Can Business Ethics Exist? Essay -- Business Ethics

Niall Fitzgerald, stated, somatic loving responsibility is a hard-edged business decision. Not because it is a thin thing to do or because people are forcing us to do it... because it is good for our business. (as cited in Elliot, 2003, para. 14) What is social responsibility? Peter F. Drucker (1981) suggests it is todays business ethics as defined by societys ever-changing values, values base on people functioning as a group. Milton Friedmans (1970) view of social responsibilities is one of individual ethics. twain Drucker and Friedman interchangeably use these terms ethics and social responsibility, in their strip views on the subject. occupation ethics and social responsibility are kindred fraternal twins, born from a womb of moral imperatives and as such, care a base genetic foot-stamp in scope and ideology. In the skid views as presented by Peter F. Drucker and Milton Friedman, what ethics and social responsibility is varies amidst an individual and business view. Friedman (1970) is very clear on the line surrounded by individual ethics and business. An individual acts in his own right based upon his personal morality code. He takes on responsibilities unique to him in a singular fashion such as marriage. A business, however, is a embodied of reasoning from group thought defined by social convention. It is soulless as societal pressures dictate the ethical code. Individual responsibilities however, are self-assign because he adopts his own code of ethics and consequences. When the individual is working as an executive, he is required to balance the needs of the stockholders and the owners of the business all the while producing profit. His individual ethical leanings, either consensual or conflicted, are su... ..._interest/detail/what-is-business-ethicsElliot, L. (2003, July 4). clean agentInterview Niall FitzGerald co-chairman and chief executive Unilever. theguardian. Retrieved from http//www.guardian.co.uk/business/2003/ jul/05/unilever1?INTCMP=SRCHFriedman, M. (1970, September 13). The Social Responsibility Of Business is to increase its profits. The New York Times. Retrieved from http//select.nytimes.com/gst/abstract.html?res=F10F11FB3E5810718EDDAA0994D1405B808BF1D3&scp=2&sq=The%20Social%20Responsibility%20of%20Business%20is%20to%20Increase%20its%20Profits&st=cseJosephson Institute Quotations Bank. (n.d.). Retrieved from http//josephsoninstitute.org/quotes/quotations.php?q=EducationMackey, J. (2005, October). Rethinking the social responsibility of business. reason.com. Retrieved from http//reason.com/archives/2005/10/01/rethinking-the-social-responsi/3