Business
ethics is the study of business situations, activities and decisions where
issues of right and wrong are addressed. Business ethics (also corporate ethics) is a form of applied ethics or professional
ethic that examines ethical
principles and moral or ethical problems that arise in a business environment.
It applies to all aspects of business conduct and is relevant to the conduct of
individuals and entire organizations.
Business ethics
has both normative and descriptive dimensions. As a
corporate practice and a career specialization, the field is primarily
normative. Academics attempting to understand business behavior employ
descriptive methods. The range and quantity of business ethical issues reflects
the interaction of profit-maximizing behavior with non-economic concerns.
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