Business Ethics and Corporate Governance, Second Edition

PERSONAL ETHICS AND BUSINESS ETHICS

Personal ethics refer to the set of moral values that form the character and conduct of a person. Organization ethics, on the other hand, describes what constitutes right and wrong or good and bad, in human conduct in the context of an organization. It is concerned with the issue of morality that arises in any situation where employers and employees come together for the specific purpose of producing commodities or rendering services for the purpose of making a profit. An organization can be described as a group of people who work together with a view to achieving a common objective, which may be to offer a product or service for a profit. Organization ethics, therefore, deals with moral issues and dilemmas ...