Business Ethics

• Ethics is derived from Greek word ‘ Ethos’ which means character or customs or accepted behavior .
• Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethical ideas to business behavior facilitates and promotes good to society, improves profitability, foster business relations and employee productivity. The concept of business ethics has come to means various things to various people ,but generally it’s coming  to know what is right or  wrong  in the workplace and doing what’s right.
• Business ethics means the behavior of businessman while conducting  a business , by observing morality in his business activities.
• According to Wheeler , Business ethics is an art and science for maintaining harmonious relationship ( Peaceful relationship) with society , its various groups and institution as well as reorganizing the moral responsibility for the rightness and wrongness of business conduct.
• According to Rogene. A. Buchholz , Business ethics refers to right and wrong behavior in business decisions.
• According to School of Distance Education , Business ethics is primarily concerned with those issues not covered by law , or where there is no definite consensus( Meeting of minds) on whether something is right or wrong.