Define and discuss the application of philosophies to business Business philosophy refers to the application of theoretical framework to determine how a business entity approaches various forms of operation. It refers to the formation and operation of a business entity in areas that include management, accounting, public relations, business operations, marketing, and training (Dahlsrud, 2008). Moral philosophy, on the other hand, refers to values ​​that determine the rightness or wrongness of an action (Bartels, 2008). It is not easy to apply ethics and moral philosophies in business practices, especially in a global competitive environment where the concept of right and wrong varies across different cultures (Dahlsrud, 2008). The application of moral philosophy in business occurs in four critical areas. These areas include: First, corporate culture-corporate ethics simply refers to the extent to which an organization has integrated moral philosophies into its overall business practices. Corporate culture deals with the ways in which a business organization creates a culture of ethical and honest business practices through the creation of a code of conduct that the organization uses to shape the behavior of its workforce and leadership. Second, the discipline-moral philosophy is applicable on a more practical level to determine ways to discipline employees who exhibit behavior outside of an organization's accepted norms and culture. Third, the moral philosophy of employee relations allows a business enterprise to evaluate the ongoing relationships between employees and management within the company, both in terms of ethical considerations and in terms of discipline, e.g. employee management...... middle paper ......ch as flexible work schedules. For this reason, Nestlé is committed to addressing increasingly significant social challenges that include healthcare, environment and education (Piercy, & Lane, 2007).Works CitedBartels, D. M. (2008). Principled moral sentiment and flexibility of moral judgment and decision making. Cognition, 108(2), 381-417Dahlsrud, A. (2008). How corporate social responsibility is defined: An analysis of 37 definitions. Corporate Social Responsibility and Environmental Management, 15(1), 1-13.Piercy, NF, & Lane, N. (2007). Ethical and moral dilemmas associated with strategic relationships between business-to-business buyers and sellers. Journal of Business Ethics, 72(1), 87-102. Polonsky, M., & Jevons, C. (2009). Global branding and strategic CSR: An overview of three types of complexity. International Marketing Review, 26(3), 327-347.