Business Ethics Varies From Person to Person
Business ethics refers to a system of moral standards or a rule of behavior or professional code of conduct, which businessmen should follow. It includes all the moral standards of business such as honesty final dealings, truth in advertisements, use of right weighs and measures, etc.
Business ethics depends on several factors. The pesos beliefs of businessmen influence the code of conduct he or she follows in his business dealings. For example, a businessman who believes than it is not bad to overcharge customers will consider overcharging as normal business behavior. Another businessman who considers it unethical is not likely to over charge and cheat costumers. Therefore, business ethics warier form peons to person.
Social values and social forces exercise considerable influence on business ethics. For example, in a developing country like India it is normal for a tailor not to deliver the clothes on the promised date. But In man developed countries the tailor failing to deliver the clothes on the promised due can be penalized severely. Thus, business ethics differs form lace to place.
Business ethics also undergoes change with Tim. Government rules and regulations change from time to time. Now a producer of baby food has to mention, “Mother’s milk is the best food for a baby ” in his advertisement. Earlier it was not required. Thus, business ethics varies from time to time.
Tags: Business, Business Tips