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It was once believed that business and ethics constituted separate andmutually exclusive realms. Businesses that perpetuate such a belief or stillhold that "business ethics" is an oxymoron are at risk.If you are a manager, you may have been called on to actively promoteethical-organizational integrity. But this means understanding the definingprinciples of and creating an organizational culture that measurablyencourages ethical conduct. This b...

Stakeholder theory is presently the dominant framework for analyzing ethical issues within the field of business ethics. The theory goes beyond the conventional idea that stockholders are the main group to whom corporate managers owe responsibility by arguing that all groups having a stake in a firm—suppliers, customers, employees, the local community, and others—should be considered by managers in decision-making.Despite the growth and widesp...