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The Importance of ethics in business



Earn the power that values-based leadership can have on your business! 

Having a commitment to "High Road" Behavior means understanding the key role of trust for effective leadership and for maintaining uninterrupted growth and profitability.

Business ethics (also known as 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.

These ethics originate from individuals, organizational statements or from the legal system.

Business ethics refers to contemporary organizational standards, principles, sets of values and norms that govern the actions and behavior of an individual in the business organization.

Business ethics has normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.

Academics attempting to understand business behavior employ descriptive methods.

The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns.

For example, most major corporations today promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters.

Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions.

Ethics implicitly regulates areas and details of behavior that lie beyond governmental control.

The emergence of large corporations with limited relationships and sensitivity to the communities in which they operate accelerated the development of formal ethics regimes.


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Item Reviewed: The Importance of ethics in business Rating: 5 Reviewed By: PRASHANT ENTERPRISES