Technology consists of all those methods, processes, and tools that humans invent to manipulate and control their environment. This has challenged contemporary business and societies are transformed by the rapid evolution of new technologies. This presents new ethical issues for business.
Throughout history, there have been technological changes from the agricultural revolution t the beginning of mankind, to the industrial revolution in the eighteenth century, to new technologies presenting themselves at the end of the 20th century. The more recent
technologies included: information, nano and genetic technologies transforming society and business and creating the potential for new ethical problems. They bring with them questions of risks, which may be unpredictable and/or irreversible.
QUESTION: Who should decide whether the benefits of a particular technology are worth the risks? How will victims of bad technology be compensated for their loss? How will risk be distributed? How will privacy be maintained? How will property rights be protected?
