This document is designed to give a brief explanation on business ethics, its importance and issues, managing ethics in work place, continuing problems and weaknesses in business ethics. We all have an image of what an ethical community or an ethical business should be. To make our society as a whole ethical all individuals, organizations, governments has to act ethically.
Introduction
Ethics refers to standards of behavior that tells how one need to act in many situations where they find themselves as a member of society. Business ethics is mainly an agreement with partners, keeping records of ethics, using ethical methods of competition. These ethics are considered to be almost the same for businessmen from different countries.
Ethics are moral judgments about what is right and what is wrong. These business ethics are decided and formed by each organization and underpin the decisions that anyone in the organization makes.
Business Ethics is a combination of particular business best practices and policies to gain public acceptance. In other words Business Ethics are moral values and principles that guide the business behavior ("Business ethics," 2015). Aristotle is the person who introduced the term ethics. He remarked that ethics helps to know what to do and what not to do.
Ethics involves to distinguish between right and wrong and to make a right choice ("Business ethics and," 2015). By doing so, it is easy to identify unethical practices. These are implemented to gain consumers trust, best practices and policies which are often guided by law and is significant both to the conduct of individuals and organizations as a whole. It applies to all aspects of business conduct, from simple boardroom strategies and how companies treat their suppliers and employees to sales techniques and accounting practices.
The interest in business ethics has grown