Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment.It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.Business ethics has normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.t applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.