Business Ethics

Definition business ethics

Business ethics is a branch of ethics that examines ethical rules and principle within a commercial context, the various morals or ethical problems that can arise in a business setting, and any special duties or obligation that apply to persons engaged in commerce.

It is about identifying and implementing standards of conduct that will ensure that, at minimum level, business does not detrimentally impact on the interests of its stakeholders.

Oxymoron Definition 

Dictionary said: A figure of speech by which a location produces an incongruous, seemingly self-contradictory effect, as in "cruel kindness" or "to make haste slowly."

Why Business Ethics is considered "Oxymoron"?

Some business, they bringing together of two apparently contradictory concepts like cheerful pessimist or deafening silence. It is like we do it wrongly but keep it in silent or do something in term later can gain profits. In the business can and do act ethically. They do it because good, ethical behavior is the best long-term strategy for a company. That's not to say that ethical behavior always pays off financially or that unethical behavior is always punished. Unethical can make the business at least in the short term. There for the most part and over the long run, acting ethically can give a company a significant competitive advantage over companies that do not act ethically.