Ethical and Moral Philosophies

Essay by jumbav7College, Undergraduate March 2014

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Ethical and Moral Philosophies




Ethical and Moral Philosophies

Define and Discuss Philosophies' Application to Business

Business philosophy refers to the application of theoretic framework to determine the manner in which a business entity deals with various forms of operation. It refers to the formation and operation of a corporate entity in areas that include management, accounting, public relations, business operations, marketing, and training (Dahlsrud, 2008). Moral philosophy, on the other hand, refers to values that determine the rightness or wrongness of an action (Bartels, 2008). It is not easy to apply ethics and moral philosophies in business practices, particularly in a global competitive environment where the concept of right and wrong varies according to different cultures (Dahlsrud, 2008).

The application of moral philosophy in business occurs in four critical areas. These areas include: foremost, corporate culture- business ethics simply refer to the extent through which an organization has integrated moral philosophies into its global business practices.

Corporate culture concerns itself with ways through which a business organization creates a culture of ethical and honest business practices through the creation of a code of conduct that the organization utilizes to shape the behavior of its workforce and leadership. Secondly, discipline- moral philosophy is applicable on a more practical degree in order to determine ways of disciplining employees who exhibit behaviors outside an organizations accepted norms and culture. Third, employee relations- moral philosophy enables a business enterprise to evaluate the continuous relations between employees and the management within the company, both in terms of ethical considerations and in terms of discipline, for instance, employee- manager relationship outside the organization. Four, public perceptions- moral philosophy enable the organization to evaluate how the community and the business community view its business...