Question

Practice of business ethics and morals developed by who

Answer 1

Norman Bowie started business ethics in the year 1974 with a conference in business ethics.   Business ethics is famously known as corporate ethics which is a part of ethical studies.   It is a set of norm or rules designed to make a team work on a common goal or objective for the organisation.

Answer 2

Lawrence Kohlberg was the psychologist who developed the theory on the development of morality. This theory has had a lot of influence on the psychological studies on women and also in business ethics.

Explanation:

• Kohlberg's theories are used by the ‘business organization’ to interact with their employees and also train them.  

• These are used for interacting with managers and other important ‘stakeholders and its leadership’ during the different growth stages.

• The organizations make use of moral ‘development techniques’ for creating effective and efficient company policies and procedures.  

• Ethic is used for reference to standards, moral conclusions, rules and the code of conduct in the organizations.

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