Business Ethics in the 21st Century

Business Ethics in the 21st Century


Ethics, does it mean anything to businesses in today’s society of social and economic behaviors? Defined by the American Heritage Dictionary, ethics is “the study of general nature of morals and of the specific moral choices to be made by individuals in their relationships with others; a set of moral principles or values” (Morris, np). Ethical practices include giving back to the community, honesty, and integrity. Opposite to this are unethical practices which are violations of governmental regulations, fraud, falsification or destruction of company records, and employee theft. Businesses in the 21st century have to deal with ethical and unethical issues that come into the workplace on a daily basis and have to strategize on how to keep the best interests for the customer and the company.
For long term success, trust and honesty must be established between the employee members and the customer relationship to the company. When a...