Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. Individual Ethics is more concerned with Moral reasoning, wherein actions are judged with reference to moral standards. The job profile involves introducing various insurance policies of a company to potential customers, according to their needs. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings.
Ethical businesses may not always live up to their ideals, but they are clear about their intent. 4.individuals who deal with business organizations have to evaluate and follow in their day to day dealings and decisions. The Institute of Business Ethics, whose slogan is “doing business ethically makes for better business”, describes the term business ethics as such.
Business Ethics is a form of the art of applied ethics that examines ethical principles and moral or ethical problems that can arise in business environment. He is a professional, who is involved in serving clients and customers, who wish to sell or buy businesses.
Values determine ethical balance and organizations should be well founded with positive core values with services that benefit all that they interact with. One’s moral values and central, value-related attitudes clearly influence his or her business behavior.
Ethical companies have social responsibilities which allow them to flourish undiminished and make profit. They are the standards expected within the business world, even if they are not written down and which business people ought to adopt. They assert that to assume that the primary function of a business is to serve its client base in an ethical manner is idealistic and that the nature of a free economy dictates that ethics must take a back seat to increasing profits.