In order to fully understand ethics and how they relate to business, one must first define its key components. The issues of business social responsibility, ethics, and environmental protection are on the agenda of modern companies.Social responsibility of business ethics and environmental protection are equally important and urgent tasks of modern business than the financial performance of the organization or the pay of top managers, because the issues of corporate responsibility are able to provide the same impact on business reputation and business value, as well as standard indicators of economic growth.
While there are some exceptions, business ethicists are usually less concerned with the foundations of ethics (meta-ethics), or with justifying the most basic ethical principles, and are more concerned with practical problems and applications, and any specific duties that might apply to business relationships.
Social learning theory provides the greatest evidence that ethical development is a conscious and ongoing process; yet individuals selectively and conditionally choose the characteristics of the model they wish to adopt, they do not simply parrot ethical behavior.
However, when each manager and employee understands the organization’s priorities and has specific information about how they contribute to them, and those contributions are directly aligned with related contributions firms, can achieve improved teamwork and performance.
The transparency to the specific goals and outcomes and active management and communication of those results reduces role ambiguity and negative conflict and creates a high performance environment where employees can feel that their contributions are being fairly evaluated against their performance expectations, and those of their colleagues.