Business Ethics

Business ethics is generally associated with doing the right thing, which is ultimately good in case of ethical decisions.

Purpose: beaware of the role and impact of businesses in social, economic, ecological, and cultural environments.

What does it mean?The concept of business ethics means applying moral principles to decision making processes, while ethical decisions have far-reaching implications.

The fact that the concept of business ethics is not regulated by law and is rather broad results in that every business entity defines it differently.

Howthis term is problematic?Analyzing the concept of business ethics it is important to understand that businesses need to balance their own corporate gains and potential long-term benefits from ethical decisions.