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Ethics in Business

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Table of Contents Question 1: 2 Question 2: 5 2.1: 5 2.2: 6 Question 3: 9 Question 4: 13 Bibliography 17

Question 1:

The definition of ethics deserves more than just one sentence, as it is an ambiguous, complex and intangible subject that revolves around behavior towards society, the environment and the business world at large. It is a reflection of one’s personal values and behavior within the business environment and is concerned with what is right and what is wrong based on sometimes religious values, law, established practices, society and individual conscience. Ethics is based on unwritten rules that address fairness, responsibility, moral obligation and compassion.
From the above, business ethics can be defined as “The application of a moral code of conduct to the strategic and operational management of a business.” (Define Business Ethics -Discussion and Debate, online)
The impact of ethics on business needs to be seen as positive. Corporations that are purely profit driven will not see this positivity as they perceive that ethics limits them to do business as they wish. One thing they must bear in mind is that consumers are more savvy and educated now and respect organizations that practice business in an ethical way and support these organizations wholeheartedly. Ethics drives business to conduct itself in a right and moral way ensuring that no one (society, environment and industry) is harmed.

The ethical issues in the extract that need to be discussed and addressed are the topics surrounding the use of fossil fuels as a source of energy for power, the implementation of green energy via solar power, the gaps within the consumer society’s wealth and how can everyone benefit from any changes that may be implemented.
The affordability of and ease of access to fossil fuels makes it extremely attractive for the masses that fall into

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