Business ethics is an interesting branch of business theory, primarily because of the fact that they are inherently interesting in a market economy. One type of business reciprocity that would be ethical and appropriate would be a gift, which is something that is given without someone expecting that you or the company will do something for that person in return. Even though this business follows all ethical practices, there are certain facts about this business marketing that some people find hard to digest.
Business Ethics is a form of the art of applied ethics that examines ethical principles and moral or ethical problems that can arise in business environment. Another notion that goes against chain marketing business is that only people at the top level make money, while those at the lower levels end up being broke.
And public image is important to success in most cases, which is one of the reasons as to why business ethics are important to a company’s overall success. The various branches of ethics such as human ethics, social ethics, medical ethics and financial ethics have all defined the premises of working in their respective fields.
Business ethics is a code or a set of standards that a business adheres to. This code essentially states what is considered ethical, and what is considered unethical in terms of how the business is conducted in relation to what is best for human beings, the community, the environment, and so on. Business etiquette, on the other hand, is essentially conducting business affairs in a polite manner.
It is impossible to discuss business ethics as a branch of academia without taking a look at the relationship between business ethics and public image. Given that these employees’ paychecks come from property taxes of local citizens, they are taking free money for time not worked.