Ethical Conduct in Business Management

Ethics is an important part of life and running a successful business is no exception to this. For a business to prosper and maintain its wealth, it ought to be established on certain ethical principles. A business that is based on ethics can run successfully for long years. Money makers who do not pay attention to ethical values can only earn a short-lived success. To last long in the market, business ethics is essential. Thus the study of business ethics is a core part of business knowledge that practicing and would be business managers need to be acquainted with since it contributes to the long term survival and prosperity of businesses.The principle focus of this book is the understanding and appreciation of a way of life in which money and profits play an important but certainly not exclusive role. There is an element of constructive criticism of business life and practices; however the center of attention is not business' failures or evils, but rather its purpose and roles in society.