Business ethics encompasses advantages such as the generation of cultural structure within the company and improved business image and reputation. To apply business ethics effectively, the first step is to define and accept an ethical code that outlines the values and behaviours that define the culture and strategy of the company.

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This concept has gained significant attention in recent years due to cases of corruption, financial speculation, real estate faults, and environmental issues. These incidents have made society more aware of the importance of businesses acting according to certain rules and procedures.

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Society demands that private businesses act ethically and in accordance with the well-being of the social environment. On the other hand, businesses have recognized the importance of incorporating ethical practices into their business management and decision-making processes to maintain their corporate reputation. Business ethics is a philosophy that focuses on the moral values of businesses and aims to take into consideration all stakeholders involved.

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The advantages of business ethics include increased motivation and job satisfaction among employees, the generation of cultural structure, improved business image and reputation, and the creation of policies to avoid corruption within the company.

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To avoid wrongdoing inside the internal sphere, attention should be focused on the employees, and the HR management should provide equal opportunities and support their professional behaviour through courses and trainings. Companies often face conflicts of interest with external groups, such as product quality, relationships with different administrations, suppliers, shareholders, other businesses, the public, and the environment. Therefore, it is crucial that the company takes responsibility for the community and has an ethical approach to external people and their surroundings.

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Terms such as: Integrity, confidence, justice, transparency, dignity, legality, ecology and responsibility are all terms that describe the application of business ethics. To apply business ethics in the company, the first step is to define and accept an ethical code that outlines the values and behaviours that define the culture and strategy of the company. Then, tools, programs, documents, and goals should be created and measured to ensure the company's adherence to the ethical code.

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These tools may include an Ethic Code of Conduct, a formal document outlining the company's values, morals, and commitments, as well as Codes of Good Corporate Governance composed of precise recommendations from experts to which managers and directors should adhere. An Ethic Internal Audit is also an important tool to respond to the major demands of transparency in the management of the organization and ensure adherence to ethical codes and accounting standards, resulting in improved resolution of ethical dilemmas, breach of codes, and conflict resolution within the company.

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In conclusion, business ethics has become an important subject in recent years, as incidents in accounting records and environmental issues have raised society's awareness of the importance of businesses acting ethically. Businesses have recognized the importance of incorporating ethical practices into their decision-making processes to maintain their corporate reputation and satisfy the demands of their stakeholders.

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