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Business Ethics Definition

Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. The integration of business ethics is centered around the belief that responsibility for one’s actions and respect for the dignity of others are fundamental to success in business. Our commitments and expectations are documented in the Code of Business Conduct and Ethics and Business Partner Code of Conduct, and these documents may be viewed using the links at the bottom of this page. In other words, your customer-service representatives should have had not just the responsibility of dealing with customers’ problem, but the authority to see to it that the customers were satisfied.

If any company does shady business you can be sure it starts at the top and filters down because the president is the one who sets the example for the actions of the entire company. It also underscores Accenture’s commitment to ethical business practices that help ensure long-term value to key stakeholders including clients, employees, business partners, suppliers and shareholders.

The ethical responsibility of the capability of an item to deliver the expected value is not entirely borne by the individual who provided the item, nor by the individual who accepted it, but is subject to the communication that occurs between them prior to entering into the transaction agreement. He continues to teach MBA and EMBA courses on business ethics at Santa Clara, where he heads one of the most active ethics centers in the world, with extensive programs in business ethics, government ethics, bioethics, Internet ethics, and character education.

As such, the act of intervention is pursuit of personal interest, in which instance the person who means to intervene must consider the ethics of their own (intervening) action. This includes self-control, consumer protection and welfare, service to society, fair treatment to social groups, not to exploit others, etc. Arnold, D.G. & N.E. Bowie, 2003, Sweatshops and Respect for Persons”, Business Ethics Quarterly, 13(2): 221-242. It specifies the basic norms and behaviours for those conducting business on our behalf.

Teck remains committed to upholding high moral and ethical principles as affirmed in our Code of Ethics. A second—and more important—meaning of ethics according to the dictionary is this: Ethics is the study of morality”. The railroads promptly fell in line with the countrywide summons for a more exacting standard of business ethics. But business ethics also comprehends the laws and regulations that structure markets and organizations. And while the decision was made in the context of the institution, and for the benefit of the institution, the responsibility for the decision rests with an individual. Business ethics relate to how a company conducts its business in order to make a profit.