Business is a profit making activity and every business needs to be run on certain principles which are called business ethics. Business ethics is moral guidelines to be followed to run a honest successful business. A certain code of behavior, conduct and norms has to be implemented in order to decide the right and wrong business practices. Business ethics have to be implemented and practiced in all aspects and activities connected with our business. The different guidelines to be followed for an ethical business are as follows: A businessman must always respect the laws of the country and state and run the business  [...]

As a service provider or product seller, you must never do the following things to your client Never make redundant excuses only for buying some extra time or for getting a few days off: If you feel that you will not deliver a product within the deadline or feel that you will not be able to complete a task within the given period, you should discuss it with your client clearly. Never give needless excuses just for buying some more time. Doing so will not only slow down your work progress, but will also force the client to start suspecting you and of course your reasons. Make sure that you never lie to any of your clients.  [...]

Some people can keep secrets without being even a little bit uncomfortable and some people find keeping secrets the hardest job on this plant. You may belong to any of these two groups, but keeping the company secrets should be equally important for you. There’s a common belief that only Government employees need to keep secret; however, the truth is that every company has some secret and it is the duty of the employees to guard them from outside world. As an employee, you must be aware of the fact that information means power. How much successful a company will be is largely dependent on the company’s ability of keeping  [...]

Globalization which started as mission to connect every nation of the globe together in terms of trade has seen an upsurge in foreign investment in many emerging economies. Waves of investment pumping were noticed in many nations and in that process several businesses formed and many were reorganized. That was the time at least a decade ago and now business formation tends to bank on socially oriented schemes like green businesses. Time is now favorable for eco entrepreneurs to grow. Business firms which support eco-friendliness are sure to grow faster than their opposite counterpart as the former enjoys government support  [...]

It is amazing how the banks that precipitated the economic crisis as we know it today have got off the hook without so much as a rap on the knuckles (just some public reprimands that don't amount to much). In fact, it is a remarkable feat on the part of their negotiators to not only get them off the hook but also managed to get money out of the taxpayers pockets to fund their own pocket. If this is not daylight robbery, pray tell what is? Financiers at AIG, a symbol of corporate greed now, were given millions of dollars by way of bonuses simply because they completed a transaction. But who would stop and think about the consequences  [...]