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What principles and standards do business ethics include? There are two most important factors, honesty and respect for people. Honesty requires business entities do not use trickery or illegal methods to make profits and unfair competition. For partners, customers and consumers, business entities must keep the trust in business, whereby enterprises and entrepreneurs must keep the trust in the relationship, ensuring the fulfillment of obligations and commitments; not producing and trading in fake goods, fake goods, low-quality goods, goods harmful to human health, advertising untruthfully, infringing upon intellectual property rights, labels and origin of goods. Business subjects must strictly abide by the State’s laws, whereby enterprises and businessmen do not evade taxes, illegally tax, produce and trade national banned goods. For society, business entities must not pollute the natural environment (toxic discharge into the environment, destroy the ecosystem) and the social environment (trade in goods or services that are harmful to traditions and customs, affecting human education), implementation of social responsibilities.

The principle of respect for people requires that business entities respect the dignity and legitimate interests (wages, insurance, retirement, and regimes and policies); ensure labor safety; create conditions for physical and intellectual development of the contingent of officials and employees in the enterprise; expand democracy and encourage the promotion of innovation and technology; respect customers’ needs, interests and psychology; fair and fair competition with competitors, promoting an atmosphere of both cooperation and healthy competition; associating the interests of enterprises with the interests of customers and society, attaching importance to business efficiency and social responsibility.

The subject of business ethics is the subject of business activities, including all subjects of business relationships and behaviors, including businessmen and business organizations such as households and companies. , enterprises, corporations as well as partners and customers. Business ethics has a wide scope of application, including all social institutions, organizations and individuals related to or affecting business activities such as political institutions, governments, unions, suppliers. candidates, customers, shareholders, business owners, officials and employees in businesses, business organizations …

How does business ethics play a role in the development of your business – the entities conducting production and business activities? The fact that the level of sustainable development of the business depends on business ethics and the growth in profits is associated with the practice of business ethics.

Business ethics as the most important component of a business culture is a cornerstone of the trust of partners, customers and consumers. Business ethics is the basis for building trust, cohesion and loyalty of staff in the enterprise, ensuring from leadership to all employees in the enterprise. conduct ethical standards, thereby constantly improving the image, reputation and brand of the business. The survival, development and profitability of the business is decided by the consumer, so businesses that want to achieve high profit margins and sustainable success must build a business ethic foundation. for your business.

Today we witness the richest people in the world setting up charities to help the poor. Many rich people also donate all or most of their wealth to charity. That is to say, making money is not the ultimate goal of entrepreneurs, but making money so that it is ethical, humane, transparent and legitimate.

Wealthy businessmen also say that money is not the motivation, but they expect society to progress toward fairness, goodness and humanity while protecting the natural environment for the sustainability of our earth. Therefore, at the World Economic Forum on January 20, 2016 in Switzerland, environment protection is taken seriously. In the current context, morality is attached to environmental protection.


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