Business Ethics is a study which refers to the rules and regulation that the company has to follow and matters relating to governance , discrimination , corporate social responsibility etc.
Business Ethics creates a kind of bonds between the company and the employees .It very well brings an attachment towards consumers and the outside words also . This study will cherish peace in the corporate world .In 1960 , this study relating to a corporate world and its relationship between the outside world came into understanding slowly by people to fulfil economically well as social goals .

A company can start its business production with great ideas but it cannot reach to a high position suddenly .A business has to be run with appropriate rules and policies governed by the law followed with Ethics related to Business .The study of ethics can prove vital as it supports both the consumers as well as the corporate world .

For instance , if a juice company has a strategy saying that it will catch a major part among the competitor with rules and policies that disrespect the Business Ethics it can’t survive .Even though the company wants to be the leader stating that its juices are the tastiest the production department as well as the marketing department should keep in mind the Business Ethics while planning the strategy .

In a car manufacturing Industry , all the parts should be up to the mark to the standards mentioned as per the automobile Industries .In real life , Volkswagen went and disrespected the laws of creating a pollution free environment so they faced the consequence in the near future . Their cars emitted gases that contained harmful substance and went beyond the standards so following business ethics and running accordingly is mandatory or else they face have to face the consequences .

All the senior managers , board of director , employees are duly responsible in a positive as wells as in a negative impact of the company if it affects the consumers , competitors , law etc .

In the National Business Ethics Survey comes out every two years stated that in 2011 all time low business ethical behaviour amounted to 45% of employees saw misconduct in the business climate compared to 41% in 2013 . It creates an improper economic climate in the corporate world as it reduced over years .Anglo American has also contributed to the Voluntary Principles on Security and Human Rights.

An ethical business also recognises its responsibility for minimising the non-financial costs.It basically concentrates on the proper governance of the each and every aspect of the Business Sectors .So, we must properly contribute , understand and follow the priciples of THE BUSINESS ETHICS .

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“Business Ethics.” Investopedia. N.p., 9 June 2016. Web. 12 Sept. 2016. <http://www.investopedia.com/terms/b/business-ethics.asp>.

“Business Ethics and Social Responsibility.” Business Ethics and Social Responsibility. N.p., 28 Feb. 2015. Web. 12 Sept. 2016. <http://managementhelp.org/businessethics/>.