Business Ethics

The Parable of the Sadhu narrates a story which happened on a hike in Nepal. Bowen H. McCoy, the author, and a group of mountaineers decided to clothe and give provisions to a holy man who was hypothetic, but not to care for the man anymore. The man was Sadhu. The article moves to details to highlight more dilemmas and ask questions concerning the author’s moral responsibility and the group’s responsibility in such a situation. This creates the underlying question of whether or not individual and group’s ethics is applied to the business world. According to McCoy, ethics are difficult, but common values and the corporate culture derived from thoughtful personal values are often integral to the success and health of every business (Andrews, 1989).

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The assumptions are true when contributors are not focused and piecemeal which is typically the case in many companies today. However, there could be another way of thinking philanthropy. Corporations could invest their charitable efforts to improve their competitive structure, the business environment and the location in which they operate. Employing philanthropy to enhance context results to social and economic goals and improves the long-term business of a company. In addition, addressing the contexts does not only give profits to a company, but also leverages its capabilities and relationships to support charitable causes. This provides social benefits even more than those provided by donors, foundations and governments (Teece, 2010).

References
Andrews, K. R. (1989). Ethics in Practice: Managing the Moral Corporation. New York: Harvard Business Press.
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Federhen, D. (2004). The social responsibility of business…” – A position paper on Milton Friedman. New Jersey: GRIN Verlag.
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Jennings, M. (2014). Business Ethics: Case Studies and Selected Readings. Chicago: Cengage Learning.
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Schreck, P. (2009). The Business Case for Corporate Social Responsibility. New York: Cengage Learning.
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Staller, K. M., & Carr, E. H. (2009). SW 825 Historical and Contemporary Issues in Social Work and Social Welfare. 15.
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Teece, D. J. (2010). Business Models, Business Strategy and Innovation. 194.
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