![]() For example, most major corporations today promote their commitment to non- economic values under headings such as ethics codes and social responsibility charters.Īdam Smith said. Interest in business ethics accelerated dramatically during the 1. The range and quantity of business ethical issues reflects the interaction of profit- maximizing behavior with non- economic concerns. As a corporate practice and a career specialization, the field is primarily normative.Īcademics attempting to understand business behavior employ descriptive methods. Business ethics has normative and descriptive dimensions. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. ![]() 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.
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