In this chapter, we study the principles and evolution of ethics. We focus on why organizations need to be ethical—the significance of ethics and the benefits it brings. We analyse the ethical challenges in the current changing business environment. The chapter enables you to comprehend the concept of ethical business and its role in promoting good business and improving the overall welfare of society

Ethics reflects a society's notions about the rightness or wrongness of an act. Ethics also involves the evaluation and application of certain moral values that a society or culture has come to accept as its norms. It is generally described as a set of principles or moral conduct. Business ethics, therefore, is a ...

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