Ethics & Morality

What is the difference between ethics and moral and why ethics and moral should to have in business and society? 

Ethics are moral guidelines which govern good behavior. So behaving ethically is doing what is morally right. Behaving ethically in business is widely regarded as good business practice.  This is a couple of quotes:

                                   

The definition of ethics is the basic concepts and fundamental principles of decent human conduct. It includes study of universal values such as the essential equality of all men and women, human or natural rights, obedience to the law of land, concern for health and safety and, increasingly, also for the natural environment. Whereas, morality is a personalized form of these ethics as different people set different sets of morals for themselves. It is different than ethics. For a society, morality is the generally accepted standards of behavior within the society at a point in time, meanwhile for an individual, morality is spoken of as either a set of personal standards that make up the individual’s character.

The difference between ethics and morality gets highlighted when a person works in an organization where ethics are not in conformity with his morals, they can make a problem with other staff. So, from both definition Ethics and morals are relate to “right” and “wrong” conduct. However, ethics refer to the series of rules provided to an individual by an external source, like their profession in business. On the other hand, morals refer to an individual’s own principles regarding right and wrong. This is one professional example of ethics conflicting with morals is the work of a defense attorney. A lawyer’s morals may tell her that murder is reprehensible and that murderers should be punished, but her ethics as a professional lawyer, require her to defend the client to the best of her abilities, even if she knows that the client is guilty.

We can clearly see that morals and ethics though seemingly similar are in fact quite distinct. While the former constitute a basic human marker of right conduct and behavior, the latter is more like a set of guidelines that defined accepted practices and behavior for a certain group of people. So their summary is ethics relates to a society whereas morality relates to an individual person. Besides, ethics also relate more in a professional life while morals are what individuals follow independently.

And why ethics and morality should have in business and society?

For me, the ethics and morality should have in business and society because the society requires a code of ethics in order to provide for order, to prevent or minimize general conflicts within society, to reduce strife between individuals, and to provide a basis for settling conflicts between competing values. With the good ethics, we can get a personal advantage and our business will be a good business. Besides that, with ethics and morality, we can get the admiration, respect of peers and the fewer conflicts with others. Practicing ethics also can makes decisions easier for us as we progress through life.

With an understanding of values, ethics and morals while using ethical principles, a business owner or leader can form a framework for effective decision-making with formalized strategies. So, behaving ethically in business is widely regarded as good business practice. Lastly from me is good ethics and moral  can make our business being good.