Morality deals with the values and norms that define right and wrong for individuals and communities through social processes. Ethics in the corporate sector studies morality and applies it to evaluate specific rules and principles to determine right and wrong in corporate situations. Ethical theories provide guidelines for justifying right or wrong actions when resolving conflicts, while morality is concerned with social practices, and there is no single moral philosophy accepted by all.
2. Morality
Morality is concerned with values, beliefs and
norms which are in totally in a social process
that right and wrong for an individual or a
community.
3. Ethics
Ethics in corporate sector is concerned with the
study of morality and the application to evaluate
specific rules and principles which determine
right and wrong for the given situation in
corporate sector.
All the rule and principal are known as ethical
theory.
4. Morality Vs Ethical Theory
Morality is concerned with the social
practices defining right and wrong.
Ethical theory provides guidelines for
justification of right or wrong actions when
settling human conflict.
No one moral philosophy is accepted by
everyone!
