Ethics means the ability of a person to follow the right conscience during difficult times, whatever the situation may demand. He should not give in to the unethical practices to gain short term goals and profits. Business ethics also called corporate ethics is a form of applied ethics or professional ethics that examine ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organization.
Before, setting the stage for my arguments, the most important argument which I would like to quote are many of Hadiths of the Holy Prophet (PBUH) in which he has stressed at many occasions on business ethics. His sayings, wherein he has been stressing Muslims to keep promises and not to sell the products on wrongful swearing and twisting of facts. His stress on the character building and his own personality which was an embodiment of fairness and truthfulness has been the biggest asset which created immense goodwill and reputation: when he was hired by Hazrat Khadija to look after her business before both got married. As a person and as a businessman he was recognized as Sadiq and Amin. Therefore, the point of emphasis is that in our religion and culture, strict observance to business ethos is not a new phenomenon.
Supporting Arguments: Observance of Ethics in Business A critical analysis would reveal that existing piracy tactics have natural and historical background.