Business Ethics

"Although defining business ethics has been somewhat problematic, several definitions have been proposed. For example, Richard 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. Unfortunately, a great deal of confusion appears to remain within both the academic and the 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 or attempt to incorporate business ethics. Relative to other business and society frameworks, however, business ethics appears to place the greatest emphasis on the ethical responsibilities of business and its individual agents, as opposed to other firm responsibilities (e.g., economic, legal, environmental, or philanthropic)."

Source: "Schwartz, M. S. (2008). Business Ethics. In R. Kolb (Author), Encyclopedia of Business Ethics and Society. Sage Publications. Retrieved November 21, 2023, from https://search.credoreference.com/articles/Qm9va0FydGljbGU6OTA3MDg1?aid=17214."