It is important to understand the
concept of business ethics before reviewing the Volkswagen case, where they
compromised and cheated with business ethical standards. It is a fact that businesses
do face various ethical decisions and issues on regular basis, and they have to
come up with the right choice in the end. The concept of business ethics is
related to professional and moral standards which deal with ethics. In a business
environment, various ethical issues or moral situations can arise, and when it
comes to deal with them; the concept of business ethics provides the guideline
to choose between the right and wrong. The ethical behavior means that one can distinguish
that what is wrong and what is right, and then chose the right one. There can
be so many issues and situations dealing with business ethics such as
discrimination, bribery, corporate governance, unethical business practices,
insider trading as well as corporate social responsibility. A business
organization can face any of the issues with these aspects and they have to
make ethical choices to remain as a business, which follows business ethics in
its every decision. The business ethics for an organization may arise while
dealing with people, society or business operations (Sharp 2006)
References of Volkswagen Cheating Scandal
Sharp, David J. 2006. Cases in Business Ethics.
SAGE.