This document discusses business ethics and provides definitions and factors that influence business ethics. It defines business ethics as determining what is right and wrong in the workplace, as guided by laws to prevent illegal activities. Business ethics is defined by W.H. Shaw as "the study of what constitutes right or wrong, good or bad human conduct in a business context." The document outlines factors that influence business ethics, including value-forming institutions, organizational goals, work and career responsibilities, pressure from superiors, and professional codes of conduct established by companies and professional bodies.

1. Name: m. yuva rani
class: I-MBA
ROLL NO: PS6563
SUBMITTED TO:
L. M. MAHA LAKSHMI MBA

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3. MEANING OF BUSINESS ETHICS
Business ethics is a practice that determines
what is right, wrong, and appropriate in the
workplace. Business ethics is often guided by
laws, and these principles keep companies and
individuals from engaging in illegal activity
such as insider trading, discrimination and
bribery.
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4. DEFINITION OF BUSINESS
ETHICS:
“ Business Ethics is the study of what
constitutes right or wrong, good or
bad human conduct in a business
context”
W. H. SHAW

5. FACTORS OF BUSINESS
ETHICS :
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6. Factors covering business ethics
1.) value Forming Institutions
2.) Organisational Goals
3.) Work and Career
4.)Superiors
5.)Professional code
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7. VALUE FORMIMG
INSTITUTIONS:
The value system of an Individual is
shaped by various institutions.
EXAMPLES: family, religion and school.
These institutions prescribe what is god or
bad for an individual. Right behaviour is
rewarded while wrong behaviour is
punished.
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8. An agglomeration of
individuals, its values are the
collective values of its
members. That is why, a
conflict may arise between
the values of the
organisation and those of an
individual.
AS AN ORGANISATION,
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9. ORGANISATION AL GOALS:
The objectives of an
organisation influence
the values of its
members. A business is
an economic institution
and it must be
profitable. The
classical economic
theory stressed profit
maximisation goal.
Many times, manager
may be forced to
compromise their
personal ethical values
in order to achieve
organisational goals.
But the goal may be
tempered by many
values. Leadership,
Knowledge and skill are
some of them.
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10. Work refers to the job and the tasks or responsibilities associated with it.
Career, on the other hand, represents a series of jobs or positions. Each
work has its own values and persons performing the work follow these
values.
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Work and career :

11. SUPERIORS:
Most of the people succumb to pressure from superiors
in doing things hat they may consider unethical
otherwise.
FOR EXAMPLE:
A secretary may tell a visitor that the boss is out
when he is actually in because her boss has told her to do
so. Many times an employee may sign false documents
due to pressure from the boss.
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12. Professional code:
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13. Professional codes :
FIRST SECOUND .
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Big companies, formulate their
philosophy or creed to guide the
behaviour of their employees.
The main objective of these
documents is to build the
company image by showing the
company concern for ethical
behaviour in the society.
COMPANY POLICIES
CONTAIN A CODE TO
GUIDE ACTIONS THAT
HAVE AN ETHICAL
CONDUCT.
THIRD
PROFESSIONAL BODIES
HAVE PRESCRIBED ETHICAL
CODES TO GOVERN THE
CONDUCT OF THEIR MEMBERS.

14. IN INDIA, The Institute of Chartered
Accountants of India, the Institute of Cost and
Works Accountants of India, etc., have
formulated professional codes. These codes
are enforced through fines and even expulsion
of erring members. However, such sanction is
not very effective in the field of management
code because the AIMA does not have the
statutory authority to enforce and majority of
managers.
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Thanking you!