Appraisal of Perspectives to Morality in Business: Towards Developing Effective Operational Mindsets for Business Practitioners

Ginah O Ginah,Adeyeye Adewole

doi:10.14738/assrj.71.7605

Abstract

The study critically examines available perspectives to morality in business. It observes that each of the perspectives to morality in business may seem plausible; the reality of business clearly indicates that morality is intrinsic in the purposes and existence of business. The study further observes that the functional activities of business are pre-supposedly subjects of moral value judgment. The study posits that efforts should rather focus on discussions and concerns on moral benchmarks for sustainable business practices in view of emerging socio-cultural and global dynamics. It concludes that appropriate synthesis of perspectives is the way to go in order to enhance business education among students and practitioners in Nigeria.

Highlights

Business ethical analysis is an emerging thought-form in the field of applied ethics
Douglas Sherwin in his famous paper entitled “The Ethical Roots of Business System” published in 1983 by Harvard Business Review catalogued the imperative of morality in business organization
His focus was based on perspectives from business primary existence

Summary

INTRODUCTION

Business ethical analysis is an emerging thought-form in the field of applied ethics. Shareholders are entitled to higher return corresponding to the real chance they have to loose whole or part of their investment (Elegido.J. 1996), aside from profit considerations, we believe there is always be the need on the part of business organization to give considerations to the impact of their activities on people and institutions that are connected or affected by what they do Consideration in this sense refers to the value of right attitude, duty, fairness and justice, which are necessary compliment to the fundamental profit objective of a business organization. For those who are opposed to morality in business, they often use the issue of locus of moral responsibility in business organization as a ground to justify of their position. The invention of corporate governance has generally allayed the fear of locus of moral responsibility in organizational center

A Critical Synthesis

CONCLUSION