Why Study Ethics?

55 Pages Posted: 7 Jul 2023 Last revised: 14 Aug 2023

See all articles by Lawrence J. Trautman

Lawrence J. Trautman

Prairie View A&M University - College of Business; Texas A&M University School of Law (By Courtesy)

Lois Blyden

Prairie View A&M University

Nanci Carr

California State University, Northridge - Department of Business Law

Jehan El-Jourbagy

Georgia College

Larry D. Foster, II

Prairie View A&M University - College of Business

Chelsea Green

Miami University Farmer School of Business

Bruce W. Klaw

University of Denver, Daniels College of Business; University of Denver, Daniels College of Business, Dept. of Business Ethics and Legal Studies

Robert W. McGee

Fayetteville State University - Department of Accounting

Santiago Mejia

Fordham University - Gabelli School of Business

Karen Meyers

Miami University of Ohio

Eric Sader

Indiana University - Kelley School of Business - Department of Business Law

David D Schein

University of Saint Thomas, Houston - Cameron School of Business

Cari Sheehan

Indiana University

Date Written: July 2, 2023

Abstract

Our laws have sought to promote “and enforce a sense of morality in the business community. Well-settled laws regulating fraud, undue influence, fiduciary relationships, confidential information, truth-in-advertising, fair reporting practices, etc., have their origins in moral codes and philosophies.” Professor Dan Herron has observed that, “managerial ethics and corporate social responsibility is an aspect of business functions which should not nor cannot be studied in isolation. Any course which deals with business decision-making, whether it be from personnel problems to marketing decisions to corporate strategy formation must incorporate the ethical/social component as an integral facet of the decision-making process itself. A productive approach to the study of ethics focuses on “the origins, justifications, and applications of morality in the market place by analyzing the concepts and applying them in real-life situations.” This can be examined from two perspectives: the manager/employee as a decision-maker; and the corporation as a moral agent.”

In the pages to follow, we present an overview of the various ways ethics impact our everyday lives. The authors believe this article contributes to a discussion about ethics and exploration of how these issues may be considered deserves everyone’s attention. The history of business illustrates that ethical failures often result in widespread suffering and economic destruction. We hope you find this article thought provoking.

Keywords: Adelphia Communications, artificial intelligence, Budweiser, cancel culture, climate, consumer protection, Disney, employment, Enron, environment, ethical reasoning, ethics, FCPA, food insecurity, fraud, FTX, General Motors, job discrimination, Bernard Madoff, pollution, politics, privacy,

JEL Classification: K10,K11,K12,K13,K14,K20,K21,K22,K23,K30,K31,K32,K33,K34,K35,K36,K37,K40,K41,K42

Suggested Citation

Trautman, Lawrence J. and Blyden, Lois and Carr, Nanci and El-Jourbagy, Jehan and Foster, II, Larry D. and Green, Chelsea and Klaw, Bruce W. and McGee, Robert W. and Mejia, Santiago and Meyers, Karen and Sader, Eric and Schein, David D and Sheehan, Cari, Why Study Ethics? (July 2, 2023). Available at SSRN: https://ssrn.com/abstract=4497895 or http://dx.doi.org/10.2139/ssrn.4497895

Lawrence J. Trautman (Contact Author)

Prairie View A&M University - College of Business ( email )

Prairie View, TX
United States

Texas A&M University School of Law (By Courtesy) ( email )

1515 Commerce St.
Fort Worth, TX Tarrant County 76102
United States

Lois Blyden

Prairie View A&M University ( email )

PO Box 188
Prairie View, TX 77446-0188
United States

Nanci Carr

California State University, Northridge - Department of Business Law ( email )

United States

Jehan El-Jourbagy

Georgia College ( email )

Milledgeville, GA 31061-0490
United States
4784458662 (Phone)
31061 (Fax)

Larry D. Foster, II

Prairie View A&M University - College of Business ( email )

Prairie View, TX
United States

Chelsea Green

Miami University Farmer School of Business ( email )

Oxford, OH 45056
United States
513-376-0305 (Phone)

Bruce W. Klaw

University of Denver, Daniels College of Business ( email )

2101 S. University Blvd.
Denver, CO 80210
United States

University of Denver, Daniels College of Business, Dept. of Business Ethics and Legal Studies ( email )

2101 S. University Blvd
Denver, CO 80208-8921
United States

Robert W. McGee

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

Santiago Mejia

Fordham University - Gabelli School of Business

Karen Meyers

Miami University of Ohio

Eric Sader

Indiana University - Kelley School of Business - Department of Business Law

David D Schein

University of Saint Thomas, Houston - Cameron School of Business ( email )

United States

Cari Sheehan

Indiana University

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