Business Ethics

Although defining business ethics has been somewhat problematic, several definitions have been proposed. For example, Richard T. De George defines the field broadly as the interaction of ethics and business, and although its aim is theoretical, the product has practical application. Manuel Velasquez defines the business ethics field as a specialized study of moral right and wrong that focuses on business institutions, organizations, and activities. Unfortunately, a great deal of confusion appears to remain within both the academic and business communities, as other related business and society frameworks such as corporate social responsibility, stakeholder management, sustainability, and corporate citizenship are often used interchangeably with an attempt to incorporate business ethics. Relative to other business and society frameworks however, business ethics appears to place the greatest ...