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Legal and Ethical Business Environment Paper

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LEGAL AND ETHICAL BUSINESS ENVIRONMENT

The business environment is all external and internal factors that influence the operations of

the business. These factors include the employees, demand and supply, management, customer

needs and expectations, clients, owners, suppliers, government policies, technology

advancement, social trends, market trends, economic changes among others. For positive growth

of any business, both internal and external factors must be ethical and legally accepted.

INITIAL PERSPECTIVE

As stated above in the business environment description, it is essential to understand how

these factors affect business both from within and outside. While there isn't any standard weight

to justify the most valued or standard procedure to come to a consensus of what ethical and legal

environment entails, there are the generally accepted standard behaviours that take precedence

depending on one's interest. The procedures to reach the generally accepted standards rely on

one's profession, religion and or socio-political status.

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ETHICAL CONSIDERATION IN SUPPORT

The generally accepted standard behaviours for positive growth of business hold beliefs that

have no particular precedence as each varies depending on an individual or profession.

Continuous update of these behaviours is mandatory to keep in touch with the current

advancement in technology. Again, with developments in standards of living and progress in

education technology, it is undeniably right to come to a nearly precise or more transparent

understanding of what the generally accepted behaviour means. As Hobbes explains, the

acceptable standards with a specific reliance on the supernatural being (God) can relatively be

approved by the majority with a clearer understanding of the set goals.

FIRST INITIAL: ETHICAL CHANGE OF LAW

With the advancement in technology and more precise understanding of what the general

public wants, it is necessary to accept changes in law as in most cases the law and ethical values

clash at one point or another (Frederic G. Reamer 15). Frederic argues that laws must be obeyed

at all cost but admits that some rules are unjust considering the prevailing circumstances. At this

point, it is right to consider changing the laws to avoid a violation by the general citizens of

goodwill.

FIRST INITIAL: ETHICAL MAINTENANCE OF THE LAW

Just like the tools and machines should never run without preventive maintenance measures,

so should the laws. Most businesses run into losses of about six percent annually due to

negligence of ethical maintenance of the law. Once the potential customers have noticed

negligence in handling problems related to moral values, they seize to do business with the

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Surname1 Name: Instructor: Course: Institution: Date: LEGAL AND ETHICAL BUSINESS ENVIRONMENT The business environment is all external and internal factors that influence the operations of the business. These factors include the employees, demand and supply, management, customer needs and expectations, clients, owners, suppliers, government policies, technology advancement, social trends, market trends, economic changes among others. For positive growth of any business, both internal and external factors must be ethical and legally accepted. INITIAL PERSPECTIVE As stated above in the business environment description, it is essential to understand how these factors affect business both from within and outside. While there isn't any standard weight to justify the most valued or standard procedure to come to a consensus of what ethical and legal environment entails, there are the generally accepted standard behaviours that take precedence depending on one's interest. The procedures to reach the generally accepted standards rely on one's profession, religion and or socio-political status. Surname2 ETHICAL CONSIDERATION IN SUPPORT The generally accepted standard behaviours for positi ...
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Tags: business Business Environment Ethical Business Environment Legal Business environment ethics and law