Wednesday, July 24, 2013

Business and Ethics

It is superfluous to say that the nature and finality, the significance and implications plus the import and consequences inherent and relevant to the world of business are so profound in context and so extensive in reach that continuous researches thereon are required for its due understanding and appreciation – even if only for the following more salient reasons:

The complexity of the world itself plus its practically unending and fluid transit from one socio-economic situation to another, cannot but have its continuously changing impact on business the world over. One thing is certain and clear: Just as the world is not getting simpler to understand and explain, so too is the turn or spin of business becoming harder to grasp and fathom. The advent of war and/or famine not to mention climate change and the like, neither makes the world less complex nor business less complicated and unpredictable.

The profound and far reaching aspirations of humanity, particularly in terms of different people with different visions and consequent perspectives, cannot but contribute to the growing intricacy of business – both in the national and international levels. In other words, the needs and demands of in this or that section of the world – if not all over the globe – contribute much to the growing diversity or commonality of business preferences, actual investments and management practices.

It is wherefore good to take not that there are cardinal rules of Ethical Science or fundamental norms of Moral Philosophy that substantially remain the same in their contents, implications, and applications. This is why no matter how complex is the sphere of business in this ever changing world of realities, the over-all ethical rules and conduct regarding business vis-à-vis humanity remains the same. Examples: Stealing is neither for the upright nor the wise. Desiring what rightfully belongs to others is not the way of the prudent and the honest. Temporal goods have not only their personal but also social dimension. Business is not only for capital profit but also for the common good. Business is for man, not man for business.

In principle, the moment a properly human act is placed – either for the deliberate pursuit of good of the intentional avoidance of evil – conscience not only becomes relevant but also significant. And business being a venture preceded by innumerable successive/progressive human acts, may not but have recourse to conscience – a truly important and highly relevant human attribute that tells the human agent what is the right, the just, and proper thing to do or avoid from doing. This is why business without a conscience is a misfortune for individuals, a liability for communities, and a malediction for the world in general. Business hand-in-hand with ethics is redeeming reality of people as a whole.