Question

Do you think business ethics is possible? Sen and Vaidya claim that business ethics are not only possible but a necessary element for businesses to function. How do they show this? Do you agree or disagree and why?

Answer 1

Business ethics is possible and it can be fully practiced by a person who is hard core  successful businessman.

Explanation:

• Ethics is a philosophical science of understanding human behavior from all the aspects and differentiating between right and wrong.
• Business or corporate ethics deals with ethical and moral challenges faced in a business environment. It can be also defined as a set of principles or values decided by the organization's culture.
• Functioning is an important element in any of the business undertaken. And the functioning of these corporate ethics in a way which are personal, professional and corporate helps one to achieve success in business.
• It is mandatory to follow business ethics as they have a potential impact on the organization.
• Following business ethics helps one to achieve their goal in a defined and polished manner