{"id":33,"date":"2023-08-01T16:28:15","date_gmt":"2023-08-01T20:28:15","guid":{"rendered":"https:\/\/pressbooks.library.torontomu.ca\/cebe\/chapter\/__unknown__-2\/"},"modified":"2023-08-22T12:12:42","modified_gmt":"2023-08-22T16:12:42","slug":"business-ethics","status":"publish","type":"chapter","link":"https:\/\/pressbooks.library.torontomu.ca\/cebe\/chapter\/business-ethics\/","title":{"raw":"Business Ethics","rendered":"Business Ethics"},"content":{"raw":"Business ethics<\/b>\u00a0can be defined as the critical, structured examination of how people and institutions should behave in the world of commerce. It is a\u00a0critical<\/em> discipline in that it is interested in\u00a0determining what ethical standards are best and most well-justified, rather than in cataloging the views that people actually happen to have. It is a structured<\/em> pursuit in that it involves providing reasoned arguments, rather than simply stating opinions or feelings, about particular issues.\u00a0In particular, it involves examining appropriate constraints on the pursuit of self-interest, or (for companies) of profit, when the actions of individuals or companies affect others.\r\n\r\nIn practical settings, business ethics<\/strong> may be thought of, rather than as a topic of intellectual inquiry, as a name for proper behaviour in the world of commerce. In this sense, we might say informally, for example, that a company has \u201cgood business ethics,\u201d or that \u201cbusiness ethics requires that a company do such-and-such.\u201d\r\n\r\nIn many contexts, terms such as CSR<\/a>, corporate citizenship, or even sustainability<\/a>, may be used equivalently to \u201cbusiness ethics.\u201d Whether these are reasonably synonymous is a matter of controversy.\r\n\r\nSee also in CEBE:<\/b>\r\n