Business Ethics : Ethical And Ethical Issues

1360 Words Apr 9th, 2015 6 Pages
Business ethics can be defined as the set of moral values and codes or standards of conduct in an organization. According to Wikipedia – “Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.”
The particulars and specifics of the codes and standards mentioned may vary from organization to organization. They can differ from one organization to another because of differences in the management structure, cultural opinions and backgrounds, operational management, organizational behavior, strategic orientations and chain of command and operational structures and levels. Business ethics can be both written and unwritten codes of standards that are very vital to the organization in both its current activities and future activities and aspirations. The main framework or the main thread of business ethics is prevalent in all the levels of any organization. Business ethics is mainly about knowing and understanding the difference between the right and wrong actions and decisions. Business ethics instructs or specifies the moral standards and behavior aspects of every individual in the organization and the organization as a whole. It is not just determined and followed by just one person or by just one department in…
Open Document