Business Ethics Issues and Terminology

Question: Discuss about the Business Ethics Issues and Terminology. Answer: Introduction: The augmented focus of business ethics acts as a part of response to high-profile indignities as well as failures. Business ethics helps to provide a set of terminology as well a conceptual framework, which helps to identify ethical issues. With the help of business ethics, it is also learned that a business expects to do more and better and business ethics helps to tackle some of the pressing issues of the world. A business ethics is the appliance of ethical behavior by a business or in a business environment. The topic is important as ethics concern moral judgments of an individual related to what is right and what is wrong. The decision that is taken in an organization are mostly made by individuals as well as groups but whoever makes the decision will be inclined by the ethnicity of the Company. Ethical behavior as well as corporate social responsibility is known to bring advantages to the business. It helps to attract customers to the commodities of the business that in turn helps to increase its sales and revenues. Business ethics are also know to attract more investors and also to keep the share price of the company high. Conclusion: Business ethics will help me work in an honest and fair way in the organization in which I work. With the help of business ethics, I will be able to have a truthful communication with all the stakeholders both internally and externally. Sometimes while working in the organization, I ask myself that whether I treat my colleagues with dignity as well as respect. However, with the help of business ethics I will be able to treat my colleagues with integrity as well as truthfulness. A clear communication of internal and external strategies is appropriate to the stakeholders.