Management is the process of planning, organizing, leading, and controlling resources to achieve goals efficiently, while leadership is the ability to inspire and motivate people toward a shared vision. Effective managers combine both—keeping operations on track while guiding people with purpose and enthusiasm.

This highlights the meaning and importance of business ethics, outlines common ethical issues in business, and identifies steps organizations can take to improve ethical behavior.

Explore how businesses operate within economic systems, the forces that shape markets, and the connections between supply, demand, and decision-making.