Example Of Moral Basis Of Business Essay
This essay is purposefully written to discuss the moral basis of business as well as the moral roots of the modern corporations. Since the very beginning of the business world, it was not all the same as it is now currently. Through a lot of transformation and transaction phase it has reached where it is presently placed. In the very beginning of the industrial revolution the formation of organization was far more different in compare to now but in the last century the basis transformation in the fundamental structure of social organization has been taken place. Since the time the business organizations are not only improved it’s the production and distribution it also has stated to govern the social form (Stackhouse).
Some Skeptical Issues
In order to discuss the moral basis of business economists have viewed the very idea of morality with skepticism. Economists have regarded the organization activities through the function or on the basis of the results for instance the profit motive. One of the great economists has stated that each and every individual in the business serves his own private interest and the private interest is one of the greatest motivations for the organizations. Besides, it has been said that man is basically an opportunist that means it order to make his business to grow he can use his utilities and scopes to gain the maximum profit. The comments of the economists certainly insist that the moral behavior or conduct is not a purpose of liberal choice of people sometimes people can be driven into it.
Revisiting the Ethical Problems
Since the very beginning of corporate business the situation is a lot different. At that point of time businesses were governed by religion than to the government. The morality had to be maintained in order to make success. But in modern time the corporate business has faced lot of challenges from the government and its competitors. Therefore many ethical issues have come to be revisited. Corruption is one the most important issues that has to be sorted out. In order to make more success and achieve more prosperity the business organization has given the birth of corruption. Apart from this in order to make life easy professionalism is somehow ignored in the modern era.
Moral Virtue of Business
The honestly of a business is one of the most important assets since the very beginning of this. In the decision making of an organization it has to maintain the ethical values and the right thing should always promote as a part of moral basis of business. The transformation in business should not change the roots of corporate business.
The time has certainly come to assess in spite of drastic changes in the business world where it is stand now in compare to where it was before. The moral basis of business always poses challenges to deal with for any organization. In modernization the intuitionism is definitely flawed as under different situations common people have possessed different types of ideas in order to decide right and wrong. The intuition of people will determine the intuition of business and if people can able to become morally sound then the moral basis of business can be upheld.
Stackhouse, Max L. 'The Moral Roots Of The Corporations'. Andover Newton Theological School 29-39. Print.