What Is Morality Essay Example | Topics and Well Written Essays - 1000 words

What Is Morality - Essay Examplering of pension plans or their consummate(a) termination reductions in health care benefits and wage stagnation in spite of increased returniveness (Feldman, 2007).Indeed, it is through these ethical issues that a redefinition of the essence of business is important. Specifically, it is crucial to ask (1) is the essence of business strictly based on profitability and growth? And (2) should businesses be regarded as moral agents (and therefore be amenable for their actions)?While it is true that profit drives the business as it sustains business trading operations, it is not the sole determinant of profitability. Unfortunately, roughly businesses today solely focus on serving one type of stakeholdertheir end consumersthat they fail to strike their other publics employees, society, and the environment.In this regard, the implementation of the aforementioned ways to cut down costs may very end up costly for the company, as these may lead to (1) ba d publicity affecting product loyalty (2) lawsuits being filed to address improper employee treatment and (3) investment withdrawals by image-sensitive shareholders. All of these examples reinforce the effect that ethical business practices can indeed translate to business profitability.However, it must be pointed out that cover ethicality as a mere tool for profitability remains conceptually ambiguous, especially when attempting to shed soft on their stark differences. This is why revisiting the essence of business is significant in order to glean insights on what the business is and how it should act.To begin, it must be made clear that a company is a separate and self-determining entity since it is comprised of tender beings who are completely capable of controlling the businessthrough culture creation, strategic business alignments, and operations planningin order to achieve its goal of profitability. In this regard, any company is said to be free, and is therefore given its rights and