Incorporating Business Ethics into Governance for Sustainable Organizational Development; The Small Scale Approach.

Abstract

It has become a cliché that environmental problems are substantial, and that business contributes to them. A common response is stricter environmental regulations, which often inhibit growth. The result can be a trade-off between a healthy environment on the one hand and healthy growth on the other. As a consequence, opportunities for business may be constrained. However, there are some forms of development that are both environmentally and socially sustainable. This is what sustainable development is all about - a revolutionary change in the way we approach these issues.

This paper has identified three major connections namely bearable, viable and equitable between the field of business ethics and sustainable organizational development. The paper has further suggested ways to strengthen this relationship for improved sustainable business development to all who are affected by the business. These suggestions have been group under the three connections. Some of these are the 3Rs, going green, fair and equitable remuneration. Fusing all three connections together, business must practice the “law of karma” and desist from “tragedy of commons”.

Keywords: Business ethics, Sustainable Development, Small Scale

JEL Classification: G30