Law and Ethics in the Business Environment
Business ethics has been described as the very spirit of the law. That spirit emanates from morality, which in turn, draws from personal values. This paper discusses the approaches by which the law provides for standards and compliance in business. It discusses and demonstrates how ethics is applied in the business environment in 7 present-day scenarios: privacy, affirmative action, sexual harassment, product liability, safety in the workplace, environmental production and intellectual property.
Analysis of microfinance and rural entrepreneurship in developing contexts
The objective of this study is to conduct an analysis of the field of entrepreneurial finance and to describe important issues or current dilemmas in the field. Toward this end, this study will conduct an extensive review of literature in this area of inquiry.The difference between rural and urban entrepreneurship is reported in the work of Ahirrao and Chaugule (2010) to be "only a matter of degree rather than the content." (p.1) Ahirrao and Chaugule state that "It is essential to have a balanced regional development of the country and to avoid the concentration of industry in one place. Rural areas must try for better utilization of human resources to improve the rural economy." (2010, p.1) The industrial unit in rural areas or rural industries include such as "handlooms, handicrafts, sericulture, agro-based units, service industries, rural workshops, metal-based industries, dairy and related activities" as well as others. (Ahirrao and Chaugule, 2010, p.1)
Moral foundations of capitalism: philosophical perspectives and analysis
Capitalism is an economic system that is responsible for a great deal of the industrialization in the 21st century world. With the downfall of feudalism came the epic rise of capitalism over the western world. Primary elements of capitalism include wage labor, competitive markets, the ownership and privatization of means of production, accumulating capital, and producing goods or services as means for income and/or profit. Capitalism may be referred to by several other names, some of which include a market economy, a self-regulating market, or a free market. These and other terms may be synonymous for capitalism. Over the centuries, there has been great protest and great support for capitalism and its effects. This paper will provide a comprehensive understanding of capitalism and question the morality of capitalism—is capitalism amoral, immoral, moral, or something else altogether? The paper will endeavor to answer this question and justify a moral critique of capitalism.