Ethics And Ethics Of Business Ethics

1304 Words Apr 8th, 2015 6 Pages
Business Ethics

Varun Shah
University of Texas at Dallas

Business Ethics

Morals are a crucial part of life. Without having principles one would never be able to distinguish the right from wrong and good from evil. Just as it applies to life in general, ethics is an integral part of doing business as well. When we here the term Business Ethics in our work place, we usually do not take it seriously and brush it off saying ‘it’s just a simple set of basic rules like not cheating and so on’. This however is far from the truth. Business ethics for each organization may differ drastically and are an integral part of building an individuals as well as a business’s reputation.

Business Ethics
So, what exactly is business ethics? “Business 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.” – Wikipedia. In simpler words, business ethics refers to the moral responsibilities and principles that act as guidance’s in the way business is done. Being able to differentiate the right from wrong in the work place may not be as simple as life morals. For this purpose each business must establish a set of guidelines deciding what is acceptable and what is not. It is also the responsibility of the business to ensure that its employees abide by these guidelines and…
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