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The discussion begins with an exploration of ethics, defining it as the fundamental moral guidelines that govern our behavior, emphasizing the distinction between right and wrong. It prompts reflection on the origins of personal ethics—whether they stem from nature, nurture, or both. The speaker encourages self-assessment on one's ethical stance and raises important questions about the nature of ethics, including whether it is situational or absolute. Transitioning to business ethics, the speaker intends to differentiate it from general ethics, setting the stage for further exploration of ethical principles in a workplace context.