Business ethics are important because they help to develop customer and employee loyalty and engagement and contribute overall to a company's viability. Businesses rely on reputation and a lack of moral guidelines can ruin a reputation.Know More
Ethical behavior involves using an overall set of corporate values to govern actions and decisions that come up in business. Using morality to make corporate decisions is part of corporate culture and is seen as a social responsibility.
There are tangible benefits to corporate ethics that are proven by case studies.
Along with loss of customers, employees and corporate reputation, in the worst of cases, unethical corporate behavior and practices can result in death, prosecution and imprisonment.Learn more about Ethics
Dictionary.com defines Puritan ethics as a belief in and devotion to self-discipline, hard work, duty, responsibility and thrift. In today's age, Puritan ethics refers to adherence to these beliefs regardless of whether they are rooted in religious belief. People that are very strict on moral and religious issues are often referred to as puritanical. Some believe that puritanical attitudes are harmful, according to Anxiety Culture.Full Answer >
The three types of ethics include descriptive ethics, normative ethics and metaethics, explains Lander University’s Philosophy Department. Each type has a place in the functionality of a society.Full Answer >
Autonomy in ethics refers to individual freedom or one’s right to make decisions without being coerced. It is the concept of social, political and ethical morals that give individuals the rational right to make their own informed choices. The individual’s decisions are also guided by the principles of what is right and wholesome as given by sensible conscience and as defined by the society.Full Answer >
A code of ethics is the guideline that sets acceptable behaviors for a given group of people or profession. For example, physicians typically adhere to a code of ethics. A code of ethics can also be defined as a set of guidelines to which an individual holds himself.Full Answer >