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top   »  strategy   »  business strategy   »  business principles   »  principles   »  principles vs ethics

Principles vs Ethics

 , updated on January 14, 2023
Principles are a theory, law or rule that are at the foundation of something. For example, a business may establish principles to guide future decisions and strategy. Principles are commonly used as the foundation of a society, system, philosophy, science or profession. As such, principles can aren't necessarily related to morals and can be used to describe a business strategy or scientific law.
Ethics are knowledge and principles related to morals. They may be adopted by an individual or profession as a set of shared moral conduct such as legal ethics or medical ethics.
Principles vs Ethics
PrinciplesEthics
DefinitionA foundational theory, law or rule.Knowledge and principles related to morals.
BasisBusiness, management, science, moralsMorals
UsesDecision Making
Problem Solving
Judgment
Strategy 		Decision Making
Problem Solving
Judgment
Strategy

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