Ethics in Business

Abstract

Ethics are an integral part of a company's long-term success. It is defined as the set of moral values or principles. Ethics are defined as the process of distinguishing the right and good from the wrong or bad, and they imply a moral duty to purse the good and right. Over the past decades, we have seen that ethics have become integral part of the business world. Ethics are more than anything is important in the scrutiny business. Business ethics is the form of applied principles or morals that are integral part of business to run the business on long term. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Nowadays in the era of economic relations and international trade business ethics plays a very important role. Ethics involve learning of what is right or wrong and then choosing the right over wrong to make you organization successful and run longer. Rules and regulations on ethics and behavior are basic values to achieve goal of company in the community.