{"id":3396,"date":"2023-02-22T21:28:36","date_gmt":"2023-02-22T21:28:36","guid":{"rendered":"https:\/\/course.oeru.org\/ient102\/?page_id=3396"},"modified":"2023-02-22T21:28:36","modified_gmt":"2023-02-22T21:28:36","slug":"what-is-business-ethics","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient102\/learning-pathways\/business-ethics\/what-is-business-ethics\/","title":{"rendered":"What is business ethics?"},"content":{"rendered":"
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\"Morals-and-ethics.jpg\"<\/a><\/div>\n\n\n\n\n
\u201c\n<\/td>\n Ethics<\/b> is a system of moral principles… They affect how people make decisions and lead their lives.
Ethics is concerned with what is good for individuals and society, and is also described as moral philosophy.\n<\/td>\n		 \u201d\n<\/td>\n<\/tr>\n
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People often talk about ethical or moral behaviour, both in terms of someone’s character and\/or personal conduct, and in terms of their professional behaviour. If you search for the words ‘ethical’ and ‘moral’ on the Internet, some resources consider these words interchangeable, while others suggest that ‘moral’ is linked more to someone’s internal values, and ‘ethical’ is more outward-facing.\n<\/p>\n

So how do ethics apply in a business context?\n<\/p>\n

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  1. Read Business Law and the Legal Environment: “Chapter 2, Section 1: What Is Ethics?”<\/a>. This text gives a concise introduction to ethics and some of the important issues relating to business. It looks at how both individuals and institutions can be viewed as ethical. It also covers how ethics and the law differ, and why an ethical reputation can be more important than compliance with the law.\n<\/li>\n
  2. Read New World Encyclopedia: “Business Ethics”<\/a>. This webpage provides an overview of the way in which ethics apply to businesses. Don’t worry too much about the different theories<\/i> of ethics that are mentioned – we are more interested in your understanding of how and why ethics are applied in the business world.\n<\/li>\n<\/ol>\n

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    Ethics Quiz<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t
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