Creating an Ethical Decision Making Framework.... Business ethics (also known as corporate ethics ) is a form of applied ethics or Professional ethics , that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or from the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business. They help those businesses maintain a better connection with their stakeholders. Corporations are being challenged these days for their failure to act in a socially responsible way. Some reasons are that CEOs are paid, on average 278 times the average worker. We continue to learn about irresponsible actions: faulty automobiles (Toyota's unexpected acceleration and Takata airbags); tinkering with au...
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