The role of business ethics in the corporate environment Essay

The role of business ethics in the corporate environment - Essay Example This research will begin with the statement that business ethics is a part of the corporate governance practices of a business. Ethics is not just an academic, legal or moral aspect but in the long term scenarios of business management, corporate ethics is aimed to be established as the essential behavioural traits and part of the organisational philosophy of a corporation which would further strengthen the brand equity of the company and also ensure stable and sustainable growth for the company in the future years. Also, with time, considerations are made regarding the individual consciousness about the application of business ethics in their work which would help to establish self-regulation as an integral part of ethics and corporate governance. Despite the corporate entities, academic institutions, researchers, scholars and practitioners all over the world focusing on the aspect of business ethics and highlighting its role in conducting a profitable and sustainable business, the realm of ethical problems continue to persist in the corporate environment and as a result of which a number of unethical activities and incidences in the corporate environment is often identified. As a result of this, questions arise as to how far the ethical aspects of business management are actually been integrated into the individual organisational approaches of corporate functions and the global stakeholder groups remain sceptical about the integration and real-life implementation of business ethics within the overall business domain.