Business Ethics

Topics: Business ethics, Ethics / Pages: 29 (7229 words) / Published: Sep 15th, 2013
National Institute of Fashion Technology
HYDERABAD
Master of Fashion Management (2013-15)
PROFESSIONAL PRACTICES
REPORT ON: BUSINESS ETHICS

SUBMITTED BY: SANTHI BIJU (30)

SUBMITTED TO: PROF. ANNAJI SHARMA
EXECUTIVE SUMMARY

Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.
Ethics is a branch of philosophy and is considered as normative science because it is concerned with norms of human beings. Business ethics has evolved through time and across disciplines into a discipline that is one of the most important topics in the field of business. business ethics from a managerial perspective can be defined as ‘decisions about what is right or wrong (acceptable or unacceptable) in the organizational context of planning and implementing business activities in a global business environment to benefit: organizational performance, individual achievement in the workplace, social acceptance and approval of peers and coworkers in the organization as well as responding

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