Business ethics are an almost daily topic in the news, in business schools, in the workplace and in our homes. For example, in some countries it is acceptable and ethical for customs agents to receive gratuities for performing ordinary, legal tasks that are a part of jobs, whereas in other countries these practices would be viewed as unethical and perhaps illegal.
Since public image is largely a result of company behavior, business ethics play a large role in determining public image since they determine behavior. Getting hands-on experience through part-time jobs in insurance companies, during college days is a good idea.
Business ethics are part of that plan including the company’s strategy for growth, stability, and profits. If the organization uses some unethical means to achieve its goal that is unaccepted by its stakeholders will give rise to ethical issues under business goal and personal goal.
For example, if your coworkers make long-distance telephone calls on company time and at company expense, you might view that behavior as acceptable and ethical because everyone does it. Significant others are persons to whom someone is emotionally attached-spouses, friends, and relatives, for instance.
Business ethics is the application of ethical values to business behaviour. The only way to run an ethical business is to back up your words with positive and timely action. It is impossible to discuss business ethics as a branch of academia without taking a look at the relationship between business ethics and public image.