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ethical ideologies are systems of moral values that guide people in making ethical decisions they can be divided into two main types idealism and relativism idealism aims for morally perfect outcomes in all situations while relativism acknowledges that the most appropriate moral action may vary depending on the context ethical ideology in business or business ethics emphasizes the importance of honesty integrity and accountability in all interactions it involves considering the effects of action and decisions on stakeholders customers suppliers employees competitors the environment and the community business ethics is an evolving topic generally there are about 12 ethical principles honesty fairness leadership accountability Integrity compassion respect responsibility loyalty respect for the law transparency and environmental concerns these 12 ethical principles are in the very fibers and bones and heart of Mr Ash muara One honesty definition what is honesty honesty speaking and acting