Business Ethics Paper

Why Business Ethics Are Important Ethics are the norms and values that serve as the criteria for evaluating the actions of others. Ethics in Business is the everyday moral and/or ethical norms to business. Ethics is a formal system for deciding between what is right and what is wrong. It’s the aspect of corporate governance that has to do with moral values and standards of companies’ leaders encouraging employees to be knowledgeable in business dealings. Business Ethics takes into consideration of the emotional feelings of their customers and staff. (Account) The main key points in business ethics deals with legal regulation, professional codes of ethics, and individual values. In today’s society, business ethics frequently become law and that legal regulation can mirror society’s ethical values. Legal regulation prohibits businesses to cheat and exploit consumers by artificial pricing, sale, and use of harmful goods for the sake of greed to earn profit. Legal regulation also stops adulteration, sexual harassment and discrimination to their employers and/or customers. Regulation also makes businesses conduct practice for fair business by making sure business is fair, humane, efficient, and dynamic. Also, conducts businesses to avoid monopoly, injustice, and profiting. (Akrani) The respect for law itself can help moral values. An anti-discrimination law has helped people believe that discrimination based on race, gender, and religion is morally wrong. Another ethical value rule requires the practice of due care in our behavior which derives from society’s motive to be fair and reasonable, which promotes the common good. Ethical values from legal regulation simply conducts honor confidentiality, respect the liberty and rights of others, exercise due care, avoid conflicts, and act in good faith. A code of ethics is a set of guidelines which are designed to set out acceptable behaviors for members of a particular group, association, or profession.

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