Go

2.  Ethics is derived from the Greek word “ethos”
which means customs, habitual usage, conduct
and character.
 Ethics is an individual’s personal beliefs
regarding what is right and wrong or good or
bad.
 Ethics involves a discipline that examines good
or bad practices within the context of a moral
duty

3. Character of
a man
Conduct of
a person
Series of
action
Decided by Lead to
Good or
Bad,
Right or
Wrong
Moral or
Immoral
Moral standards
Taken
together
considered
as
Known as moral Judgement
By which we
can Judge
again

4.  Comprises principles and standards that guide
behavior in the world of business
 According to John Donaldson “Business Ethics
can be described as the systematic study of
moral ethics”
 Matters pertaining to business, industry or
related activities,institutions,or practices and
beliefs. It is the systematic handling of values in
business and industry.”

5. Moral
Structure
Business
Moral Ethics
Unitarian View: Business and Morality cannot be separated and it
must play by the rules of ethics of commodity

6. When business people speak about “business ethics” they
usually mean one of three things
1. Avoid breaking the criminal low in one’s work related activity
2. Avoid action that may result in civil low suits against the
company
3. Avoid action that are bad for the company image
Business are especially concerned with these
three things since they involve loss of money and
company reputation

7. Why ethical behavior is important???
 Business is a subsystem of society
 Empowers all stakeholder concerned
 Reduction in cost of friction with social
environment
Important for organization leaders because
they influence the ethical climate for the rest