Due to compromised pipelines, the 2008 oil spills in the Nigeria Delta precipitated several hundred-thousand barrels of oil to spill triggering the worst environmental damages the nation has ever seen (Shell). Utilitarianism argues that if a business endorses Fair Trade, for example, the motive behind doing it (which can be to spice up recognition) is irrelevant, because the endorsement of Fair Trade itself leads to extra happiness. Ebejer, J.M. & M.J. Morden, 1988, Paternalism in the Marketplace: Should a Salesman be his Buyer’s Keeper?”, Journal of Business Ethics, 7(5): 337-339.
The Journal of Business Ethics publishes only authentic articles from a wide variety of methodological and disciplinary views concerning moral issues related to business that bring one thing new or unique to the discourse of their subject. The second strand of the story that I shall inform has to do with enterprise ethics as a tutorial subject.
It is important to understand that a resolution of the controversy between shareholder and stakeholder theorists (nonetheless we conceive of the latter) is not going to resolve all and even most of the moral questions in enterprise. Corporate social responsibility, or CSR, isn’t the only term that business ethicists use to describe actions like Merck’s.
Although the academicians from the start had sought to develop contacts with the business community, the history of the development of business ethics as a movement in business, although related to the academic developments, may be seen to have a history of its own. To this effect, we’re planning a special problem on the Journal of Business Ethics on the subject of Advancing Business Ethics Research on Africa, details which may be accessed at this link and on the journal web site.
Other approaches were soon launched together with natural legislation, virtue ethics (based on Aristotle), and the ethics of caring (typically related to a feminist approach to ethics). Smith, J. & W. Dubbink, 2011, Understanding the Role of Moral Principles in Business Ethics: A Kantian Perspective”, Business Ethics Quarterly, 21(2): 205-231. The different big concept on the purpose of business comes beneath the social contract principle. In at present’s aggressive technological and international enterprise world, lack of conscience and character is usually a recipe for economic and private failure.