BUSINESS ETHICS

Authors

  • Ivan Šijaković, PhD Faculty of Economics, University of Banja Luka

Keywords:

business ethics, trust, social capital, business atmosphere, collective ethics, ethics of the individual, boundaries of business ethics.

Abstract

Modern economic and business dynamics asks for greater openess, freedom and liberalism of all economic subjects. That implies high degree of trust or social capital, i.e. it starts a dilemma on relationship between the economy and ethics. New research in this field show that the absence of ethical standards in business cause great damage to particular companies as well as to overall world economy. That is why more and more attention is given to this subject in researches and education.

Business ethics has its two main dimensions of expressing and manifesting and those are collective, group and individual ethics. The collective ethics includes ethical procedures in business decisions of the management of the company regarding outer subjects and environment but ethical relationships inside the company as well. On the other hand, an individual who does not possess the elementary principals of personal business ethics and lacks in overall moral standards, one who is always ready to deceive, to put his personal interests above the interests of the collective, law, standards of common business morale and human relationship and to obstruct business atmosphere.

The basic question that is set in the analysis of business ethics and relationship between the economy and ethics is the following: where is the boundary that determines whether something in business is moral or not? To set the boundary of business ethics represents great challenge for every manager but for all the employees as well. That is the matter of personal decision, own perception of situation, needs, interests and motives, own moral integrity but a matter of cultural inheritance as well, expectations and pressure that comes from the company and the environment.

Downloads

Download data is not yet available.

References

John Dalla Costa, The Ethical Imperative: Why moral leadership is Good Business, Perseus Publishing, 1998.

Marshall Schminke. Moral management of People and Processes, Lea, 1998.

Lorens E., Hantington S.P. Kultura je važna, Plato, Beograd, 2004.

Kar, Albert Z., Da li je blefiranje u poslu etično? U Đon Dramond i Bil Bein: Poslovna etika, Clio, Beograd 2001.

Riderstrale, J. Nordstrom, K., Funky Business, Plato, Beograd, 2004.

Post James, E., Frederick William, C., Business and Society, Corporate Strategy, Public policy, Ethics, McGranj-Hill, 1996.

Williams, G.J. Ethics in Modern Management, Quorum Books, 1992.

Selekman, Benjamin, M. Power and Morality in a Business Society, McGraw_Hill. 1956.

Bruce, NJ. Classics of Administrative Ethics, Westvienj Press, 2001.

Francis, R.D. Ethics and Corporate Governance, University of New South Wales Press, 2000.

Downloads

Published

2005-09-30

How to Cite

Šijaković, I. (2005). BUSINESS ETHICS. Acta Economica, 3(3), 118–128. Retrieved from http://ae.ef.unibl.org/index.php/AE/article/view/300

Issue

Section

Review article