Ethical Environment - Systems of a Moral Behavior

 

Some business problems arise due to failing on the ethical grounds. The government has enacted many laws and regulations to bring about harmonious operations in business.  However, some aspects of the business operations are left as ethics, called the business ethics. The business ethics emerge from the professional conduct, the business norms and codes on confidentiality, the payment and documentation, the adherence to generally accepted standards of accounting and auditing. Business ethics is a set of norms which are universally accepted as a business behavior.

 

All these factors discussed so far, are beyond the control of the manager.  At best he can predict, assess, evaluate and take such action which will help him to control the situation.