Ethics and Social Responsibilities

Ethics and Social Responsibilities

            Ethics and Social Responsibilities are vitally important aspects of conducing business, both in the United States and globally.  Recent corporate scandals such as those of WorldCom and Enron highlight the necessity of both increased ethical awareness and government regulation.  While at times it seems disappointing to consider that a government must strictly regulate many aspects of a company’s conduct, it is in fact a necessity due to several factors.

            Two important factors are that of ethics and socially-acceptable behavior.  Throughout the world, and even locally, what is considered ethical and socially-acceptable varies greatly.  Using the United States as an example, cultures, ethnicity, and individual backgrounds are so diverse that creating an ethical standard is quite simply a necessity.

Assertion

            This paper will focus on the belief that strict government regulations are necessary to make companies behave ethically.