Business Ethics Essay Example | Topics and Well Written Essays - 1750 words - 2

Business Ethics - Essay Example Thus, it is expected that the modern business will work for achieving growth and success for both the individual company and their communities (Business Ethics). The social and environmental thinking of business not only encompass a legal duty but also the long-term success of the business. Argument Businesses are operated within the society using the resources from and depending on the society for the proper functioning of the business operations. Therefore attending to the welfare of the society is an obligation or a responsibility on the part of the business organizations. Thus, the social responsibility of business forbids businesspersons in adopting unfair policies that may maximize the profit of the business but harm the interest of the society. Welfare activities on the part of the business organization gain benevolence and reputation. Business carrying out their duties properly can avoid government regulations. The employees are more satisfied if a good working environment is provided with some additional facilities. This in turn increases their productivity and hence facilitates the business. Last but not the least, providing quality products to the consumers at competitive prices is also necessary in the days of increasing consumer awareness about their rights. The integral development of human being is related with the obligations that may arise because of the relationship of man with the environment. Business or the material environment has been taking its toll on the environment and questioning the sustainability of future generations with the increasing pollution, new illnesses and its destructive capacity. If these are not immediately controlled then it may create immense problem for the entire human class. The problems of the ecological and environmental crisis cannot be looked upon distinctly from the notions of development. The obligations of the business towards the environment include consideration of the environment in the decision-making p rocesses and thereafter supervise the activities. There are obligations including monitoring of proper discharge of water. Proper insurance should be done against environmental damage. The environmental taxes and the charges should be paid properly. The land that is being used for the construction purpose should follow proper planning norms and the environmental legislation unit of the country should approve the product. According to the definition of sustainable development, a development is said to be sustainable if the present generation can provide the future generations with at least the same benefits that it inherited from the past generation if not more. However, if the environmental degradation continues then the future generation will not be left also with their basic requirements for a proper living. Since the natural resources are scarce, the use of those resources by the business organizations in their production should be limited and handed in a proper manner to reduce misutilization. Negligence or refusal on the part of a few people in handling the stewardship of the environment in a responsible manner may invite the larger population to experience ‘increased hardship’. The creation of the God is for all human beings and generations and hence needed to be shared equally by the humanity as a whole. The supplies of certain natural resources