Question

what is relation between ethics and values?

Answer 1

Ethics and values are important in every aspect of life, when we have to make a choice between two things, wherein ethics determine what is right, values determine what is important. In the world of intense competition, every business entity work on certain principles and beliefs which are nothing but the values.

Answer 2

 Ethics (~morality) are principles deciding what is right and wrong for an individual or a group of people. Values are principles whose implementations, one considers to be of high virtue, irrespective of them being either ethical or unethical. Ethics and Values may differ from person to person, from culture to culture.