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Business Ethics How to behave toward oneself and toward other individuals is a matter of making choices whether to be friendly or unfriendly whether to tell the truth or lie whether to be generous or greedy whether to study in order to pass an exam or to spend valuable study time watching television and cheat to pass it These and all other questions about how people act toward themselves and one another are dealt with in a field of study called ethics Another name for ethics is morality Because both words suggest customary ways of behavior they are somewhat misleading It had to do with what should or should not be done Divide practical wisdom into two parts moral philosophy and political philosophy Theyre defined together as a true reasoned state of capacity to act with regard to the things that are good or bad for man Drucker 1996 One statement of the problem is business organizations as well as members of society in general are plagued by the fact that there are liars cheats and thieves among us Liars cheats and thieves are not new nor are they likely to disappear People will do anything and go to whatever extent to get what they want This is why theres a lack of ethics Definition of terms The word ethics is derived from the Greek ethos meaning character the pattern of behavior or personality found in an individual or group moral constitution moral strength self discipline and fortitude Comptons Interactive Encyclopedia The other is from the Latin mores meaning custom Comptons Interactive Encyclopedia Business Ethics refers to what is right or wrong or good or bad human behavior The concept of business ethics is being able to look at your face in the mirrorDrucker 1996 Ethics is a code of conduct and values that is accepted by society as being right and proper Code of ethics is simply a compilation of the rules that
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