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Essay / Research Paper Abstract
3 pages in length. Joseph Eby Ruin's New Strait Times article entitled "Importance of Business Ethics" shoots right to the core issue in today's commerce where the often-absent component of ethical consideration serves to create unnecessary problems and compromised character. Ruin (1997) openly charges today's business community with shirking the inherent responsibility of upholding ethical guidelines not because industries are mandated to do so but rather out of an intrinsic desire to do the right thing. Bibliography lists 4 sources.
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3 pages (~225 words per page)
File: LM1_TLCEthicsAcc.rtf
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and compromised character. Ruin (1997) openly charges todays business community with shirking the inherent responsibility of upholding ethical guidelines not because industries are mandated to do so but rather
out of an intrinsic desire to do the right thing. Ruin (1997) points out how ethics, business and society must work in tandem or there is no purpose for any
of its existence. Unethical practices are what harbor ill will and create a climate of contempt and distrust. Inasmuch as ethics represent "a necessary and critical ingredient in
the successful enterprise" (Ruin, 1997), the author further notes that establishing such ethical fortitude is not a difficult objective if one maintains a moral and conscientious outlook. Ethical concerns
run rampant among various entities, posing questions along the way as to whether a particular practice is deemed morally acceptable. It is at these times when ethical considerations can
stand in the way of coming to the right decision when one must truthfully answer certain questions: What is the concern? Am I being true to myself? Why
is this bothering me? Is it my problem? What do others think? Who else matters?" (Ruin, 1997). According to Ruin
(1997), establishing proper ethical guidelines - and therefore appropriate corporate social responsibility - must come from a management perspective, which is the primary location where policy is derived. Applying
this to the accounting industry, the student will note how there exist myriad ethical considerations in the daily world of business, with each one presenting yet another moral dilemma: Should
the decision be made for company or personal gain? How many will reap the benefit of individualized attention at the expense of all others? Is there a time
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