Dr. David Ackah PhD.1, Makafui R. Agboyi2, & Obiri-Yeboah3
Golden Sunbeam University of Science & Technology, 1 Accra Polytechnic, Department of Purchasing & Supply Department2, Accra Polytechnic, Department of Purchasing & Supply Department3
Abstract
Business ethics is the application of ethical theories and concepts to activity within and between commercial enterprises, and between commercial enterprises and their broader environment. It is a wide range of activity, and no brief list can be made of the issues it raises. The safety of working practices; the fairness of recruitment; the transparency of financial accounting; the promptness of payments to suppliers; the degree of permissible aggression between competitors: all come within the range of the subject. So do relations between businesses and consumers, local communities, national governments, and ecosystems. Many, but not all, of these issues can be understood to bear on distinct, recognized groups with their own stakes in a business: employees, shareholders, consumers, and so on. A central question concerns how businesses ought to weigh the interests of different stakeholders against each other; particularly what moral import to give to profit-making (presumably in the interest of shareholders in large corporations) (Holtzapple and Recce 2003) they defined ethics as “The general and abstract concepts of right and wrong behaviour were derived from philosophy, theology, and professional societies. “In the same way, (Martin and Sherry, 2000) in their terms say ethics means moral principles through ethical, cultural and religious irrespective of the situation or circumstance. They claim that ethics should be based on character or behaviour. Trust could be embraced when these values are maintained. Ethics is said to be “that branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions”.
Keywords: Ethics, Ethical Behavioural, Organizational Improvement
