Business Ethics: An Evolving Discipline

Exploring the Evolution and Dimensions of Business Ethics in Today's Economic Environment

Abstract

In current economic environment business ethics is becoming important for all. Ethics concern an individual's moral judgements about right and wrong. Business ethics can be denoted as written or unwritten codes of morals, values, and principles, that governs actions and decisions in a company. Business ethics is a broad topic, covering everything from corporate governance to corporate social responsibility. The paper explores the emerging discipline of business ethics from an evolutionary perspective. It examines different classical ethical theories. It further explores emerging modern conceptions of ethics like the virtue perspective, the stakeholder perspective, the social contract perspective and the integrative perspective. The paper concludes business ethics as an evolving discipline. Researchers have understood different dimensions of business ethics but still much to be done to understand and improve business ethics globally.