What Ethical Standards Should Guide Business Practices?
Ethics is defined as the discipline dealing with what is good and bad and with moral duty and obligation, it is also called moral philosophy the discipline concerned with what is morally good and bad, right and wrong. (www.Brittanica.com, Peter Singer) According to “John C. Maxwell, ethics 101” The term is also applied to any system or theory of moral values or principles. However the term ethics is a more complex term than defined, it is a very complex issue that many businesses are faced with implementing ethical standards guidelines. Ethics is never a business issue, a social issue, or a political issue. It is always a personal issue. People say they want integrity however they are uncertain about the true meaning of integrity. But at the same time, ironically, studies indicate that the majority of people don’t always act with the kind of integrity they request from others.
