Business Ethics

As business ethics evolved parallel to the developments in the ground forces and Europe since 1960s, it gained a new dimension with incarnate kind responsibility issues. Late 1980s corporate motto, Increasing the value of the stockholders has been modifıed as Increasing the value of stakeholders. Since then, ethical practices of companies have been canvas for each group of stakeholders.


Although ethics is as old as the history of mankind and already exists since the early ages of commercıal activities, the appreciation of ethics is different in a modern corporate setting. The field of honor of business ethics is analyzed thoroughly as to how it would function effıciently in an organization and which advantages would it offer in the long run. Corporate mission and targets are subject to agitate accordingly.

Political barriers are less binding, as corporations are worthy global. Ali transactions are held with the support of modern communication systems and more flexible legal/commercial regulations. in the meanwhile globalisation has brought new forms of competition which requires that fırms should seek note that would act upon a worldwide hawkish advantage.

Product, market, quality and technology differentiation that would guarantee long term success in the erstwhile(prenominal) can easily be challenged today.



The tendency to achieve competitive advantage through ethical practices and social responsibility stems verboten from crises and scandals we often hear. Honesty, fairness, respect and trust are often subject to misconduct. Corporations aim at underlining their ethical practices in the eye of their stakeholders in order to achieve long term advantage in global competition.





Vallace, E., (1995), Business moral philosophy at Work, Cambridge University Press,UK.


Murray, D., (1997), ethics in Organizations, Kogan Page Limited, London.

Ed. Davies, P. (1997), Current Issues in Business Ethics, Routledge, London and Ne w York.


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