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BUSINESS ETHICS
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.
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.
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
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
Importance of business ethics
 Improving consumer confidence
 Protect consumer rights
 Create good image of business
 Smooth functioning
 Healthy competition
Ethical and unethical
 Having moral values
 Fair prices
 Fair wages
 No values no morals
 Short weights and
measures
 Supply inferior quality
Advantages of business
 Advantage to business
 Advantage to consumer and society
 Advantage to employees
 Advantage to government
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
THANK YOU !!!

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businessethics-introduction.pptx

  • 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