The Importance and Function of Business Ethics

The importance of business ethics lies in that it guides enterprises to make appropriate decisions and behaviors in a moral sense, establishes standardized business ethics, and makes the operation of enterprises meet ethical requirements. On the one hand, the function of business ethics can promote the virtuous circle and sustained growth of economy, standardize market operation, on the other hand, it can establish order and make up for market defects. The function of expanding information business ethics is that business ethics is the basis of the relationship between business and society, and it is an interdisciplinary subject between business and ethics. China enterprises have gained a lot of experience in Confucian culture, Taoist culture and Buddhist spirit, and are also deeply influenced by it. Through personal moral cultivation and moral education, business ethics enables entrepreneurs and managers to strengthen moral self-discipline and improve their moral quality with the help of moral norms, and rationally adjust the relationship between personal interests, local interests of enterprises and overall interests of society. With the vigorous development of China's economy, business ethics has occupied the focus of social discussion in the field of market economy. The study of business ethics makes business and business subjects full of vitality, and is conducive to the harmonious development of a reasonable business ethics order. Then standardize the commercial ethics issues such as the commercial behavior principles that commercial subjects should abide by and the excellent commercial spirit that should be established. In the development stage of socialist market economy, the market mechanism is imperfect and there are a lot of immoral and illegal phenomena. At this time, the market economy can't solve the status quo, but business ethics can regulate the operation of the market and promote the solution of market failure. It has inherent binding force, which plays a role in regulating and promoting society, market, management and politics, and makes the market economy develop healthily and grow continuously. On the other hand, when the market mechanism can fully play its role, the market is still powerless to some economic activities. At this time, business ethics can play a complementary role in the combination of legal system and moral system to make up for the defects of the market. The importance of business ethics lies in that it guides enterprises to make appropriate decisions and behaviors in a moral sense, establishes standardized business ethics, and makes the operation of enterprises meet ethical requirements.