Write a 3000 word report on the following topic: "It is no longer good enough to proclaim that businesses and ethics belong to two different worlds, the challenge for modern leaders is how...

BUSINESS AND ETHICS
Table of Contents
Introduction    3
Business and Ethics    3
Traditional and Modern Ethics    4
Traditional Ethical Thinking    4
Modern Ethical Thinking    4
Diversity in the Workplace    5
Globalization and Ethics    6
Corporate Social Responsibility (CSR) and Ethics    7
Sustainability    8
Conclusion    9
References    11
Introduction
Businesses and ethics these two words belong to different world few years ago. However, the present scenario supports the facts that in present time, the business and ethics are interlinked with each other and it formed a new concept called the business ethics. Business ethics consider the business practices and the policies that relates to several existing controversial topics in the business world including
ibery, corporate governance, discrimination, corporate social responsibility (CSR) and several fiduciary responsibility. The business and the ethics combine together to deal with these several existing things in the business world. However, the law also guides the business ethics but the business ethics provides the general and the basic guideline that business can follow to get a wider approval from the public. The existence of the business and ethics together become obvious the major challenge that follows is for the modern leaders so that they can successfully combine the two and extract the best outcome from it.
The ethics guides business in not only particular areas, it guides the business in almost every area it operates whether it is the globalisation of the business, CSR, sustainability, diversity in the workplace and many more. The leaders of the organizations are the main essential person who decides the strategy, planning and the approach of the organization that is one of the reason it become the prime concern of the leaders to effectively combine both the factors to extract the best possible result out of it. The several theories related to the ethics proclaims the fact what are the major essential reasons the ethics is associated with the business how it could help the company in attaining more and more profits and establishing itself in the market.
Business and Ethics
Business and ethics the term that was used separately in the earlier times now submerged to become ethics in business. There was a time when the ethics was not considered of much importance it was kept as an option whether it should be indulged in the business or not. Those who want to do ethical business used it and those who ca
ies on business with only the profit motive ignores it. However, the present scenario has changed the outlook of the business now ethics has become a prime part of the business as per the perspective of business houses as well as the law. Several laws are made to establish and maintain several ethical standards in the business. The business ethics emerges as a complete new term, which is also termed as the corporate ethics or the professional ethics (Fe
ell et al., 2019).
The ethics is considered important as per the business point of view as with the ethics as the major guidelines the company as well as its employees tends to make better decision. The better decisions made by the company simultaneously increases the productivity and the morale of the employees. The honesty and the integrity has become the major part of the business houses (Robertson, Voegtlin & Maak, 2017).
Traditional and Modern Ethics
Following the agenda the ethics is classified in two categories the traditional and the modern ethics. The division is based on the thinking what were the actual thinking regarding the ethics in these particular time.
Traditional Ethical Thinking
The traditional ethical thinking goes on with the fact that the sacred canopy provides the context for all of human life. It provides a justification that the god’s authority is the ultimate justification for any ethical norms. It proclaims the fact that the god creates everything in this world and has a unique purpose in the universe. The main goal of a person is to fulfil the purpose set for him by the god. By fulfilling the purposes, the individual will be aware of their full potential and try to be the best human. The traditional ethics mould with the idea that the behaviour of the person helps them to be the best. The traditional ethics tend to help the person in several situations and in a series of prohibited activities, which they initially need not to perform and provides a direction to them in the best possible way (Vitell, 2015).
Modern Ethical Thinking
The modern ethical thinking did not go on with the fact of the sacred canopy. The modern ethical thinking justifies and evaluates the things as per the authority of the human reasons. The most basic rule considered human activity for a modern person is to maximize the personal freedom and limit the harm caused to others by ones action. The modern ethical thinking renders to maximize the human freedom and tends to reduce ethics to a series of rules and procedures that can be possibly used to prevent the harm to others (Sroka & Szántó, 2018).
There are certain areas which uses the ethics as there possessed base. The area includes the certain ideologies of the ethics.
Diversity in the Workplace
According to the ethical theories, diversity in the workplace plays a very important role in the success of the organization. For the business leaders it is very important to take into account that how the diversity and the ethics in the business may affect the success of the organization. The diversity in the workplace should be taken into account with the several legal and ethical considerations. Apart from that productivity as well as the profitability, issue is also related to that. No matter how the leader or the manager portrays the situation creative the habitual positive rules revolving around the diversity and the ethics is the best option for the business (Alwagfi, Aljawarneh & Alomari, 2020).
Concerning the ethical behaviour it is found in the workplace on the moral compass of the company which is considered as a clear reflection as the owners and the seniors of the company. Ethical behaviour in the business is also comprised of the fact of choosing the right path and mode in the business no matter if anyone is...