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Definition of "Ethics" in Business

In: Business and Management

Submitted By EvaEverlast
Words 587
Pages 3
It is not always easy to explain and define what are ethics. What is ethically right and what is unethical? What one think is ethically right might someone else think is unethical. The difference is sometime the evaluation and the principles which are different between cultures.
When companies do business between different culture there will often be conflicts because of different ethical values. Some circumstances can be very difficult when companies stand against a very good contract but at the same time it violates their conscience. It is not always easy to evaluate what is right and what is wrong when you have very good contract and at the same time you are not sure if it is the right thing to do.
The word ethics has it’s roots in the Greek word ethos, which means “customs,” “conduct,” or “character”( The Free Dictionary) Ethics is concerned with the kinds of values and morals an individual or society finds desireable or appropriate ( Northouse, 2010). Other say, when they think of what is ethic they mention the „ golden rule“ from the Bible which says in reverse version “Do unto others as you would have them do unto you” and the ethical theory point out that as system of rules or principles is that which helps us to make decision about what is good or bad and what is right and wrong in curtain situation ( Northouse, 2010
When it comes to what is costume or and what is norm in one country we compare it with the custom in our country and then we evaluate and compare the situation to our country. But if we act unethically that means we are violating the social, legal and personal norms of conduct in our culture so we need personal standard to act ethically (Brett, 2007).
Today where companies operate more in the global market place they encounter some different business activities. To meet these difficult situations have many companies including Wal-Mart and...

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