What is a key characteristic of business ethics?

A key characteristic of business ethics is that it examines how values should apply in business conduct. This perspective goes beyond just following laws or maximizing profits; it encompasses a broader understanding of what is considered right or wrong in a business context. Business ethics seeks to guide decision-making and behavior in a manner that reflects moral principles, such as fairness, honesty, and respect for stakeholders.

This approach helps businesses consider the impact of their actions on employees, customers, suppliers, and the wider community, fostering a culture of integrity and accountability. By focusing on the application of values in business, organizations can build trust and credibility, ultimately contributing to long-term success that goes beyond mere financial performance.