Global organizations are changing in fast pace in context with technological, legal, economic, social and political structures also taking in stakeholders as well as power claims. They have interactions with multiple changing local, national, and international environments. Thus at such level Business Ethics plays the crucial role. Business ethics in many situations facilitates for proper interrelation and interactions among the organizations, nations and economies. The paper talks about the base of Business Ethics which is an essential part of all commercial activities. It explains the history and also gives a vivid account as how business ethics assist to stream line the activities not only for profit motive but also for social cause and sustainable business development. Furthermore they play an important role in the development of strategic plan and future policies.