KATE RAMOS PABULAR REFLECTION PAPER

2BSAIS-3
ETHICS

APPLIED ETHICS: BUSINESS ETHICS

In the realm of applied ethics, the field of business ethics has emerged as a
critical area of study and debate in recent years. As businesses play an increasingly
significant role in society, their actions and decisions have far-reaching consequences.
This reflection paper delves into the ethical issues I have learned about in the domain
of business ethics, highlighting the complexities and dilemmas that arise when
attempting to balance profit-seeking with moral responsibility.

Business ethics, at its core, deals with the moral principles and values that
guide the actions and decisions of individuals and organizations within the business
world. While profitability is often the primary objective for businesses, ethical
considerations are equally crucial, as they determine the impact of those businesses on
society, the environment, and the well-being of their stakeholders.

One of the fundamental ethical dilemmas in business ethics is the tension

between profit maximization and social responsibility. Businesses are expected to
generate profits for their shareholders, but they must also act ethically and consider
the broader implications of their actions. This tension becomes particularly
pronounced when businesses face decisions that could prioritize short-term gains over
long-term sustainability or the welfare of society.

One of the most pressing ethical issues in business ethics today is the
environment. As climate change becomes an ever more imminent threat, businesses
are under scrutiny for their contributions to environmental degradation. Balancing
profit with environmental responsibility is a prime example of the ethical challenges
businesses face. Consider the case of a multinational corporation that operates in a
developing country. The corporation faces a choice: it can continue its operations,
which generate substantial profits but also result in significant environmental harm, or
it can invest in eco-friendly technologies and practices, which may reduce
profitability in the short term but benefit the environment and local communities in
the long run.
KATE RAMOS PABULAR REFLECTION PAPER
2BSAIS-3
ETHICS
In this scenario, business leaders must grapple with ethical questions. Is it
morally acceptable to prioritize profit over environmental well-being, especially when
vulnerable communities are adversely affected? How should the corporation weigh
short-term gains against long-term sustainability? What are the ethical obligations of
the corporation to its stakeholders, including employees, shareholders, and the
environment.

Studying business ethics has illuminated the complexity of ethical decision-making

within the corporate world. It has shown me that ethical dilemmas are not always
straightforward and often require a nuanced understanding of the consequences of our
actions. While businesses have a responsibility to generate profits, they also have a
moral duty to consider the broader social and environmental impacts of their
operations.

Moreover, I have come to appreciate the role of ethics in shaping the culture
and reputation of businesses. Ethical behavior can enhance trust, foster positive
relationships with stakeholders, and lead to long-term success. Conversely, unethical
conduct can lead to reputational damage, legal consequences, and harm to society and
the environment. The study of business ethics has taught me that ethical
considerations are integral to the functioning of businesses in today's world. The
ethical dilemmas faced by businesses highlight the need for ethical frameworks and
principles to guide decision-making. Striking a balance between profitability and
social responsibility is a complex task, but it is a task that businesses must confront to
ensure their actions align with moral values and contribute positively to society and
the environment. Business ethics serve as a reminder that ethical responsibility is not
a hindrance to success but rather a path to sustainable and meaningful prosperity.