It contain Inportance of Business

1. Prepared By
Vishal Jain
Mba 3rd Sem.
Importance of business ethics

2. Meaning
Business ethics is the study of proper business policies
and practices regarding potentially controversial
issues, such as corporate governance , insider trading ,
bribery, discrimination, corporate social responsibility
and fiduciary responsibilities. Law often guides
business ethics, while other times business ethics
provide a basic framework that businesses may choose
to follow to gain public acceptance.

3. Definition
"The ethics of business is the ethics of
responsibility. The business man must promise
that he will not harm knowingly.“
---------According to Raymond C. Baumhart

4. Sources of Business Ethics
 Religion
 Culture
 Law

5. Importance
 Corresponds to Basic Human Needs
 Credibility in the Public
 Credibility with the Employees
 Better Decision Making
 Profitability
 Protection of Society
 Long term Growth

6. Thank You