Business Ethics in Theory and Practice: Diagnostic Notes B. "A Prescription for Profit Maximization"

A different approach to business ethics is recommended. The first step is to identify the basic assumptions, principles, and objectives of business itself as a valid, sui generis enterprise; and, from that perspective, identify the ethics of business. Religion, philosophy and law are not excluded fr...

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Bibliographic Details
Published in:Journal of business ethics 1997-02, Vol.16 (3), p.315-322
Main Author: Primeaux, Patrick
Format: Article
Language:English
Subjects:
Accounting profit
Business
Business ethics
Corporate responsibility
Diplomacy
Economic theory
Individual ethics
Methods
Morality
Opportunity costs
Philosophy
Philosophy of law
Principles
Profit maximization
Religion
Religious laws
Studies
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Summary:A different approach to business ethics is recommended. The first step is to identify the basic assumptions, principles, and objectives of business itself as a valid, sui generis enterprise; and, from that perspective, identify the ethics of business. Religion, philosophy and law are not excluded from that methodology. They provide the tools needed for this kind of analysis and also provide important criteria for self-criticism. The approach defines business ethics as originating in business theory and practice. Ethics for business is expressed in the language of business. These objectives are accomplished within a context which appreciates business as a corporate enterprise which values profit.
ISSN:0167-4544
1573-0697
DOI:10.1023/A:1005715916297