Business ethics states to the execution of suitable business policies and practices to remove controversial subjects. Some of the examples of business ethics are corporate governance, insider trading, bribery, discrimination, social responsibility, trustworthiness etc. The best example of business ethics is that when the corporate apply morale rules for their stakeholders or the connected persons how they best treat their employees, shareholders and the customers. The main motive of business ethics is to work with honesty, loyalty for the betterment of the employees, society etc. Business ethics can be implemented only if the management of the Company/ corporate thinks about doing their business and have the aim of doing business in a fair manner, ethics should be followed for everyone and not only for some group, it should at the every level, there should be broad rules/policies to be followed what should be done and what should be avoided in every circumstance. Some of the points that depicts the importance of the business ethics is as follows:

  • Business ethics means standards for morally right and wrong conduct in any business.
  • Business ethics is an essential skill. Business ethics drives employee behavior.
  • Corporations and educational institutions both have a critical role in developing good ethics in business.
  • Business ethics benefits the bottom line.
  • Business ethics helps in corresponding to the human needs.
  • Business ethics helps in credibility with the employees as well as credibility with the public.
  • Business ethics helps in taking better decisions, profitability and the protection of the society.

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