Values and Ethics are principal to any organisation. Values can be defined as those things that are substantial/valuable to or treasured by someone, it’s what we as a professional people judge to be correct both personally and organisationally. Therefore ethics can be defined as moral standards that rule one’s actions or the administering of an activity.
3 TYPES OF ETHICS
1. Descriptive Ethics
The classification of descriptive ethics is the clearest to comprehend - it simply includes explaining how people function or what various moral principles they insist to pursue. Descriptive ethics amalgamates investigations from the fields of the study of man, psychology, sociology and past events as part of the procedure of comprehending what people exercise or have presumed true about moral standards.
The classification of normative ethics includes making or taking accounting moral norms. Thusly , it is an pursuit to catch on to what people must do or whether their present moral behaviour is moderate. Naturally, most of the field of moral knowledge has immersed into normative ethics - there are a small number of philosophers out there who have not tested their hand at breaking down what they perceive what people should do and why.
3. Analytic Ethics (Metaethics)
The classification of analytic ethics, also frequently ascribed to as metaethics, is perhaps the most complicated of the three to comprehend. In fact, some philosophers don’t agree as to whether or not it must be contemplated a nonaligned quest, justifying that it should alternately be included beneath Normative Ethics. However, it is spoken about so often that it has earned its own discussion here
THE DIFFERENCE BETWEEN ETHICS, VALUES AND NORMS.
Values are the regulations by which we decide on what is right and wrong, should and should not, good and bad. They also tell us what is more or what is less significant, which is beneficial when we have to concede none value over another
Morals have a larger social factor to values and tend to have a very wide approval. Morals are way greater than good and bad than other values. Therefore we judge others more heavily on morals than values. A person can be defined as immoral, even though there is no word for them not following values
You can have polished ethics, but you don’t always hear about polished morals. Ethics tend to be systemized into an official system or set of regulations which are specifically adopted by a bunch of people. Hence you have medical ethics. Ethics are thus inwardly described and mimicked, whilst morals tend to be outwardly dictated on other people.
If you slander someone of being unethical, it is the same as calling them unprofessional and may well be taken as a denoting disrespect and seen more individualistically than if you said they were immoral (which by all means they may also not take a liking to).
The significance of ethics and values in business sustainability