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Essay / Research Paper Abstract
A 4 page research paper/essay that discusses and argues the importance of good corporate ethics. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: KL9_khcoreths.rtf
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Unformatted sample text from the term paper:
(Doing well, 2000, p. 65). Countering this position, Solomon (2007) successfully refutes this idea, as he supports the concept that exemplary ethics should be at the heart of business life.
The following paper describes the practical, ethical and social obligations of corporations, as well as offering suggestions as to how ethical decision making at the corporate level can be improved.
Solomon (2007) describes how business managers are typically "trained and pressured to think business," without taking into consideration the social repercussions of their business decisions (Solomon, 2007, p.
34). In discussing the typical rationalization that is frequently employed to justify amoral behavior, i.e., "everybody does it," Solomon (2007) underscores the practical issue that unethical practices cause consumers to
lose faith in the business world, which has an extremely negative impact on the business world as a whole (Solomon, 2007, p. 35). In contrast to this pattern of thinking,
Solomon emphasizes the centrality of good business ethics, not only to goal of profitability, but to long-term success in business. To illustrate and define good business ethics, he describes principles
that he terms the 3 Cs, which are "compliance with the rules, including the laws of the land...the contributions business can make to society...(and) the consequences of business activity" (Solomon,
2007, p. 36). Solomon sums up this overall philosophy towards ethics by writing, "Ethical thinking is ultimately no more than considering oneself and ones company as citizens of the business
community and the larger society" (Solomon, 2007, p. 41). The simplest way to briefly convey the importance of good corporate ethics is to examine a case study described by
Singer (2000). Just prior to Christmas in 1995, Malden Mills, a textile manufacturer, experienced a devastating fire that totally destroyed a factory. The factory was a major employer for the
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