Just as it has been explained above, philosophy is a way of thinking and it is also present in the field of business. A business is an activity while an organization is a systematic framework that operates on the objective of creating profits. In the world today, business is normally conducted individually, in the form of an entity or organization, and in the form of a corporation where various parties collaborate to make profits. The field of philosophy is also present in the business sector in the form of ethics.

Business ethics is a very broad field and it has gained a lot of attention from not only academicians but also business professionals. It is composed of ethical conduct in the business which protects the integrity of not only colleagues but also society. For instance, it means that a worker should not harass another junior because it is ethically incorrect. In accordance with business ethics, there are some standards which have been set by organizations in order to strengthen ethics and ethical behavior of workers.

Actually, employee behavior in the sector of business is considered very important now because it has been determined to have a profound impact on the effectiveness and success of an organization. The behavior of a worker or a manager has a direct influence on the behavior of others. If the conduct of workers is not ethically correct then it means that the organizational culture doesn’t promote justice. When unethical conducts are preferred more than the ethical ones, the focus of employees is not on organizational success but about their own benefit. It tends to negatively affect the firm and its culture whereas the culture affects all those workers who are new to it. Overall, an organization promoting unethical behavior cannot achieve its objectives. That is the reason why, a lot of attention is being paid to philosophy in the field of business (Carroll & Buchholtz, 2014).

References of Philosophy in Business

Carroll, A. B. & Buchholtz, A. K., 2014. Business and society: Ethics, sustainability, and stakeholder management. s.l.:Nelson Education.

Putnam, H., 2014. Philosophy of Logic. s.l.:Routledge.