In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.
Behavioral ethics is a new field of social scientific research that seeks to understand how people actually behave when confronted with ethical dilemmas. It refers to behavior that is judged according to generally accepted norms of behavior.
Business ethics are moral principles that define right or wrong behavior in the world of business and in the evaluation of business activities. Author: Peter Drucker. 2. Business ethics is the application of general ethics to business behavior ,its is the extension of individual/group ethics to business situations. 1. Managerial ethics are a set of standards that dictate the conduct of a manager operating within a workplace.