Ethics Reflection Paper Term Example | Topics and Well Written Essays - 500 words

Ethics Reflection - Term cover ExampleThis situation does create the impressions that handicraftes do not really have a set of good principles to follow as it conducts it operations and that these do not feel any responsibility toward society. Such notions whitethorn be the result of certain corporations that are indeed callously advancing activities that negatively affect sight while reaping great profits at the same time. One proof is the prevalent concept that, from an frugal point of view, one can only afford to be ethical as long as one remains competitive (Duska 2007, p.62). In order to reduce the intensity of the conflict between business and other sectors of society, as well between it and the employees, there is a need to focus on the teaching method and reeducation of the management and the owners on business ethics and social responsibility. Ferrell, Fraedrich, and Ferrell explain that business ethics comprises the principles and standards that guide conduct in the w orld of business (2010, p. 6). This definition emphasizes the need for companies to refer always to such moral precepts and standards as they embark on activities related to their respective businesses.