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The Role And Importance Of Ethics In The Context Of Cyclic Evolution Of Business

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  • Camelia BÄ‚EȘU

    (Stefan cel Mare University, Suceava, Romania)

Abstract

The mission of ethics does not reside only in carrying forth the theoretical aspects of moralities, but in being a practical, real guide in the instruction and improvement of ethical life of society. The role of ethics is to assist people and institutions in decision making on what is best for them to do, on which criteria to choose and which are their ethical motivations in their actions. In the analysis of cyclic evolution of business in a company, irrespective of the position taken by the decision maker, the economic conjucture in which that company carries on its activity must also be taken into consideration. Therefore, the furtherance of a proper ethical behavior, both from the part of managers and that of subordinates, has a huge importance with decisive impact on the final results of the whole company on its market evolution.

Suggested Citation

  • Camelia BÄ‚EȘU, 2017. "The Role And Importance Of Ethics In The Context Of Cyclic Evolution Of Business," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 5(15), pages 1-5, December.
    • Handle: RePEc:scm:ejafbu:v:5:y:2017:i:15:p:1-5
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