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This chapter provides an insight into the subject of ethics and business ethics. Many philosophers have expressed different views about ethics. But they all agree that, in essence ethics deals with what is right or wrong.
The Separatist view expressed that, business should concentrate on profits, and ethics and morality do not form a part of business. The Integration view defined a new area called business ethics, where ethical behavior and business are integrated. The external forces like government, market system, law and services will guide the ethical behavior of the business. Finally, the chapter discusses about the need or necessity for business ethics - business in order to survive in the long run should concentrate on the welfare of the society.