Business Ethics: A Study Of Ethics And Ethics

In simple definition, the word “ethics” means; a system of moral principles, the rules of conduct recognized in respect to a particular class of human actions or a particular group, culture, etc., moral principles as of an individual, and that branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions (Dictionary.com). Even the definition, as clear as it is, cannot begin to encompass what this word truly means to those who live in and work for our justice system.

What is ethics? According to Velasquez et al (2010), “ethics is a well-founded standard of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations,

Ethics, sometimes also known as moral philosophy, is basically not any legal rules but only a moral obligation or concept to define what is wrong or right. It deals with the value related to human behaviour with respect to the rightness and wrongness of certain actions.

Ethics are defined as “a set of moral principles and perceptions about right versus wrong and the resulting philosophy of conduct that is practiced by an individual, group, profession, or culture” (Barker, 2001, p. 159). In the field

According to Merriam-Webster, ethics is defined as an area of study that deals with ideas about what is good and bad behavior. Some would argue that definition is rather vague. A more complete understanding of ethics would suggest that it is more than just an area of study but rather a way of life; moral principles that govern a person's or group's behavior. If one is ethical and has good moral standards, it is usually seen in that person. Simply put, ethics could be considered the standards of behavior as to which society accepts.

Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.

“Ethics”, in general, is nothing but a principle of conduct. Ethics can also be defined as moral philosophy which is used to answer questions related to morality. The word ‘Ethics’ has been derived from the Greek word ‘Ethos’ which simply meant “the state of being” or “to keep ones soul pure”. The sub divisions of ethics are as follows;

An area of study that deals with ideas about what is good and bad behavior: a branch of philosophy

According to Merriam-Webster online dictionary 2017, the term “ethics” is defined as the moral duty and obligation; the discipline of dealing with the good and bad as well as a set of moral principles such as righteousness. Everyone has a code of ethics that they go by. It sets a standard as far as who they are as a person. Just like employers have a code of ethics that they go by within their line of employment to the employees.

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

A dictionary definition of ethics is: “A set of principles of right conduct, a theory or a system of moral values, the rules or standards governing the conduct of a person or members of a profession.” The American Heritage College Dictionary, Fourth Ed, Houghton-Mifflin, Boston, pp. 480. (Houghton, 2015)

According to Guido, ethics is the branch of philosophy concerned with the evaluation of human action. A broader definition would be that ethics involves the principles or assumptions underpinning the way individuals or groups ought to conduct themselves.

Ethics is defined as moral principles of conduct, which people usually agree with. Unlike in law there is no punishment involved in ethical values, if you don't follow according with the standards. There are many things that influence ethical behaviour. These can be personal reflection, religious beliefs, culture, experiences and family influences. If broadly speaking, ethics is the science or study of the morality of how humans act through the medium of natural reason.

Ethics is defined as the values that an individual uses to interpret whether any particular action or behavior is considered acceptable and appropriate. Business ethics is the collective values of an organization, used to evaluate whether the behaviors of the organization’s collective members are considered acceptable and appropriate. To understand what is acceptable and appropriate for individuals, their moral values must be identified and supported. Ethics in the workplace is essential especially for managers since they are the leaders and representatives of the company. Managers are responsible for hiring new employees and making sure employees adheres to the company’s ethical standards Managers have to consider the ethical decision being made and balance the interests of all stakeholders in the company. Business organizations have to contemplate how their actions impact overall society. Managers have the ability to establish their own rules pertaining to acceptable and unacceptable behaviors within the organization. Formal attention to ethics in the workplace is the right thing to do. A Manager

Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.