Ethical conflicts in business are caused by a number of moral dilemmas that are not easily solved. When a business decision needs to be made, careful consideration of the options and how each one may affect a person or community helps reduce the potential negative impacts, depending on the industry. Every decision made by the business is based on the effect it may have on any one of these groups of people, or the environment surrounding it. It is up to each company to make their own decisions about business dilemmas relating to pricing, employee wages, suppliers, animal testing, marketing and other complicated issues that may arise. By definition, business ethics are the moral principles that act as guidelines for the way a business conducts itself and its transactions Templates Free business templates to use in your personal or professional life. Related: Professional Code of Ethics: Definition and Examples Companies have to weigh the needs of the community in which they operate. What are Business Ethics? This is a classic situation where ethical business decisions cannot be made in a vacuum but require broader considerations relating to the health and safety of the community and the … Examples of Ethical Behavior in the Workplace While understanding the basic principles of business ethics is important, it is arguably more important to understand how … An ethical business has concern for anyone and anything impacted by the business. This includes customers, employees, vendors and the public. Templates include Excel, Word, and PowerPoint.