Complete 8 pages APA formatted article: Organizational Behaviour and Human Resource Development. No consideration has been given to the impact of business practices on the environment. This has resulted into an increase in the global warming, and the natural resources reserves are diminishing all over the world. As people learned more and more about these facts owing to the immense universal rise in the literacy rate since the past few years, they have developed a sense of responsibility towards the environment. Ethics and ethical concepts like corporate social responsibility were never given as much importance as they are valued in the contemporary age. There has been a general discouragement and disliking for environment ruining businesses. As a result of this, modern day entrepreneurs face additional challenge of having to comply with the ethical standards in order to gain competitive advantage over their contemporaries in the market. Business ethics is a concept that is getting increasingly prominent in the current market scenario. It is a buzz word in the modern age corporations (Arrizza, 2009). This has also invited much debate owing to the conflict between the intrinsic nature of business and the ethical standards it is required to comply with. Business ethics is increasingly being taught in schools all over the world presently.