Professional Documents
Culture Documents
- Normative Ethics
- Meta-Ethics
- Descriptive Ethics
- Relational Ethics
- Applies Ethics
- Evolutionary Ethics
1.Trasactional ethics
2.Participatory ethics
3.Recongnitional ethics
Business Ethics
Business ethics is basically a type of principle of applied ethics, which analyzes various ethical rules and
ethical or moral problems that may take place in a commercial environment.
In the 21st Century, one of the most significant aspects of the commercial marketplaces all over the world is
the growing focus on conscience. As a result, the necessity for highly ethical business practices (which is
also referred as ethicism) is on the rise. At the same time, force is also being applied on businesses and
industries for the development of business ethics with the help of novel public efforts and regulations (for
example, increased amount of road tax in the United Kingdom for vehicles with higher emission).
Business ethics can take the form of a descriptive field (subject area ) or normative field. The descriptive
discipline is applied in the academic world. The normative discipline is basically implemented as a corporate
device and it is also utilized in the form of career specialization.
The number and degree of business ethical issues gives the evidence of how much a business is compliant
with the social values (non-economic).
The different forms of business ethics can be categorized into the following types:
The professional business ethics can be categorized into the following types:
• Discrimination issues
• Strike breaking or union busting
• Drug testing
• Workplace surveillance
• Whistle-blowing
• Occupational safety and health
• Employment law
• Indentured servitude
• Kickbacks
• Creative accounting
• Earnings management
• Misleading financial analysis
• Insider trading
• Securities fraud
• Bucket shop
• Forex scams
• Executive compensation
• Bribery
• Facilitation payments
Ethics of production
• Transfer pricing
• Fair trade pricing
• Cultural imperialism
• Globalization
• Child labor
A large number of companies are appointing business ethics officers as a part of their compliance and ethics
programs, and these officers are also known as risk and compliance officers.