Ad
related to: what is means of exchange in business ethics
Search results
Results From The WOW.Com Content Network
A legally binding contract is defined as an exchange of promises or an agreement between parties that the law will enforce, and there is an underlying presumption for commercial agreements that parties intend to be legally bound (Contracts 2007). In order to be a legally binding contract, most contracts must contain two elements:
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]
Ethical issues of business communication is the way by which individuals or groups of people exchange information between them. From end-to-end the process, effective communicators try as clearly and accurately to pass on their ideas, intentions and, objectives to their receiver.
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 ...
Tit for tat, defined in a literal way as an exchange of the identical kinds of goods (client list for client list, referral for referral) may be the only sort of reciprocal response that is appropriate in a clearly defined business situation. Similarly, dinner-for-dinner may be the expectation among members of a round robin dinner club.
Generalized exchange according to this logic, is a common feature of business organizations, neighborhoods, and the vast and growing network of online communities. [ 9 ] [ 10 ] In indirect exchanges, we observe reduced emotional tension between the partners, a credit mentality, collective orientation and high levels of solidarity and trust.
The Society for Business Ethics is a non-profit organization established in 1980 to promote the advancement and understanding of ethics in business. Its mission is to provide a forum in which moral , legal , empirical, and philosophical issues of business ethics may be openly discussed and analyzed.
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.