Abstract
Questions of right and wrong, and of good and evil, exist alongside ones of strategy, corporate governance, and economic theory. Ethical questions occur in each of the major contexts of business activity: individuals, business organizations, and business environments. The modern study of business ethics is divided into attempts to specify what is ethical on the one hand (normative enquiry), and attempts to understand how people and firms actually behave in relation to ethical standards on the other (empirical enquiry). Various models have been offered for understanding the psychology of business decision-making, the ethical purpose of the firm, and the ethical obligations of firms in specific contexts such as global business.
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Donaldson, T. (2016). Business Ethics. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_734-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_734-1
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