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Ethics are actually set of moral values that span across the world; however, ethics vary depending on the culture you are dealing with. The concept of Business Ethics has not been around much, until recently corporate realized that only profit is not what matters for survival. As I mentioned about the deep relationship between culture and ethics, Business ethics do have a deep impact on a Global Level. Corporate firms functioning on different spheres and parts of the globe have Business Ethics depending on the culture of their prospective destination. It is based on the ethics and principles followed by the firm that determines their treatment of society and its environmental resources. However, the thing works other way round too as there are several environmental and cultural factors that have a long-term effect on Business Ethics.

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Q: What is the global impact of business ethics?
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There are many occasions when proper business ethics are exercised by organisations and commercial firms which consider themselves socially responsible and viable. Most financial organisations value their investors as a way of exercising ethics in their business. They call this the Human Capital Value. By considering people as their prime asset, businesses around the world scale their way to success. People of the organisation may include employees, investors, stakeholders, contractors and suppliers. However, in this age of global competition and limits, modern businessmen believe that ethics do not help the business to succeed and prosper, but limits it's resources. The new business age has given birth to a new set of business ethics which are in the best interest of the business itself, these ethics include: valuing diversity, distributed power, reality testing etc. These ethics are further known to be global ethics. ruby Source: - http://www.blurtit.com


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