Morals and Ethics in Business

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Description

Honourable Justice Potter Stewart once said that “There is a big difference between what we have the right to do and what is right” (IDEM, 2005), this saying underlines the fact that moral issues and ethical issues that face business people and independent persons are essentially different. Morals can be taken to as the acceptable standards engraved in our customs that judges between right and wrong acts. Ethics is in the other hand broader than the morals because it encompasses a greater picture that explains what actions should be taken leaving the moral aspect to control the execution of the actions (Galston, 1991). The business should develop values among the employees in which their activities are driven by doing not only what is legal but what is right and brings good to the majority of their clients (Hudson, 1986).