Ethical Principles Of Business Ethics - 1995 Words

BUSINESS ETHICS Ethics is the branch of philosophy that focuses on morality and the way in which moral principles are applied to everyday life. It involves an active process of applying values, which may range from religious principles to customs and traditions. Business ethics focuses on the good or wrong behavior in the world of business, all companies have a responsibility to apply moral and ethical principles to the marketplace and workplace. Also business people have a responsibility to the public and themselves to maintain ethical principles. It is important to study business ethics because is the form in which we integrate essential values such as honesty, trust, respect and fairness in our policies and practices as well as in decision-making at all levels. It is important to grow the business in harmony, and making people feel comfortable. Good ethical practice is also important for a Company when they make their deciscions, because it maximizes profit and reflects good corporate citizenship. The Relationship between Law and Ethics is its Compliance with the law is not always enough to determine the correct behavior. The laws are broad in scope and purpose, they are the expression of the ethical beliefs of our society and prohibit or require certain actions to avoid significant harm to society. In the section about Business ethics and social media, The author explains how now days in order to aquire a job the employer searches Facebook, blogs and twitter toShow MoreRelatedEthical And Ethical Principles Of Business Ethics Essay1163 Words   |  5 Pagesmeaning of business ethics; (1 point) â€Å"Business ethics is the application of moral and ethical principles in a business context.† – In the business society it is not just about what the law says, there are instances that a situation is in accordance with the rule of law, but somehow there are gray areas that violates the common principles of the society. That is the reason why nowadays, moral and business ethics are being observed widely. 3. A discussion of how you and other business leaders canRead MoreEthical Concepts And Principles Of Business Ethics1673 Words   |  7 Pagesregulations designed to ensure proper conduct in business. Plus, individual businessmen and women have their own private consciences to guide them. 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Humbert | Submitted On January 04, 2005 Recommend Article Article Comments Print Article Share this article on Facebook 10 Share this article on Twitter 2 Share this article on Google+ 2 Share this article on Linkedin 2 Share this article on StumbleUpon 1 Share this article on Delicious 2 Share this article on Digg Share this article on Reddit 1 Share this article on Pinterest 2 This morning, I read about a company using on-line auctionsRead MoreEthical Management Processes in an International Company1039 Words   |  4 Pagesï » ¿Ethical Management Processes in an International Company Introduction There are five things that can be done by the international business and its managers to ensure that ethical issues are calculated into the organizations business decisions. 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