Different Viewpoints Of Business Ethics Essay

1951 words - 8 pages

The purpose of this short paper is to compare and contrast three different peer-reviewed journal articles and one online periodical. First, the paper provides a brief introduction of the four articles. Second, the paper compares and contrasts the four articles. Finally, the author presents his views on the topic of social responsibility and business ethics before concluding the paper.
Four Articles
All four articles center their focus on business ethics. Of the four articles, three are scholarly peer-reviewed journal articles and one, by Friedman, is an online periodical.
The first article is “To be ethical or not to be: An international code of ethics for leadership” by Aja Alahmad. This article first states the importance of the topic issue. The author claims that there are no clearly defined codes of ethics that leaders around the world can follow. Then the article proposes the following list of codes of ethics for leadership: “honesty, tell the truth no matter what, respect, punctuality, not judgmental, just, humble, and dignity” (Alahmad 2010, p. 31).
The second article is “What is business ethics?” by Peter F. Drucker. This journal article first blatantly attacks business ethics, specifically Western version of business ethics’ definition. This paper declares that business ethics is nonexisting. The article then goes on offering its own versions of the definitions of business ethics. The author opines that Casuistry and business ethics are similar in nature, therefore, Casuistry failed and so will business ethics. The author then compares business ethics with ethics of prudence and stresses that business ethics itself is doomed to degenerate as the ethics of prudence does. Finally, the praises the Confusian approach to business ethics, that is, the ethics of interdependence.
The third article is “The social responsibility of business to increase its profits”, an online periodical by Milton Friedman. This periodical looks at business ethics from the viewpoint of economics. First the periodical clarifies who is responsible for social responsibility. Then the periodical details political questions regarding business ethics in principle level and consequence level. Like Drucker, Friedman is against the very idea of business ethics. He attacks corporate executives who use business ethics as “cloak” to hide their unfounded and unjustified actions. Finally, the paper reaches the conclusion by stating that the social responsibility of business is “to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud " (Friedman, 1970).
The fourth and last article is “The relevance of responsibility to ethical business decisions” by Patrick E. Murphy. This scholarly article first introduces moral responsibility. Second, the article lists six different types of responsibility and...

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