2. Introduction
The term Ethics is derived from
the word ‘Ethos’ which means
‘Character’.
Ethics is a social science which
deals with concepts such as right
and wrong, moral and immoral,
good and bad etc.
Behaviour of dealing with one
another.
3. Business ethics
Meaning
Business Ethics deals with morality in the
business.
It is a system of moral principles and values applied
to business activities.
This means the business activities should be
conducted according to ethics or moral standards.
4. Features of business ethics
Code of conduct
Provide protection to social
group
Provide basic framework
Need willing acceptance
Education and guidance
Not against fair profit making
5. Principles of business ethics
Avoid exploitation of consumers
Avoid unfair trade practices
Fair treatment to employees
Regular payment of taxes
Avoid injustice and discrimination
Respect consumer rights
6. Importance of business ethics
Improving consumer confidence
Protect consumer rights
Create good image of business
Smooth functioning
Healthy competition
7. Ethical and unethical
Having moral values
Fair prices
Fair wages
No values no morals
Short weights and
measures
Supply inferior quality
8. Advantages of business
Advantage to business
Advantage to consumer and society
Advantage to employees
Advantage to government
9. Conclusion
A company’s ethics will determine its reputation.
Good business ethics are essential for the long term
success of an organisation.
A company’s ethics will have an influence on all
levels of business.
So we hope that all organisations should maintain
business ethics