Discuss this oxymoron in the comments below.
How & why is business ethics an oxymoron?
Ethics on business ? …. as to subject to change w/o notice !,… isn't that the time they change the subject when nobody would notice ?
Business ethics is an oxymoron because people get into business to maximize profit while ethics deals with anything other that profit. However, there is the dilemma about doing the right thing. It seems the one who abides by moral principles is usually poorer while the crook becomes richer. The dilemma arises because ethical behavior is not always rewarded and unethical behavior is rarely punished.
cynical aren’t we?
Just thought of this myself this morning, and see you already have it listed. What ethics that do exist in business are always held by the peons in the business, not the ones who run the show.
“We were just talking about business ethics.”… “Yes, no wonder we couldn’t hear anything.” -George Carline FTW
well said but ethics has to do with rules …. and whether broken or not they are there so it is not an oxymoron …duh!
and every business has rules and whether written on paper or told verbally as in ethics they are rules of behaviour
Ethical behaviour is certainly rewarded but rather in a indirect way. When a company runs and make its decision in an ethical way the reputation of the firm increases which in turn leads to the following,
3.Low labour turnover rate
4.Increase in sales
5.No government intervention
7.Greater Acceptance of new product
Also for this purpose alone we value goodwill in some basis since it affects the sales of the end product.