Business ethics can provide us with the ability to assess the benefits and problems asso¬ciated with different ways of managing ethics in organizations. Business ethics is to extremely interesting in that it provides us with know-ledge that transcends the traditional framework of business studies and confronts us with some of the most important questions faced by society. The subject can therefore be richly rewarding to study because it provides us with knowledge and skills which are not simply helpful for doing business, but rather, by helping us to understand modern societies in a more systematic way, can advance our ability to address life situations far beyond the classroom or the office desk. Having identified some of the reasons why business ethics is important, we should also make it clear that this does not necessarily mean that there are not also a number of prob¬lems with the subject of business ethics. Indeed, these have prompted writers such as Andrew Stark (1994) to pose the question 'what's the matter with business ethics and Tom Sorrell (1998) to pronounce on the 'strange state of business ethics'. After all, despite many years of business ethics being researched and taught in colleges and universities, ethics problems persist and the public remains sceptical of the ethics of business. However, in the main these concerns are addressed at how theories of business ethics have been developed and applied, rather than questioning the importance of business ethics as a subject per se.