Business ethics
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This document provides an introduction to business ethics. It defines business ethics as the application of general ethical ideas to business behavior. Business ethics aims to facilitate good in society and improve profitability by maintaining harmonious relationships with stakeholders. The document discusses the meaning and types of ethics, including personal, professional, and business ethics. It outlines some key characteristics of business ethics, noting that it is both a science and art that governs business conduct based on principles like sincerity, human welfare, and good behavior.
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This document discusses business ethics. It begins by defining ethics and explaining how the concept of business ethics emerged in the 1960s as companies took more responsibility for their impact on society, environment, and stakeholders. It then outlines several key aspects of business ethics, including its meaning as principles and codes of conduct that guide business behavior, its nature as a relative but applicable concept, and why businesses should act ethically to protect interests, commitments, expectations, and prevent harm. The document also lists several principles of business ethics and explains the importance of ethics for business image, functions, consumer satisfaction, competition, and relations. It concludes that ethics are essential for a civilized society and that businesses without ethical principles cannot survive long-term.
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This document provides an overview of ethics including its origin, meaning, evolution, and types. Some key points:
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- There are different types of ethics including meta-ethics which examines the nature of ethics, normative ethics which studies ethical actions, and applied ethics which applies theories to real-world issues. Descriptive ethics studies people's moral beliefs.
- Organizations develop codes of ethics to guide acceptable conduct. Implementing codes can be difficult due to cultural, design, and enforcement challenges.
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Ethics is a set of rules that define right and wrong conduct.
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the organization's culture sets standards for determining the difference between good and bad decision making and behavior.
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This document defines business ethics and discusses its importance. Business ethics refers to applying ethical principles when conducting business. It is important at the personal, stakeholder, internal policy, and societal levels of a business. Principles of business ethics include being trustful, keeping an open mind, meeting obligations, having clear documents, community involvement, accounting control, respect, and social responsibility. Business ethics establishes standards of conduct for employees and helps businesses determine the right path for secure growth.
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This document discusses the concepts of ethics and business ethics. It can be summarized as follows:
1. Ethics is a branch of philosophy that involves examining concepts of right and wrong conduct and moral behavior in humans. Business ethics applies these ethical principles and frameworks to business behavior and decisions.
2. Business ethics is based on principles of integrity and fairness, and focuses on benefiting all stakeholders of a business, both internal and external. Stakeholders include shareholders, employees, customers, and society.
3. Implementing ethical practices in business can have benefits like creating rapport with the public, improving organizational effectiveness, promoting healthy competition, and benefiting all stakeholders of a business. Strong business ethics can ultimately help businesses succeed
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Business ethics is a branch of philosophy that involves systematizing, defending and recommending concepts of right and wrong conduct in business. It is based on principles of integrity and fairness and concentrates on benefits to stakeholders, both internal and external. Some key factors that influence business ethics include leadership, corporate culture, strategy and performance, environmental factors, and individual characteristics. There are also different types of ethics considered in business such as transactional ethics, participatory ethics, and recognition ethics.
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This document provides an introduction to business ethics. It defines business ethics as the application of general ethical ideas to business behavior. Business ethics aims to facilitate good in society and improve profitability by maintaining harmonious relationships with stakeholders. The document discusses the meaning and types of ethics, including personal, professional, and business ethics. It outlines some key characteristics of business ethics, noting that it is both a science and art that governs business conduct based on principles like sincerity, human welfare, and good behavior.
business ethics.pptx
This document discusses business ethics. It begins by defining ethics and explaining how the concept of business ethics emerged in the 1960s as companies took more responsibility for their impact on society, environment, and stakeholders. It then outlines several key aspects of business ethics, including its meaning as principles and codes of conduct that guide business behavior, its nature as a relative but applicable concept, and why businesses should act ethically to protect interests, commitments, expectations, and prevent harm. The document also lists several principles of business ethics and explains the importance of ethics for business image, functions, consumer satisfaction, competition, and relations. It concludes that ethics are essential for a civilized society and that businesses without ethical principles cannot survive long-term.
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This document provides an overview of ethics including its origin, meaning, evolution, and types. Some key points:
- Ethics is concerned with determining right and wrong human behavior based on moral principles like honesty and fairness. It originated from Greek and Latin terms and was influenced by philosophers like Plato, Aristotle, and Kant.
- There are different types of ethics including meta-ethics which examines the nature of ethics, normative ethics which studies ethical actions, and applied ethics which applies theories to real-world issues. Descriptive ethics studies people's moral beliefs.
- Organizations develop codes of ethics to guide acceptable conduct. Implementing codes can be difficult due to cultural, design, and enforcement challenges.
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Business ethics is the study of moral principles and values that govern decisions and actions within a company. It focuses on standards of behavior that promote human welfare and good decision making. There are three key aspects of business ethics: compliance with laws, contributing to society, and considering the consequences of decisions and actions. Business ethics deals with human conduct in a way that creates goodwill, earns loyalty, and brings together moral values and corporate interests for long term success.
