Summarize your overall understanding of Business Ethics, Importance, Implementation, Audits and Sustainability of the Ethics program in an organization.
Also known as cooperate ethics, the concept of business ethics entails the application of ethics or professional code of conduct that assess the norms, values and ethical principles and problems. The idea of observing business ethics is imperative for the reasons that it helps in maintaining a great reputation, assists in avoiding significant financial and legal issues and ultimately benefits everyone involved. Business ethics are implemented by identifying and reviewing company values, engaging the bord of directors, developing the business code of conduct, building ethics into mission statement and integrating ethics in all aspects of company communications. (Murphy,2014)