A Brief History of Business Ethics
As history advances the changes in the social norms of society effect what is considered appropriate ethical behavior in the marketplace. For example, until the time that feudalism was practiced, that system was considered normative and ethical. When feudalism was abandoned, the ethical sensibilities of the culture changed and what was acceptable behavior during feudal times was abhorred later.
The same can be said of slavery. In cultures where slavery was practiced, it was the norm, and it was impossible to say it was unethical. However, as society advanced and people spoke up, the immorality of slavery became self-evident.
Today the issues of business ethics that are actively being debated are the ethical questions which arise in a post-colonial and post-world war reality. Companies began to focus on their ethical stature since the late 1980s and 1990s in response to a number of extremely serious disasters, manmade economic disasters as well as natural disasters, which were either caused or made worse by unethical business practices. For example, the horrific incident which occurred in Bhopal, India, and the collapse of Enron all brought to the fore the role of business in society and its responsibilities to the society that supports it.
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