Regulation driven (un)ethical business practices of Small Owner Managed Enterprises

  • Wang Wei Business School Singapore University of Social Sciences
  • Ameen Talib Business School Singapore University of Social Sciences
Keywords: Regulation driven, (un), ethical business, practices, Small, Owner, Managed Enterprises

Abstract

Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions. Ethics implicitly regulates areas and details of behavior that lie beyond governmental control. Business ethics applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or from the legal system. (https://en.wikipedia.org/wiki/Business_ethics).
This paper argues that certain business regulations may drive Small-Owner-ManagedEnterprises (SOME) to engage in unethical business practices. This is not ‘beneficial direction’ for society. This paper is part of a wider research on issues and challenges facing SMEs and in particular SOME, and deals with only a small part of the current regulatory framework in Singapore

Author Biographies

Wang Wei, Business School Singapore University of Social Sciences

Honors student

Singapore University of Social Sciences

Ameen Talib, Business School Singapore University of Social Sciences

Head Applied Project

Singapore University of Social Sciences

Published
2017-10-31