Ethics can be defined as a process of evaluating actions according to moral principal of values throughout the centuries people were trying to choose between profit and moral, perhaps, some of them obtain both. Those issues concern fairness, justice, rightness or wrongness; as a result it can only be resolved According to ethical standards. Ethics can be defined as a process of evaluating actions according to Moral principal of values. Setting the ethical standards for the way of doing business in corporation is primarily task of management. To be able to keep the ethical standards management must follow the law due to the fact the ethical codes of corporations that that get so important nowadays also did not come into being at once. They emerged from individual ethical standards and corporate consciousness. Moreover, the public demand for prosecution of any violations of corporate, professional and business ethics has been increased.
Finally, mass media made possible for society reveal secrets that were kept from public before. The importance of business ethics is like the foundation to your company is you do not have good ethic practicing in the workplace, your production will not me at it maximum and if that's not at its maximum profits wont be neither, same as if you do not have a good foundation to the company may lead to undesirable results. In conclusion ethics of Business is a very necessary thing to establish the way things are done or prepared in a company, how company policies are followed and so forth.