Ethics In Modern Economy
Ethics In Modern Economy

Summary/Abstract: Ethics is defined in various ways. Its significance is emphasized in the conditions of severe competitive challenges. Modern managers have a difficult task to realize their activities in the ethically accepted framework, but not to become less competitive. There are different approaches to business ethics depending on the interpreter of the business ethics. Companies, which are leaders in their areas, have realized the significance of ethically responsible business. This paper presents ethics as a significant phenomenon of modern economy. We emphasize the need for education of managers in respect of ethical norms and social responsibility.

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