In the business environment, there are number of different ethical and moral dilemmas that may arise. 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.
Businesses that participate in this type of unethical abuse of power and exploitation of children and women should be boycotted and shut down. Business ethics is primarily a negotiation with partners; ethics recordkeeping; use ethical methods of competition.
Your company ethics also apply internally to how you treat your employees and contractors. In their July, 22, 2002 publication they provided statistics that supported America’s mistrust toward the increasing number of companies who were deceiving their employees and the general public through white collar crime.
Leadership in business must set the standard and “walk the talk” when it comes time to ethical behavior. However there are some accounting ethics to be kept in mind for all financial transactions made. Business ethics is the application of ethical values to business behaviour.
Several individual factors influence the level of ethical behavior in an organization. That is to recognize that continued public trust is based on the commitment to high ethical standards within the company and that speaks to the equally high standards of the individuals within the company.