The purpose of this paper is to determine the consistency of the moral and ethical value systems that guide the practices of organizations that make up the economic fabric of the nation. As scientific advancements and new technologies become readily accessible society experiences the consequences as well as the benefits. Are the decisions of individuals charged with fiscal soundness ethically neutral? What is the impact to society if ethical considerations fail to keep pace with rapid scientific and technological growth? Ultimately, who is responsible?
Because the society we live in is fundamentally based upon performance and profit, it is necessary to impart a sense of corporate social responsibility in regard to modern commerce. Purpose, principle and consequence are the vehicles of ethics in business. They are fundamental components of any organization’s social performance. Utilizing these components involves incorporating the interests of ethics and morality into the corporate structure. These are essential concepts that may be absent from a managerial standpoint. Corporate social responsibility should exist within every company's infrastructure.(1) However, social integrity is
Business today involves areas of profitability that didn’t exist as little as twenty years ago. Technologies appear in society increasing in kind and speed. These new methods and sciences are accompanied by assumptions about their inherent benefit to mankind. But shortly after they appear questions often arise due to unintended and unforeseen consequences or unclear implications for established moral values.