Ethics

Business ethics involve the application of ethical values such as fairness, transparency, and integrity to business behavior. This field is about what constitutes right or wrong behavior in the world of business. Ethical business practices are about more than just following the law; they involve acting in ways that promote trust and respect between companies and their stakeholders, which includes not only shareholders but also employees, customers, and the wider community. Companies with strong ethical foundations are often rewarded with greater customer loyalty, better employee morale, and a more positive reputation in the marketplace.