A Framework for Business Ethics

Abstract (Summary) An ethical approach to business is needed, and the important question is: Why should you and your organization take this direction? The reasons include improving employee and organization morale, gaining higher customer loyalty and the ability to attract new customers, and to improving financial performance. Corporate social responsibility -- also called business ethics -- is undoubtedly a popular concept. However, to a large extent it manifests itself in more elevated discussions of virtues with philosophical overtones. What seems to be missing is a more hands-on approach that converts the well-meaning intentions of business ethics into something tangible and able to be implemented. When designing a business ethics framework, it's important to create a structure in which all of the different business ethics elements that are part of an ethical approach can be placed. Instilling an ethical approach to business in an organization