Business ethics refers to contemporary organisational standards, principles, sets of values and norms that govern the actions and behaviour of an individual in the business organisation. Business ethics have two dimensions, normative or descriptive. As a corporate practice and a career specialisation, the field is primarily normative. Academics attempting to understand business behaviour employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximising behaviour with non-economic concerns.
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Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics 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.
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