Business,ethics and law in the world of capital

Business Ethics defines ethics as science that deals with the study of moral principles,
with their laws of historical development, with the content of their class and with their role in the
social life, the totality of the rules of conduct the corresponding moral of a certain class or
companies.
Business Ethics proposes a set of tools for decision useful in establishing business
strategies, involved in solving the conflicts between groups that interact in a business: employers
and employees, managers and shareholders, the company and the local community, state
institutions etc. as general principles of conduct or ethical codes, ethics is applied in the human
resources management, in the management of crisis situations, in its communication of
marketing in all of its forms: branding, public relations, advertising. The premise that cranks it is
that the management of ethics is not profitable on medium and long term.
As all the news of the last century, and business ethics is an american invention. Business
ethics has taken quickly scale in the North America from where it then spread all over the
civilized world ,more exactly in the countries in which one can talk to reason about the market
economy and the rule-of-law state. With the British on the forehead, the Europeans have
"contaminated" the interest of increasing ethics to busines only after 1980.
In Romania, this interest only is about to be born.
However, not everyone is convinced by the seriousness and the desirability of ethics in business.
There are still enough skeptics and strong enemies who challenge be capacity, be the law of
ethics in business to be delivered by the use of the behavior of economic agents. An increasing
interest in business, ethics is determined and changing nature of the substantive business in the
context of the last decades, in which has taken a major process of globalization.
Understanding the moral criteria of business conduct is particularly important, as new
organizational structures give rise to new complications, (relating to the circulation of
information and information management within the framework of the different
collective work and of the entire organization) for which there are no traditional previous.
So that the "empower employees to be successful, a thorough understanding of the ethics
in business is absolutely necessary.
A proof of the ethics vitality in business is also the fact that, in spite of its consistent

success stories until now, this area has known only in the past two decades the thematic
developments and noticeable conceptual, especially under the influence of the effects of
globalization process and the new concept of sustainability.
For the Romanian companies confronted with difficulties arising from the transition from
a company to another, in fact, to a system of values to another, business ethics is not only a new
problem, but also one very important. To achieve the balance between ethics and profitability in
a society in which race toward the accumulation of capital and wealth set into motion the
registred forms of conflict with the moral, can often be a difficult problem. But if the moral
health of a company depends on the morality of the individuals that make it up, Romania has the
chance that a people with the millennial rules about truth, wellness and beauty, can offer them a
third.
Business law represents a set of legal rules governing the ratios of the property and nonproperty staff that appear between the natural and legal persons in connection with the carrying
out of entrepreneurship activity and the relationships that occur between such persons and state
organs as a result of the rules by the state of these relationships.
Legal report is a social relationship established between two or more persons, either
natural or legal, governed by a judicial and specific rule. The legal relationship is a social
inclusion by which is aimed at the relief of material interests or other, governed by the judicial
rule, in which the parties appear as holders of rights, and correlation of mutual obligations
performed at need with the support of the public labor.
For the emergence of a legal repor,t is mandatory for the following premises that: judicial rule,
law subjects and legal facts. Legal report has a social character in the sense that it can be
established only between individuals, between the legal persons or between individuals and legal
persons. The ratio of natural or legal persons is a double volitional character, on the one hand, it
is a governed rule on the basis of the will of the state expressed by the communists, and on the
other hand, it is born out of the will of one or all of the parties to the extent
that is born out of the will of one or all of the parties. The parties of the report may have an
equality position before the law. From the point of view of the business environment the
Romanian economy lives a great moment of change. It is obvious that we need an increase in the

presence of domestic capital in the economy, to restore the romanian preponderant in the national
economy. Especially in the conditions under which comparative advantages envisaged at the
entrance in the EU is grayed out quickly and the appetite of the foreign investors in Romania
shows to be low. That we are getting closer to the practices from Western countries, there is need
measures to encourage the increase of the share of domestic capital. At least, we reduce the
dependence of taken decisions outside the country of the multinational corporations which are at
the time the opening of the range to the market by the EU, maximum interest areas such as at the
bank or at the retail. Obviously, should be encouraged, supported and developed now, and
productive business to enable the sustainability of the areas referred to, in which the Romanian
capital, for some reason, from the business model and up to unequal competition or a lack of
experience, missed a bit the start.
In Romania, it is possible to obtain a much better business profit than in the West, disregarding
the local shortcomings and many times, an unfair competition.
By the way in which it has distributed the society wealth and the level of departure in a
business, the foreigners seem to be objectively more motivated (and more) advantaged in
the market economy performance and sustainable than the Romanians. It may be
desirable to have a weighted as much of the Romanian capital in the economy but,
unfortunately, this wouldnt be enough: we should examine more carefully the necessary
measures to bring quality of the domestic capital at an western level, once with, or even
before his blowout .

Master Dreptul afacerilor

Semestrul I
Masterand: Geanta Ionela Cristina
Profesor: Sorin Ivan