... values and cultures. Furthermore as commerce and business became more complicated and dynamic, organizations realized that they needed more guidance to ensure that their dealings supported the common good and did not harm others. In the 1960's, since the birth of the social responsibility movement, business ethics has come to be considered also as a management discipline. These movements asserted that because businesses were making a profit from using their country's resources, these businesses owed it to their country to work to improve society. Many entrepreneurs have recognized this broader constituency and in their planning and operations have replaced the word "stockholder" with "stakeholder", meaning to include employees, customers, suppliers and the wider community. More important business ethics seek answers to real life problems which often involve conflicts of "right versus right" and clashes of moral principles. For example, if an entrepreneur is confronted with a ...

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