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Ethics Overlap

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Some business ethicists maintain that whereas personal ethics has to do with right or wrong behavior, business ethics is concerned with appropriate behavior. In other words, ethical behavior in business has less to do with moral principles than with what society deems to be appropriate behavior in the business context.
1. Do you agree with this distinction?
2. Do personal and business ethics ever overlap?
3. Should personal ethics play any role in business ethical decision making?

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Some business ethicists maintain that whereas personal ethics has to do with right or wrong behavior, business ethics is concerned with appropriate behavior. In other words, ethical behavior in business has less to do with moral principles than with what society deems to be appropriate behavior in the business context.
1. Do you agree with this distinction?
I agree with this distinction to a limited extent. Appropriate behavior in a business stems from business culture, business environment, and from the legal framework that affects the business. For instance, if the business culture supports a policy of telling the truth, the company salesperson is less likely to tell a lie. Similarly if the business environment in a foreign country requires the payment of grease money then the behavior of paying grease money is believed to be appropriate. Finally, if the Sarbanes Oxley Act requires the CEO of a public company to sign the financial statements and be responsible for the information in these statements, the CEO has to ...

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