this is relating on law

1. Values & Ethics in business
Values
 Abstract ideals thatshapean individual’sthinkingand behavior –a moral compass
 Instrumental values – certain way of behavingis a appropriatein all situations –“means”.
 Terminal values – enduring belief in the attainment of a certain end state – “ends”.
A moral compass
These abstractideals can resultfrom
 Religion
 Philosophy
 Family teachings
Instrumental values
As the means to an end they become the ingrained ways of behavior.
 Rituals
 Politesse
 Good habits
Terminal values
 With the end always in sight
 Heaven
 Respect
 Financial Success
 Power
Ethics
 The study of moral obligation involvingthedistinction between rightand wrong
 Business ethics:rightor wrong in the workplace – valuemanagement.
Two areas of business ethics
 Obvious mischief
 Moral mazes