Question

Difference between business ethics and ethical business

Answer 1

Answer:

Explanation:

Business ethics relates to how an organisation conducts its business in order to make profit or achieve other goals. Any organisation can seek to do what it does in a way that takes ethics seriously.

Answer 2

Difference between business ethics and ethical business is as follows:

Explanation:

Business ethics:

• It is implementing appropriate business policies and practices with regard to 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 an individual or entire organization.
• Some issues of business ethics include bribery, corporate governance, discrimination, social responsibility, insider trading, and fiduciary responsibilities.  

Ethical business

• A business is said to be ethical business if it has strong, ethical leadership, core value statement, integrity and fairness, respect for employees and customers, loyal relationships with employees and customers, and concern for people and environment.
• A truly ethical company will be one that is not causing damage to the environment, exploiting its workforce by paying low wages, using child labor, or producing products which are harmful to environment or people.
• Some policies of Ethical business are equal pay for equal work, using ethical sourcing methods, using environment friendly processes.