Business Ethics – the return of morals into business’

Achim Albrecht (), Thorsten Eidenmüller () and Timo Keppler ()
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Achim Albrecht: Professur für Internationales Wirtschaftsrecht Westfälische Hochschule
Thorsten Eidenmüller: Asst. Professor, Girne American University, Allensbach Hochschule Konstanz - AllensbachUniversity
Timo Keppler: Kanzler der Allensbach Hochschule Konstanz - Allensbach University

Zeitschrift für interdisziplinäre ökonomische Forschung, 2015, issue 2, 127-134

Abstract: It has for quite some time been an open secret that ethical business decisions and actions add to the image and credibility of an enterprise. Other than that questions of conduct and good governance have been neglected by the disciples of sheer management believes, of duly controlled figures and statistics or market penetration theories. Just lately with huge scandals in the business and finance world on a global scale, the artificial division between business and morals has been found to be counterproductive. Step by step the grim reaps of unethical conduct have been unveiled in all walks of business circles. A number of incidents and outcomes have been analyzed in the following research. They unearthed a pattern of misconceptions leading to wrongful decisions, huge business failures and the loss of stakeholders’ money. A healer could be the implementation of business ethics as the core of company culture from the beginning.

Keywords: Consumer protection; Code of Conduct; ethical responsibility; OSHA regulations; NGO’s; moral maze; preventive liability measures; compliance (search for similar items in EconPapers)
JEL-codes: K33 K40 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ris:zfioef:0063

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