15. BUSINESS ETHICS
The term business ethics simply refers to ethics as it
applies to business. Doing business ethically means
holding right things right and wrong things wrong in
business.
The term profit in business is appropriate but only
profit is not accepted anymore.
16. Example :-
• To provide the best product to the customers.
• To charge fair prices from the customers.
• To pay taxes to the government honestly.
• To keep honesty towards stake holders.
• To give fair wages to the workers.
17.
18.
19. BUSINESS ETHICS AND MANAGEMENT
• Promoting business in the long run.
• Employee’s welfare.
• environmental concern.
• For the success of manager.
• Avoiding penalties.
20.
21. Corporate social responsibilities
“corporate” is legally united entity which act as an
individual.
“Social” is the environment we live.
“Responsibilities” is authorising a person to do
something and for that he/she is accountable.
Thus CRS is the objective concern for the welfare of
society.
22. Nature
• It is related with business organisation.
• Two way traffic.
• Universal concept
• Aim
• Gain social power
Editor's Notes
The term business ethics refers to ethics as it applies to business. Doing business ethically means holding right things right and wrong things wrong in business.