)

Ethics are put in place to guide the way we carry ourselves in different situations such as at work or in different places.

  1. “There is a loss of faith in instruments of society. Business houses are becoming big with control of large resources, human, financial and technical but their surviving purposes to society are always having the doubtful values. Day by day innocent Indians are losing their faith in laws, courts and govt.” (Paliwal, 2006 p 4)

The number of Indians who are being disappointed by the various social organizations meant to serve their interests is increasing day by day despite the reach of these entities in their lives.

  1. “Poison is a drug and so is the pessary. The physician agrees not to deliver one to his patient.” (Tall, 2000 p5)

The doctors are expected to use their skills and resources for the good of the patient.

 

 

References

Hall, T (2000) Introduction to Healthcare Organizational Ethics. Oxford University Press, Cary, North Carolina.

Liveris, A (2011) Ethics as a Business Strategy. Vital Speeches of the Day.  77 (1) 35-39

Mason C. and Simmons, J. (2014) Embedding Corporate Social Responsibility in Corporate Governance: A Stakeholder Systems Approach. Journal of Business Ethics.  119 (1) 77-78

Paliwal, M (2011) Business Ethics. New Age International. Dheli, India.

Tasioulas, J. (2010) Taking Rights out of Human Rights. Ethics.  120 (4) 647-678

 

 

 

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