Are traditional Western ethical theories still relevant in a cross-cultural and entrepreneurial business world?
Ethics is an area of business largely left to the imagination. Typically, managers are guided by the company code or culture, or at least have a person higher up the hierarchy that they can refer to when faced with a decision containing ethical dimensions. Entrepreneurial managers, being opportunistic and often working alone, may overlook or even ignore the ethical elements of business decisions. Under circumstances of intense competition and the need for expediency, conflicting priorities arise and the entrepreneur may be faced with certain dilemmas. In seeking to resolve these, entrepreneurs must usually rely on their own judgment to determine what is right. Since moral choices have a significant impact on business decisions, and given the fact that entrepreneurs usually make those choices without requesting advice from people well-versed in ethics, it is important to know whether or not they are likely to have ethical bias or particular orientation. Traditional Western ethical theor
Ethics is an area of business largely left to the imagination. Typically, managers are guided by the company code or culture, or at least have a person higher up the hierarchy that they can refer to when faced with a decision containing ethical dimensions. Entrepreneurial managers, being opportunistic and often working alone, may overlook or even ignore the ethical elements of business decisions. Under circumstances of intense competition and the need for expediency, conflicting priorities arise and the entrepreneur may be faced with certain dilemmas. In seeking to resolve these, entrepreneurs must usually rely on their own judgment to determine ‘what is right’. Since moral choices have a significant impact on business decisions, and given the fact that entrepreneurs usually make those choices without requesting advice from people well-versed in ethics, it is important to know whether or not they are likely to have ethical bias or particular orientation. Traditional Western ethical the
