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Ethics in Business and Society

In: Business and Management

Submitted By wylewis
Words 1232
Pages 5
Ethics in Business and Society
Perfect wisdom has four parts:
Wisdom, the principle of doing things aright.
Justice, the principle of doing things equally in public and private.
Fortitude, the principle of not fleeing danger, but meeting it.
Temperance, the principle of subduing desires and living moderately.
Plato (427?-347? B.C.E.)

When I first decided to take the course titled Business and Society 4395, I had no idea of all the dimensions of ethics or how ethics is intertwine into the business workforce and today’s society. To be honest, I actually thought that business people had very low ethics with their main focus on the contracts and/or the highest bid. I learned that society painted an image of questionable ethics by associating practices or traditions that are unethical and illegal or legal.
Some of my classmates in my course did not believe that certain practices were a matter of ethics, however, they expressed that it was just the norms of business. For example, during class I received a handout that explained four situations and I had to choose if the details were ethical/legal, ethical/illegal, unethical/legal or unethical/illegal. Each situation I was familiar with in some way. I knew if the situations were legal or illegal right away, but I could not choose if they were ethical or unethical.
I realized my mistake was believing that what I learned, while growing up, taught me how to behave appropriately in the business world or social situations, After analyzing what ethics truly mean I came to the conclusion that it is simply the study of what is right and wrong. It is the sense of trying to discover reasonable principles that will help a person to decide what they should do and what they should not do in certain cases. Obeying the law and company policy is not sufficient, due to the fact, laws and policies have loopholes or they…...

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