ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Business ethics typically involves five kinds of activities. Assess and detail each one

Updated on March 8, 2015

A detailed assessment of the five activities of business ethics

By definition, business ethics are the moral principles that define how companies should behave. They are the principles that define how the partakers of a business should conduct their business activities. Business ethics define practices that are morally wrong and those that are morally right or acceptable within a business. Ethical businesses are the ones that uphold and follow the ethical practices. However, the five main activities of business ethics originate from the five principles of business ethics.

The first activity of practicing business ethics is to maintain good records of accounting. It entails keeping a good record of business or company resources and any other transactions undertaken within the business. It also entails making a clear record of how those resources become utilised for the benefits of both the business and clients. Maintaining a clean record of accounting is very important to a business because it helps prevent any dubious activities that are ethically wrong within the business (Kohl, 2012). For example, it prevents the employees from taking bribes. It also controls theft of inventories or money, which is ethically wrong. On the side of clients, it ensures that goods and supplies delivered are of the right quality and quantity. This is because selling goods of wrong quality, and quality to customers is ethically wrong. It spoils the reputation of a business, destroying customer loyalty. In case of conflicts within the business, clear records of accounts serve as good sources of reference. This helps in solving business conflicts amicably, which is an ethical practice.

The second activity of practicing business ethics is to keep and maintain clean business records. Business managers should make sure that all organizational and departmental documents are concise and precise. They should ascertain that these documents do not misrepresent or misinterpret the company. The documents should be professional in order to prevent conflicts from arising within the business sector. For example, businesses should constantly review their adverts to ascertain that they do not ruin the names of their competitors and result to conflicts. This is what entails fair competition among businesses and is ethical (Kohl, 2012).

The third practical activity of an ethical business is the attainment of its obligations. Ethical businesses must attain their main obligations in order to be ethical and meaningful. The main obligation of a business is to meet the demands of its customers while at the same time making profits. This entails doing every possible thing in order to attain the trust of both employees and clients (Kohl, 2012). Managers who uphold business ethics make sure that employees serve their clients well. They also make sure that the business timely meets its obligations and commitments to the employees. When unforeseen barriers block or events prevent businesses from meeting their obligations to employees and customers, managers ought to communicate challenges to the concerned individuals. They then collectively work to come up with solutions to the problem and restore everything into order.

Creating trust and integrity among the clients and employees is the fourth activity of business ethics. Ethical businesses attain trust by showing respect to every stakeholder. It involves respecting customers, employees and everybody else according to the respect they deserve (Kohl, 2012). All customers and shareholders want to trade with businesses that they trust. For example, employees want to work in an organization or a business that they trust to treat them well, pay good salaries and give them a chance to expand their expertise, knowledge, skills and gain more experience. Suppliers want to deliver their goods to businesses that they trust to pay them well: pay their debts or credits in time and honour their promises when it comes to the issues of giving out tenders and contracts. Similarly, customers want to buy their goods from businesses that they trust to supply them with cheap goods. They also want to trade with businesses that deliver goods in time. This effort of businesses to meet the demand of their customers is what creates customer loyalty.

The fifth activity of an ethical business is to engage in corporate social responsibilities. Businesses attain this by getting involved in community related activities as a show of concern and care for the community (Kohl, 2012). Examples of how businesses contribute to community related activities are by funding community programs and developing the community in general. Others can adopt environmentally friendly means of production as a symbol of care and conservation of the environment. In addition, businesses or companies that produce toxic wastes can adopt methods of first neutralising their wastes before dumping them into the environment. They also ensure safe dumping to reduce the rate of environmental pollution. They can also join the community to come up with projects that conserve the environment by planting and conserving as many trees as possible, which is ethically right.

She is gorgeous! Right??

See results

PweetyDez LKabyl

In conclusion, ethical practices within a business are very detrimental for success. They involve maintaining good records of accounts, keeping clear, concise and professional documents and creating trust and integrity among their customers. They also entail engaging in social responsibilities as a show of care, concern and appreciation to the community.

Work cited

Kohl Tammy. (2012). Five key principles to business ethics. Retrieved on 3rd January from:


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)