Ethical Philosophies and Business Ethics

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In today’s era of economic relations business ethics plays a vital role. It is of very importance at all levels of business, corporate, state or international. The questions of a firm’s community responsibility and business ethics are engrossing business more and more - both domestically and internationally (Sims 2006). This trend is highlighted by disgraceful cases illustrated by violating rules of ethical behavior. The rules and regulations of ethics and behavior are affected by the basic values of the goals of company with in the community. Even though there are some organizations that think the only social goal of a company is to gain benefit. With a different school of thought, other members think that the goal of a company is larger than just gaining profit and that everyone that is influenced by the firm's activity, suppliers, employees, shareholders, customers, and the domestic society have a concern and commitment in the firms activity. These commitments are very important to a company regardless of whether it is international or domestic in its activities. However, international companies have to deal with specific difficulties and requirements above and beyond those operating only in local markets. The first condition we will consider is capital export for production abroad. This can be understood with the use of the utilitarian theory. This theory is represented in the works of M.Valaskes, J. Rawls, L. Nash. This theory is thought to be the most influential and prevalent in the business world. It states that any action that ends up in large useful effect is considered fair. Basically, the utilitarian principle is expressed in the following way; any action is right from an ethics view point if the useful impact outweighs the total useful impact of any other action that could be done instead of the first action. The point is that all participants

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