Business Ethics and Rational Corporate Policies

PART I

Business Ethics and Human Resources

Business ethics is a multidimensional field that most of us can instinctively understand. It is hard to be precisely defined as ethics reflects the norms and developments of each historical period. Given the subjectivity of the decision-making process, depending on the limitations of a unique individual (Ravitch 1989), the latter tend to put aside the ethical conduct under the pressure of nonstabilized environments unless an individual’s moral attitude is strong enough to avoid such dilemmas. In addition, the American Nobelist and economist Milton Friedman claimed that the only entities who can have responsibilities are people, not the businesses (Friedman 2007). Thus, considering that the corporation ...