3. What is ethnics ?
At its simplest, ethics is a system of moral principles. They affect how people make
decisions and lead their lives. Ethics is concerned with what is good for individuals
and society and is also described as moral philosophy.
6. What are the nature of ethics ?
Variable Nature: Ethics is not static. It is not always the same. Human beings
change and the moralityan individual’s character.
Not Art: Ethics is not art as art deals with the acquisition of skill to produce objects,
while morality deals with motive, intention, purpose and choice which are
considered right or wrong.
Variable Nature: Ethics is not static. It is not always the same. Human beings
change and the morality.
Exclusively for Human Beings: Ethics can only be applied to human beings as we
are the ones who have the capacity for moral judgement.
7. What is the need of ethics ?
Ethics is what guides us to tell the truth, keep our promises, or help someone in
need. There is a framework of ethics underlying our lives on a daily basis, helping us
make decisions that create positive impacts and steering us away from unjust
outcomes.
8. What are the importance of ethics ?
Business ethics inform a company’s values and goals, as well as how it runs its day-
to-day operations. An ethical company runs on principles such as honesty,
integrity, fairness, trustworthiness, accountability, and respect for others.
9.
10. BUSINESS-ETHICS
Bussiness Ethics (corporate ethics)is
applied ethics that examinesethical principle
and ethical problems that arise in bussiness
environment .It applies to all aspects of
business conductand is relevant to the
conduct of individual and entire
organizations..
11. NEEDS OF BUSSINESS ETHICS
•Imrpoves Consumers Confidence
•Importance of Labour
•Protecting consumer Rights
•Developes relationship between business & society
•Healthy competition
• Smooth functioning of Business
• Stops business Malpractice
12. TYPES OF BUSINESS ETHICS
TRANSACTIONAL ETHICS
•In order to let each
party transaction run
smoothly.
•Honesty
•Reciprocity
PARTICIPATORY ETHICS
•It provide idea about how to
mediate betweengoals and
demand and how to serve
society in more ethical way
and gain corporate excellence
•Example FOOD
FOUNDATION
13. S C O P E O F BUSSINE SS ETHICS
•Ethics in Compliance
Compliance is about obeying and athering to
rules and authority.The motivation for being
compliant could be do the right thinf out of
the fear of being caught rather than a desire
to be abiding by the law.
H
14. IMPORTANCE O F BUSINESS ETHICS
•GOODWILL
•PROFITABILITY
•CONSUMER SATISFACTION
•SAFEGAURDING CONSUMER RIGHTS
•PROTECTING EMPLOYEES SHAREHOLDER
