answersLogoWhite

0

difference between ethics and business ethics

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Law

What is the difference between a solicitor and a commercial solicitor?

A solicitor is a legal professional who provides advice and representation on legal matters, while a commercial solicitor specializes in business-related legal issues such as contracts, mergers and acquisitions, and corporate governance. Commercial solicitors typically work with businesses to navigate complex legal issues and transactions specific to the commercial sector.


Why Good corporate governance is a question of ethics?

The phrases "Socially Responsible", "Corporate 'Social Responsibility", a "The Social Responsibility of Business" are at times used as though they were synonymous with business ethics. But this can be misleading if it is taken to imply that business ethics deals exclusively with the relationships between business organizations and what have come to be called their" external constituencies such as customers, suppliers, government agency , community groups and even host countries. For while these relationship define a large and very important sub-domain of business ethics, they do not exhaust the field, there remain equally important "internal constituencies" (employees, stockholders, boards of directors and senior executives) as well as ethical issues that do not lend them- selves to "constituency" or stakeholder analysis. Thus, business ethics is a more embracing field of inquiry than corporate social responsibility, even though it includes the latter. Questions, like moral responsibilities, obligations and virtues in business decision making also form part of ethics e.g. choices and character of persons, the policies and cultures of organization. The subject of business ethics, therefore, is multi-leveled. At the level of the individual ("the ethics and values of business person"), attention is paid to the values by which self-interest and other motives are balanced by concern for fairness, properness, right / wrong and the common good, both within and outside the company. At the level of the organization ("the ethics of a business enterprise"), the focus is on the spoken or unspoken group consciousness that every company has either by design or by default, as it pursues its economic objectives. Finally, at the level of society itself (" the ethics of business system"), business ethics examines the pattern of cultural, political and economic forces that drive individuals and firm's values that define democratic capitalism in a global environment. The ethics of Corporate Governance is therefore; the determination of what is "right", "fair", "proper" and "just" in decisions and actions that affect other people -goes for beyond simple questions of bribery, theft and collusion. It focus on what our relationships are and ought to be - with our employees, our customers, our stock holders, our creditors, our suppliers, our distributors, our neighbors and other members of the community / society in which we operate.


What is difference between a citizen and a subject?

A citizen typically has rights and responsibilities within a specific country, and may participate in its governance through voting and other means. A subject, on the other hand, usually refers to someone who is under the rule of a monarch or government without the same rights and autonomy as a citizen.


What is the difference between 22 and 25?

25 is 3 more away than 22


What are the characteristics of business law?

Business law, also known as commercial law, governs the rights, relations, and conduct of individuals and businesses engaged in commerce, merchandising, trade, and sales. Key characteristics include the regulation of contracts, ensuring legal enforceability of agreements between parties. It also covers employment law, safeguarding employee rights, and guiding employer obligations. Business law handles intellectual property protection, ensuring businesses can safeguard inventions and trademarks. Additionally, it governs corporate structure, guiding the formation, operation, and dissolution of companies. Consumer protection and dispute resolution mechanisms, such as litigation or arbitration, are also crucial aspects, promoting fairness and legal recourse(954-440-0901) in commercial dealings.

Related Questions

What is the difference between corporate governance and corporate social responsibility?

Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.


Difference between corporate level strategies and business level strategies?

difference between business level strategy and corporate level strategy?


What is difference between business ethics and corporate governance?

the main difference between corporate governance and ethics is that the ethics are the philosophical and morally decent standards that a corporation attempts to stand by, while governance processes are the means by which a corporation attempts to remain as ethical as possible while still making a profit. The governance obligations and operations of a corporation vary depending on its type. For example, a sole-proprietorship--a business owned by a single person--has different financial necessities and legal obligations than a massive, publicly-traded corporation


What has the author Stephen Bloomfield written?

Stephen Bloomfield has written: 'The Small Company Pilot' 'Theory and practice of corporate governance' -- subject(s): BUSINESS & ECONOMICS / Management, Corporate governance 'Reading Between the Lines of Company Accounts'


What is the difference between corporate plan and business plan?

Try www.burgessglobalconsulting.com. They can help you!


What is the difference between Corporate Social Responsibility and Corporate Citizenship?

The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.


What are difference between democratic governance and good governance?

difference between good governac and democracy


According to Mr. Price’s Corporate Governance Report, they differentiate between governance and effective governance. Explain what these differences are?

Xnmxxx


What is the difference between social responsibility and corporate social responsibility?

The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.


Difference between sme and corporate Clint?

"Difference between sme and corporate client?"


Explain relationship between financial and non-financial performance indicators in achieving corporate governance compliance?

relationship between financial and non-financial performance indicators in achieving corporate governance compliance.


What is the difference between corporate planning and tax planning?

Corporate planning is planning made for your business while tax planning is minimizing the taxes you pay in a legal manner