From an individual perspective, the primary goal of a business firm is to earn profits. McCall, J.J., 2001, Employee Voice in Corporate Governance: A Defense of Robust Participation Rights”, Business Ethics Quarterly, 11(1): 195-213. This question is often described as a query of company ethical company” or company ethical accountability”.
Every wave of scandals, which seemed to happen each ten years or so, resulted in additional stress for corporations to incorporate ethics into their buildings. In the enterprise world, the group’s tradition units standards for determining the difference between good and bad resolution making and conduct.
“Typically, ethics applications convey corporate values, typically using codes and insurance policies to information selections and habits, and may include intensive training and evaluating, depending on the group. To deal with this query, social duty advocates set out in the 1970s to create a model-new managerial self-discipline: enterprise ethics.
Whereas most of those that wrote on social points had been professors of enterprise, most of those that wrote initially on business ethics were professors of philosophy, some of whom taught in enterprise schools. Donaldson, T. & T.W. Dunfee, 1999, Ties that Bind: A Social Contracts Approach to Business Ethics, Cambridge, MA: Harvard Enterprise Press.
Some corporations even require their workers to sign agreements stating that they may abide by the corporate’s rules of conduct. Business ethics have developed into requirements of ethical and moral accountability, not only in the United States but also world wide.