1. FIVE MYTHS ABOUT BUSINESS
ETHICS
Thea Corrine N. Ledesma
Jess Nahum Importante
2. BASIC PRINCIPLES
• Applied Ethics
• Application of our
understanding of what is good
and right.
• Specialized study of moral
right and wrong.
3. FIVE MYTHS ABOUT BUSINESS ETHICS
- Not everyone agrees that ethics is
a relevant or necessary subject for
business education or dealings.
Some argued that “business
ethics” is an oxymoron, or a
condtradiction in terms.-
4. FIVE MYTHS ABOUT BUSINESS ETHICS
MYTH 1: “ Ethics is a
personal, individual affair,
not a public or debatable
matter”
5. MYTH 1: “ Ethics is a personal, individual affair,
not a public or debatable matter”
Based on personal or religious
beliefs and that one decides what
is right and wrong in the privacy of
one’s own conscience
6. FIVE MYTHS ABOUT BUSINESS ETHICS
MYTH 2: ” Business
and Ethics do not
mix”
7. MYTH 2:” Business and Ethics do not mix”
• This popular myth holds that
business practices basically amoral
(not necessarily immoral), since
businesses operate in a free market.
• This myth also asserts that
management is based on scientific,
rather than religious or ethical,
principles.
8. FIVE MYTHS ABOUT BUSINESS ETHICS
MYTH 3: “ Ethics in
Business is
Relative”
9. MYTH 3: “ Ethics in Business is Relative”
• One of the most popular myths.
• It holds no right or wrong way of
believing or acting exists.
• Right and wrong are in the eyes
of the beholder.
10. FIVE MYTHS ABOUT BUSINESS ETHICS
MYTH 4: “ Good
business means
good ethics”
11. MYTH 4: “ Good business means good ethics”
Ethics is not something added to
business operation; it is integral,
necessary, and central to
managing successfully,
12. FIVE MYTHS ABOUT BUSINESS ETHICS
MYTH5: “Information
and Computing are
Amoral”
13. MYTH5: “Information and Computing are Amoral”
To beware of the dark side; the
misuse and abuse of information
and computing. Ethical
implications are present but veiled.
