The Importance Of Business Ethics

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Running head: THE IMPORTANCE OF BUSINESS ETHICS THE IMPORTANCE OF BUSINESS ETHICS By Katina Lawler National American University THE IMPORTANCE OF BUSINESS ETHICS What is Business Ethics? Ethics is basically the moral standards or principles of right and wrong, our obligations and responsibilities, in which we hold ourselves to. I believe that business ethics is the same. It is the professional behavior and standards by which a business is held to by the people they come into contact with, and the rest of the world. The history of Ethics in Business dates back many years, and relates to moral standards and the early attempts to establish the moral shape of commercial activity by early philosophers such as Socrates, Plato, and Aristotle. Socrates was one of the first philosophers to ethics, focusing his attention to the condition of humankind. Socrates believed that a person must become aware of every fact relevant to his existence, and that people will naturally do what is good. Plato, a Greek philosopher and mentor of Socrates, believed that all people in some way desired happiness and that a person’s actions do not create happiness only because people do not know what their actions will produce. Plato continued his belief that if a person knows that moral virtue leads to happiness, they should act according to this knowledge. If a person knows that virtue leads to happiness but acts against this idea, then they are immoral, and immoral behavior is the sign of a diseased soul. The last of the “big three” in ancient Greek philosophy was Aristotle, a student of Plato’s. Aristotle’s view on ethics, the “Aristotelian Ethics”, is that ethical knowledge is not only a theoretical knowledge, but rather that a person must have experience of the actions in life and have been brought up in fine habits to become good. Aristotle also believed that
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