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A code of practice is adopted by a profession (or by a governmental or non-governmental organization) to regulate that profession. A code of practice may be styled as a code of professional responsibility, which will discuss difficult issues and difficult decisions that will often need to be made, and then provide a clear account of what behavior is considered "ethical" or "correct" or "right ...
Applied ethics – using philosophical methods, attempts to identify the morally correct course of action in various fields of human life.. Economics and business Business ethics – concerns questions such as the limits on managers in the pursuit of profit, or the duty of 'whistleblowers' to the general public as opposed to their employers.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
According to Aristotle, how to lead a good life is one of the central questions of ethics. [1]Ethics, also called moral philosophy, is the study of moral phenomena. It is one of the main branches of philosophy and investigates the nature of morality and the principles that govern the moral evaluation of conduct, character traits, and institutions.
Unethical behavior is an action that falls outside of what is thought morally appropriate for a person, a job or a company. Many experts would define unethical behavior as any harmful action or sequence of actions that would violate the moral normality's of the entire community within the appropriate actions.
Organizations that lack ethical practices as a mandatory basis of their business structure and corporate culture, have commonly been found to fail due to the absence of business ethics. Corporate downfalls would include, but are not limited to, the recent Enron and WorldCom scandals, two primary examples of unethical business practices ...
Unethical communication practices within a company can harm its reputation and shareholder value. [4] [5] However, companies must also maintain a balance between transparency and considerations such as privacy, confidentiality, and profitability. [6] [7] It intersects with disciplines such as sociolinguistics, media ethics, and professional ethics.
Professional ethics encompass the personal and corporate standards of behavior expected of professionals. [ 1 ] The word professionalism originally applied to vows of a religious order.