Ethics: The Foundation of Good Business

According to Hutchinson Unabridged Encyclopedia, business ethics is an ethical principle that defines how business and business professionals, employees and the public should be treated with each other. Depending on the occupation such as law and medicine, occupational ethics is clearly defined. In other areas, appropriate actions have been gradually established through practice. Business ethics includes the role of companies in our society. The complex and controversial areas of business ethics include the environmental impact of actions of petrochemical companies or the obligation of pharmaceutical companies to provide medicines to developing countries.

Business ethics is usually based on four basic foundations. Attitude, value, behavior, normal habits and expectations. Studies on business ethics may deviate from the legal domain, but often include requests for behavior, expectations, and general courtesy, courtesy, honesty, and honesty. Unethical commercial practices can impair productivity and living standards. Such behavior also affects social and environmental deterioration, causing damage to various aspects of society and lacking trust. Business competition is becoming increasingly intense, and the value of the product and its manufacturer far exceeds the price per unit or the function they perform.

After a useful introduction to the editor, the paper is divided into four parts: the foundation, the practical challenge of ethical management, the educational ethics of the business school, and the credit collapse. Four papers on business fundamentals and business systems contain similar themes. This concept is important for business success. In a world where business systems have non-personal characteristics, we confirm that individuals are still decision-makers and the ultimate success should be defined by the extent to which the company contributes to human prosperity.