BUSINESS ETHICS
BUSINESS ETHICS Business being a social organ shall not be conducted in a way detrimental to the interests of the society and the business sector. The business as social establishment, should follow certain ethical values and rules. These can be called business ethics. The term ‘Business Ethics’ refers to the system of moral principles and rules of the conduct applied to business. It applies to all aspects of business conduct and is to be followed by all individuals and organizations in the business. However, there is no unanimity of opinion as to what constitutes business ethics. There are no separate ethics of business but every individual and organization in society should abide by certain moral orders. Definitions of Business Ethics Business ethics can be defined as the systematic study of ethical matters pertaining to the business or related persons and their activities. “Business ethics is the systematic handling of values in business and industry.” —John Dona