Characteristics of Business Ethics

Characteristics of business ethics: Business ethics are ethics that refer to the moral rules and regulations governing the business world. The following are the important features of business ethics:-

1. It is considered both as a science and an art.

2. Business ethics are the principles, which govern and guide business people to perform business functions and in that sense business ethics is a discipline

3. It studies the activities, decisions and behavior which are related to human beings

4. It is based on theological principles such as sincerity, human welfare, service, good behavior etc.

5. It is based on reality and social customs prevailing in business environment.

6. It continuously test the rules and moral standards and is dynamic in nature

7. It has universal application because business exists all over the world

8. Many of the ethical principles develop the personal dignity

9. Business ethics keeps harmony between different roles of businessman, with every citizen, customer, owner and investors

10. Personal dignity can develop with the principles of ethics.

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