Business ethics can be rules or standards governing the conduct of a business. Actually, It doesn’t have any certain limitation to a business behavior because it is a moral code that cannot tell what is exactly right or wrong, but the corporations must take the social responsibilities to their stakeholders. For example, the responsibility to the customers are to provide them wih good quality and safe products at reasonable prices. The stakeholders will decide the tension of the ethics, and different stakeholders may have different tensions for the business. More profit or higher wages? Supplier benefits or lower costs? Survival of the business or needs of stakeholders? ….and so on. These are the decisions must be maken by the corporations. If you own a chemistry industry, you probably need to decide whether produce more products or not. The more you produced, the more pollution. So what’s the solutions to overcome the difficulties in business? For business itself, self regulation is necessary. For the entire society, we need to improve the competition and contestability of the markets, form some pressure groups, establish legislation and social & environmental audits. All sections must work together to achieve that.

(source is provided by the website http://www.bized.co.uk )