What are business values and ethics?
Understand the Problem
The question seems to be asking about the concepts of business values and ethics, potentially seeking an explanation or discussion on their importance in the business world.
Answer
Business values are what a company delivers; ethics are how it achieves them.
Business values are what a company aims to deliver, such as innovation and customer focus, while business ethics are the moral principles guiding how these values are achieved, including honesty and integrity.
Answer for screen readers
Business values are what a company aims to deliver, such as innovation and customer focus, while business ethics are the moral principles guiding how these values are achieved, including honesty and integrity.
More Information
Business values focus on the tangible objectives and outcomes a company seeks to achieve, like customer satisfaction and innovation. Business ethics, on the other hand, are the guiding principles ensuring these values are achieved in a morally sound manner.
Tips
Avoid confusing the goals (business values) with the methods and principles (ethics) used to achieve them.
Sources
- IBE Business Ethics Framework - ibe.org.uk
- What Is Business Ethics? Definition, Principles, and Importance - investopedia.com
- What Are Ethical Values in Business? - Leaders.com - leaders.com
