The Ethics in Business essay sample

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The Ethics in Business

The ethics of the business relationship is a set of rules. These rules originate from the traditional human values, which held by members of the same organization and partners. Traditionally, the business ethics is based on respecting for the interests of employees, customers, and partners. Also, business ethics is applicable for competitors. This rule implies renunciation from the using of prohibited or unfair tactics in the struggle for a business niche (Rossouw, & Vuuren, 2010).

Ethics and etiquette in the business are slightly different. It depends on the culture of a country.Professional ethics of modern business includes universal values, macro, and global level. Corporate social responsibility regulates human values. There is the creation of jobs, production of certain goods, caring for employees and so on. As for business ethics in relation to buyers of products, it includes a high-quality product, honesty in advertising, reasonable prices. Ethics in relation to the staff of the company is "white" salary, social package, health and so on. Ethical attitude to partners, shareholders and investors is to comply with terms of the contract, the timely payment of specified sums, and access to public information. The macro level is the lack of discrimination in the labor market, compliance with market competition, and respect for private property. World level is the observance of ethics in relations with suppliers, customers, staff, shareholders, and so on. Business Ethics is relevant not only to the company, which occupies a niche in the market, but also to every business person. Ethical behavior does not allow the employee to make a career at the expense of colleagues, misleading guidance to perform their duties poorly (The Christian Science Monitor, 2007).

Business ethics prescribes friendly and correct attitude towards colleagues, moderate sociability, respect of subordination, punctuality, responsibility.Aristotle does not separate the economy from the economic ethics. He advised his son Nicomachus deal only with the production of goods (Meikle, 1995). Mr. Ford came to the conclusion that the happiness and well-being are mined only honest work (Shionoya, 1995).

Ford’s ethical and economic installations have practical significance and at the moment.Thus, the concept of ethics in business is necessary for regulation the relationship between the organization and the employees, partners, shareholders and so on. The formal business etiquette creates a "civilized" environment in the office. Such an environment promotes the productive work. First of all, social responsibility, and transparency rules and competent management base trust and mutual respect of members of the same organization to each other.


Meikle, S. (1995). Aristotle's economic thought. Oxford: Clarendon Press.Rossouw,

D., & Vuuren, L. V. (2010). Business ethics. Cape Town, Republic of South Africa: Oxford University Press. Shionoya, Y. (1995).

A Methodological Appraisal of Schmoller’s Research Program. The Theory of Ethical Economy in the Historical School

Studies in Economic Ethics and Philosophy, 57-80. doi:10.1007/978-3-642-57801-4_4Can business ethics be taught? Post-Enron, business schools are boosting ethics courses. But critics say book learning won't change much. (2007, March 21). The Christian Science …

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