The hub of this paper is to know about the ethical codes of business and the importance of ethical practices in the real life. It also gives a brief idea on how to implement required ethical practices in business organizations?
Descriptive and analytical research methodology is applied in this research paper. The findings of paper are purely based on a code of business ethics which should be implemented in every single organization in objective and effective way.
The subject of Ethics is from the subject of Philosophy. It is liable to addresses questions about morality and no doubt it is an important part of every one’s life. There are two levels of ethics; theoretical and applied ethics. Business ethics is one of the most imperative parts of the applied ethics. In this paper, I will try to discuss some of the major ethical philosophies that are applied to business ethics such as teleological ethics, utilitarianism, egoism, deontological ethics, etc. The purpose of this study is to represent which ethical approach is appropriated in business.
Keywords: Ethics, Business Organizations, Code of Ethics, Ethics in business, Communication, Ethical theories.
Governments of all countries of the world have either prepared a strong code of business ethics for the organizations to follow these codes to deal with the customer and to handle the daily activities of organization, or they ask business entities to schedule their own code of business ethics to implement it but this code of ethics must be within the rules and laws made by the government of that country. ...