Modern ethics is first and foremost, the science that allows to consider human relationships, as well as to evaluate the behavior of people in terms of generally accepted norms. Maslow’s theory was that there are a broad array of human needs that can be depicted as a hierarchy, such that the lowest level of need is of primary interest to the individual, and that it is generally the case that the individual will be inclined to fill his lowest level of need before seeking to fulfill needs on a higher level.
The crystal award statute, created by internationally renowned designer Peter Wayne Yenawine of Swarthmore, Pennsylvania, signifies the roots of ethics in the ancient world, strong ethical foundations, aspirations t high standards of business cnduct, and the multifaceted nature of ethics in our daily lives.
At present, there are at least five journals devoted to the field (Business Ethics Quarterly, Business Ethics: A European Review, Business & Society, Business & Society Review, Journal of Business Ethics), and work in business ethics appears in mainstream philosophy and social science journals as well.
Business activities are an integral part of the economic discourse, the economic system of Islam started in the ethical consciousness, whereas other economic system tends to override ethics in business, ethics is not so prominent in the economic system.
These policies can be simple exhortations in broad, highly generalized language (typically called a corporate ethics statement), or they can be more detailed policies, containing specific behavioural requirements (typically called corporate ethics codes).