Friday 8 May 2015

What is business ethics, and what factors affect business ethics?

ethics
(also known as professional ethics or corporate ethics) is a term which is used to describe all
of the written and unwritten moral and ethical principles, norms, policies, and guidelines used
to address and manage all possible moral and ethical problems that might arise in a certain
business environment; it applies to the conduct and the behavior of all employees individually,
as well as the company in general.

The term "business ethics"
started to become popular in the late 1960s and early 1970s, when business owners and
corporations realized that it is important to acknowledge society's growing concerns about
relevant social issues and the environment; they realized they needed to establish their
personal, social, corporative, economic, and legal responsibilities. This was a time when
companies began to take notice of the way their employees and their costumers were being
treated, and...

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