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Business and Environment

I am going to talk about why businesses should start thinking about the environment more seriously and not only about making profits. I think this an ethical issue, because in today’s competitive and cutthroat business environment, companies have forgotten that they have a role to play in the society, they have to realize that the only goal of a business is not just profit, Businesses should take their ethical responsibilities regarding the environment more seriously. The only reason I chose this topic was to highlight this issue of business and the environment and to discuss about the environmental responsibilities these businesses have. Let me talk a bit about ethics, what is ethics?.. Ethics refers to standards of conduct, standards that indicate how one should behave based on moral duties and virtues, which themselves are derived from principles of right and wrong.

In order to apply this definition to practical decision making it is necessary to specify the nature of the moral obligations considered intrinsic to ethical behavior. There are two aspects to ethics: the first involves the ability to discern right from wrong, good from evil, and propriety from impropriety; the second involves the commitment to do what is right, good

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and proper. Ethics is an action concept; it is not simply an idea to think and argue about. Now I am going to talk a bit more about business ethics. What exactly is business ethics..? Business ethics is just nothing but applied ethics. It is the application of our understanding of what is good and right to that assortment of institutions, technologies, transactions, activities, and pursuits which we call “business. Why do u think business ethics is so important? Failure in business ethics is a real threat to the future of every corporation.

Business ethics as an issue is a hundred times more powerful than the internet or globalization and can destroy your business in a week. To make matters worse, standards of business ethics are changing rapidly in response to random events which capture public imagination. In business ethics, what was good is becoming bad and what was considered bad is now good. Standards for business ethics that have worked for decades are looking old fashioned or immoral while other practices that raised questions are becoming totally acceptable.

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