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The document discusses the importance of business ethics and outlines a timeline of increasing focus on ethics from the 1960s to today. It notes that studying business ethics is important for businesses to identify ethical issues, maintain stakeholder trust, and contribute to employee commitment, investor loyalty, customer satisfaction, and ultimately profits. Unethical behavior is on the rise globally and regulations like Sarbanes-Oxley have aimed to establish stronger ethical standards and oversight within organizations.
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This document discusses the importance of ethics and values in business. It defines business ethics as examining ethical principles and problems that arise in business environments. Upholding ethics influences employee commitment, customer loyalty, legal compliance, reputation, and profits. While business norms have evolved over history, core values like justice, honesty and integrity remain important. An ethical business treats employees and customers fairly, is transparent, and considers impacts on society.
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This document defines business ethics and discusses its importance. Business ethics refers to applying ethical principles when conducting business. It is important at the personal, stakeholder, internal policy, and societal levels of a business. Principles of business ethics include being trustful, keeping an open mind, meeting obligations, having clear documents, community involvement, accounting control, respect, and social responsibility. Business ethics establishes standards of conduct for employees and helps businesses determine the right path for secure growth.
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This document discusses the concepts of ethics and business ethics. It can be summarized as follows:
1. Ethics is a branch of philosophy that involves examining concepts of right and wrong conduct and moral behavior in humans. Business ethics applies these ethical principles and frameworks to business behavior and decisions.
2. Business ethics is based on principles of integrity and fairness, and focuses on benefiting all stakeholders of a business, both internal and external. Stakeholders include shareholders, employees, customers, and society.
3. Implementing ethical practices in business can have benefits like creating rapport with the public, improving organizational effectiveness, promoting healthy competition, and benefiting all stakeholders of a business. Strong business ethics can ultimately help businesses succeed
BE&CG.pptx
Business ethics is a branch of philosophy that involves systematizing, defending and recommending concepts of right and wrong conduct in business. It is based on principles of integrity and fairness and concentrates on benefits to stakeholders, both internal and external. Some key factors that influence business ethics include leadership, corporate culture, strategy and performance, environmental factors, and individual characteristics. There are also different types of ethics considered in business such as transactional ethics, participatory ethics, and recognition ethics.
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Business ethics
- 2. MEMBERS SR.NO NAME ROLL NO. 1. Ms. Chaugule shweta 5 2. Ms. Khan Rukhsar 17 3. Ms. Pathan Afshana 26 4. Ms. Vishwakarma Sweta 43 5. Mr. Shaikh Avesh 54
- 3. CONTENT •Introduction •Business Ethics •Features of Business Ethics •Principles of Business Ethics •Need for business ethics •Advantages of business ethics
- 4. The term‘ethics’ is derived fromthe Greekword ‘Ethos’ whichmeans “Character” Ethics is a social science whichdeals with concepts suchas rightand wrong, moral and immoral , good and bad etc. Behavior of dealing with one another INTRODUCTION
- 5. Business Ethics deals with the morality in the business. It is a system of moral principles and values applied to business activities. This means that the business activities should be conducted according to ethics or moral BUSINESS ETHICS MEANING
- 6. Business ethics “ “Business ethics is an art or science of maintaining harmonious relationship with society, its various groups and institutions as well as reorganizing for right or wrong of business conduct.”
- 8. Advantages of business • ADVANTAGE TO BUSINESS MAN • ADVANTAGE TO CONSUMER AND SOCIETY • ADVANTAGE TO EMPLOYEES • ADVANTAGE TO GOVERNMENT
- 9. • Is it legal ? • Is it balanced ? • How will it make me feel about myself ?
- 10. Features of business ethics Code of conduct Provide protection to social group Provide basic frame work Need willing acceptance Education and guidance Not against fair profit making
- 11. Principles of business ethics • AVOID EXPLOITATION OF CONSUMERS • AVOID UNFAIR TRADE PRACTICES • FAIR TREATMENT TO EMPLOYEES
- 12. Principles of Business ethics • AVOID TAKING BRIBE • RESPECT CONSUMER RIGHTS • ACCEPT SOCIAL RESPONSIBILITY
- 13. Importance of Business Ethics • Improving consumer confidence • Business becomes conscious of social responsibilities • Protect consumer rights • Create good image of business
- 14. Importance… cont’d • Goodwill • Profitability • safety from legal perspectives
- 15. ETHICAL AND UNETHICAL • HAVING MORAL VALUES • FAIR PRICES • FAIR WAGES • NO VALUES NO ETHICS • SHORT WEIGHT AND MEASURES • SUPPLY INFERIOR QUALITY
- 16. CASE STUDY • Organization : KFC • Industry : Fast Foods • Period : 1995 - 2004 • Country : India
- 17. Q.1. Since its entry in India in 1995,KFC has been facing protests by cultural & Economicactivists and farmers. What are the reasons for these protests? Answer: Need for protecting animal rights Chicken they serve is full of chem icals (mono-sodium glutamate) It encourage farmers to shift production of crops to animal feeding Leaves poorer section of society with no affordable food.
- 18. A company’s ethics will determine its reputation Good business ethics are essential for long term success of an organization A company’s ethics will have an influence on all levels of business CONCLUSION
- 20. THANKYOUALL !!!