Business ethics. The relevance of value-creating teachings in the contemporary business environment
Journal Title: Dezbateri social economice - Year 2015, Vol 7, Issue 4
Abstract
The objective of the present study is the research of the main philosophical theories and ethical teachings that are able to frame a new business environment, dedicated to the creation of value, not only for shareholders, but also for stakeholders. Multinational companies have the opportunity to benefit from the values formulated by ancient ethical philosophy, moral doctrines of duty or the protestant ethics, for example: ”justice as the supreme virtue”, according to Aristotle; the sense of duty – “great and sublime name” and the Kantian categorical imperative; the continuous work and the rational control of the earnings, according to the protestant ethics school of thought. The considerable argument of the research is related to the fact that in the international post-crisis context these values have the mission to help the multinational companies to adopt new business strategies, in order to be ethically responsible and to have a sustainable behavior, characterized by long-term benefits, not only for the financial performance of the company, but also for the economic and social support of the communities.
Authors and Affiliations
Oana Maria Albescu
Keywords
Related Articles
- EP ID EP95913
- DOI -
- Views 136
- Downloads 0
The Role of Tourism in the Economies of BRICS Countries
Social Security Schemes in the European Union
The issue of social security is well represented within the ILO's concerns, and documents bearing upon social risks are defined and specified, in the preamble of its Constitution yet (1919), the ILO governing e...
Quality Assurance in Management for Food Services
The consumer is sensitive to quality issues, so it’s particularly prompt response to quality is. Quality of products aimed at energy, especially biological value and hygienic That cannot be directly value perce...
The Increasing Importance of Transfer Pricing and the Tax Strategies of the Transnational Corporations
Dividend Policy and Payout Ratio. Evidence From Bucharest Stock Exchange
Dividend policy is one of the key elements of financial management, a task and a responsibility for the company's managers. By dividend policy we refer to the way in which managers decide the size and the distr...