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  • Essay / Difference Between Ethics and Morality - 1540

    Since both terms affect our distinction between right and wrong, there is a lot of overlap that makes it difficult for many to tell them apart. Morality is based on personal and religious beliefs, it tends to be more abstract and subjective. While ethics is a shared principle used by organizations to promote fairness in social and business interactions. Ethical guidelines can help minimize inconsistencies in the decisions an organization makes. To facilitate interactions between different groups of people within an organization, ethical principles create a culture that helps promote compliance with company rules and policies. In addition, they help to neutralize the work environment so that everyone can respect the same codes. In business relationships, companies with strong ethical principles enjoy a better reputation, which allows them to have a competitive advantage over them.