What are business ethics?


Quick Answer

Business ethics refers to the moral compass that drives people's actions in activities related to commercial operations. The ethics can refer to the business person's moral ethics as well as external factors that they must adhere to like legal compliance.

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What are business ethics?
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Full Answer

Strong business ethics range from the way that an employer treats its employees to how it conducts business with its customers. The culture of a company comes from how it prioritizes the well-being of its employees and their happiness. Many companies will focus on employing people that have specific values to fit with the company. In addition, a company's contribution to society and focus on social responsibility can also be a component of its ethics and how it is represented within the company's local and global community.

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