Ethical and Moral Issues in Business

Ethical and Moral Issues in Business

Ethical and Moral Issues in Business

The definition of ethics is the principles, norms, and standards of conduct governing an individual or group. Morals are defined as personnel beliefs of right and wrong conduct.

What are the differences between ethical issues and moral issues? The difference between ethical issues and moral issues are similar and different. What are the differences between personal ethics and business ethics? The difference between personal ethics and business ethics are also similar and different. Examples will be provided for common ethical problems in business for each of these questions.

The difference between ethical issues and moral issues is ethics is a code of conduct, and morals are beliefs. The similarity is that ethics can be moral, and the difference is that ethics can be immoral. People who watch golf can relate to the Masters and, it is the most prestigious golf title that can be won. At one time the Masters course discriminated against people who were not white. The laws of the time made it ethical to discriminate, but it was immoral. The Masters course is now open to all races, and this is ethical and moral. An example of something moral, but not ethical would be the belief in smoking. Some individuals believe that it is their right to be allowed to smoke. Ethically smoking near others is not moral. The laws in New York prevent any smoking in public buildings or venues.

The difference between personal ethics and business ethics are personal ethics are principles or standards of conduct and business ethics are set by the business or industry. An example of this would be the customer is always right. A customer comes in and demands that a pallet be rewrapped and strapped. The pallet has already been loaded on his trailer. A warehouse worker reluctantly takes it off the trailer and rewraps and straps it. The warehouse worker was respectful and nice to the customer, and this...