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Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
A claim is a substantive statement about a thing, such as an idea, event, individual, or belief. It's truth or falsity is open to debate. It's truth or falsity is open to debate. Arguments or beliefs may be offered in support, and criticisms and challenges of affirming contentions may be offered in rebuttal.
Business ethics examines the moral implications of business conduct and how ethical principles apply to corporations and organizations. [155] A key topic is corporate social responsibility , which is the responsibility of corporations to act in a manner that benefits society at large.
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
Many brands have tried to use ethics to make themselves look responsible, often spinning environmental claims which has led to the term "greenwash". In research consumers have shown to have even less trust of ethical claims in ads than ordinary ads. As a result, media attention on ethics has resulted in many top brands suffering consumer boycotts.
A code of practice is adopted by a profession (or by a governmental or non-governmental organization) to regulate that profession. A code of practice may be styled as a code of professional responsibility, which will discuss difficult issues and difficult decisions that will often need to be made, and then provide a clear account of what behavior is considered "ethical" or "correct" or "right ...
Robert C. Solomon (September 14, 1942 – January 2, 2007) was a philosopher and business ethicist, notable author, and "Distinguished Teaching Professor of Business and Philosophy" at the University of Texas at Austin, where he held a named chair and taught for more than 30 years, authoring The Passions: Emotions and the Meaning of Life (1976) and more than 45 other books and editions.
Like Kantian ethics, discourse ethics is a cognitive ethical theory, in that it supposes that truth and falsity can be attributed to ethical propositions. It also formulates a rule by which ethical actions can be determined and proposes that ethical actions should be universalizable, in a similar way to Kant's ethics.