What is Business Ethics?
Ethics can be defined as: a system of moral principles or rules of behavior. Now, when we apply this definition directly to a business, ethics can simply mean the moral principles which a firm or more specifically, the person in charge (such as the CEO) follows when running their business. However, this definition as a whole is flawed since there is no single list of moral principles which firms must obey or follow. Moreover, what does it mean to moral? Is there one set of guidelines which informs us…read more