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Business Ethics and Sustainable Development

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Definition

Ethics is the study of human behavior, encompassing the rational dimension of morality, which “is concerned with the norms, values and beliefs embedded in social processes which define right and wrong for an individual community” (Crane and Matten 2004:11). When such principles, as postulated by Steiner and Steiner (2003), are entrenched in business operations, often in codified or written form (Harris 2002), these fall under the term “business ethics.” This refers to when business actions, situations, activities, and decisions at an individual or corporate level are taken with moral adequacy being the main crux (Goodpaster 1998; Crane and Matten 2010:5).

Introduction

Even though the phrase Good ethics is good business has gained reconnaissance in corporate discourse, it should not be considered as a panacea applied universally and utopically in each and every context to justify its implementation. As Singer (2018) states, the legal and political context, which determines...

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Correspondence to Clinton Cassar .

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Cassar, C. (2019). Business Ethics and Sustainable Development. In: Leal Filho, W. (eds) Encyclopedia of Sustainability in Higher Education. Springer, Cham. https://doi.org/10.1007/978-3-319-63951-2_39-1

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  • DOI: https://doi.org/10.1007/978-3-319-63951-2_39-1

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