Business Ethics

Business Ethics

Every business platform is governed by specific guiding principles known as ethics. To begin with, business principles are defined as the established guidelines that each person or organization should follow since they determine whether a person’s behavior or conduct is appropriate for society (Brusseau, 2011). In particular, ethical business conduct is crucial since it ensures long-term personal development and increases corporate or individual productivity. Therefore, the study lends credence to the notion that ethical business practices are essential for success.


First, ethical business practices offer practical advice on the essential matters of an individual, which is why they are crucial to personal achievement (Wiig, 2012). However, it is vital to remember that everyone’s level of values is different. However, the order in which a person places each value has some bearing on the job decisions they make. For instance, if someone values security more than personal accomplishments, they may become more risk-averse and less focused on reaching their professional goals. Additionally, modest people exhibit a great deal of hesitation when it comes to pursuing dangerous alternatives that could hinder their career advancement (Butts, 2012). As a result, business ethics serve as a framework for making decisions about the jobs that are accessible and people’s day-to-day behavior.


The second factor that makes ethical business essential for personal development is that it provides a solid foundation for an individual. Therefore, values influence conduct because they teach people what is right and wrong (Butts, 2012). Personal values, however, are formed due to a person’s upbringing, interpersonal connections, and life experiences. However, professional traits are instilled by the organization’s code of ethics and are transmitted through education. For instance, the International Coach Federation’s code of business ethics demands that every employee uphold honesty in their advertisements and safeguard customer confidentiality.

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