what is the difference between moral ethics and an ethical business
Answers
Answer:
Moral Ethics
We all, whether knowingly or subconsciously, approach life with a moral and ethical framework. For many of us, this framework is cultivated early in life. We often tend to take on the beliefs and world view of our parents, our religious community, our friends at school and others who play an influential part in our upbringing. Nonetheless, as we grow and mature, our viewpoints change — sometimes becoming more liberal and sometimes more conservative. The moral frameworks we carry with us do not simply disappear when we start working or when we manage employees. In fact, the ethical frameworks of small business owners are incredibly important factors that shape how the organization is run.
Business Ethics
Business ethics is concerned with applying a moral framework to the way organizations do business. From dealing with human resources issues to sales and marketing policies, ethical viewpoints can shape and change the way businesses operate. Business ethics has both normative and descriptive elements. The normative part of business ethics has to do with understanding how the behavior you and your employees exhibit is related to cultural issues or social upbringing. If you tend to be conservative with money, for example, you may be able to attribute this to being raised with "savers" as parents. The key to normative ethics for small business owners is to understand how your personal beliefs affect the choices you make as a business owner. The descriptive part of business ethics, on the other hand, is related to how you incorporate "best practices" into your organization's policies and procedures. Have you found, for example, that your employees and/or customers respond well to the observance of certain religious traditions or holidays? You may do well then to incorporate these things into your policies, keeping ever cognizant of the varying beliefs and ethical viewpoints of all your customers and employees.