What do business ethics provide to individuals and organizations?

Business ethics provide guidelines for acceptable behavior, which are crucial in shaping the culture and practices of individuals and organizations. These guidelines help establish standards for what is considered right and wrong in a business context, promoting integrity and fairness in interactions with employees, customers, and stakeholders. By adhering to these ethical standards, businesses can build trust and maintain a positive reputation, which is essential for long-term success.

In contrast to the other options, which focus on specific aspects of business operations, the guidelines offered by business ethics encompass a broader spectrum of behavioral standards. While frameworks for financial decision-making, strategies for competitive advantage, and protocols for technological advancements are important, they do not inherently address the moral implications of business actions. Business ethics, on the other hand, ensure that decisions are made responsibly and in a way that respects the rights and dignity of all involved.