Fracking Essay Example | Topics and Well Written Essays - 2000 words - 2

Fracking - Essay Example In this professional paper discusses business ethics of fracking, in order to analyze and evaluate the conduct of drilling companies in their quest to harness cheap energy from the earths interior. And their impact on the environment and mankind. Business ethics applies to all forms of business conduct and is related to the conduct of individuals and the entire organization. They have both normative and descriptive dimensions. It should be noted that the field is primarily normative as a corporate practice and career specialization. Academicians’ determination to understand business behavior employ descriptive methods. Interaction of profit-maximizing behavior with non-economic concerns reflects the range and quantity of business ethical issues. Governments use laws and regulations to control business behaviors in what the government perceives to be beneficial directions (Denver, 2013). Ethics specifically regulates details and areas of behavior that are beyond government control. The sprouting of extensive corporations with inadequate relationships and sensitivity to the communities they work from propagated the development of formal ethical regimes. Ethical norms reflect norms of historical periods; norms evolve as time passes resulting in accepted behaviors becoming objectionable. Firms started pointing out their ethical issues as early as 1980s by trying to distance themselves from business scandals like savings and loan crisis. Business ethics ideas caught the attention of media, academics, and business firms by the end of the cold war. Concisely, one of the aims of business ethics is to determine the fundamental purposes of the company, for instance, the company may have to sacrifice the profits to other concerns if a company’s purpose is to maximize shareholder returns. Ethical issues composed of duties and rights between the company and its stakeholders including suppliers, customers, employees and