I remember a “Enterprise Ethics” seminar I took in faculty that confirmed all the things my parents had taught me as a baby. No matter how hard the management of a enterprise tries to set and preserve high standards of skilled ethics, these conflicts do floor all through time or the other. The literature on enterprise ethics is divided on its views about the motivation and purpose for businesses to have an ethical dimension.
Vinten (1991) has divided the business moral issues at completely different levels i.e. worldwide enterprise, home enterprise and skilled ethics. It deals with points relating to the ethical and moral rights, duties and company governance between a company and its shareholders, staff, clients, media, authorities, suppliers and dealers.
However, some ethics are universally maintained by companies and their breach is almost like a legal offense. Business ethics must be distinguished from the philosophy of enterprise, the department of philosophy that deals with the philosophical, political, and ethical underpinnings of enterprise and economics.
They need to also instantly work to vary their company tradition and reinstate a sense of ethics, integrity and duty of their staff which most likely entails altering senior administration and the Board of Administrators who’ve now demonstrated their lack of ability to run their companies correctly.
I’ve been involved with a number of enterprise bankruptcies and not one of the owners or employees of these firms felt anything however disgrace and failure for having left suppliers with debt, employees without a job and customers with no provider. Issues like capitalism, regulation of business are also related to systemic ethics.