For all the people mind, the major objective of a business firm is to earn profits. But the society point of view is different, according to the society business exists to supply goods and services to the people. One may expect that the individual goals of the firm would not be in conflict with the objectives of the society.
Eventhough, human beings run the business enterprises whose decisions and actions may not always be in accordance with the expectations of the society. An enterprise may be good in terms of economic performance but poor in terms of social performance like supplying products at reasonable prices. All this come with the question of what is wrong and what is right from the society’s point of view. The subject matter of ethics is concerned with establishing linkages between individual good and social good.
What is the business ethics? Ethic means character, ideals, norms, and morals prevailing in a group or society. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings. Ethical behavior is just and fair conduct which goes beyond observing laws and government regulations. It means adhering to moral principles, behaving in a way people ought to act and being guided by particular values.
This principle called as ethics that are may be written or unwritten codes or principles governing a professional or human community. This priciple are responsible enterprise develops a culture of caring for people and environment and commands a high degree of integrity in dealing with others.
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