As a human has no value without his ethics, same is the case for a business organization. Here we will be trying to explain what is ethics? and how it can be applied to the business organizations.

1. BUSINESS ETHICS
Viraj Sant (172200019)
Sagar Sonawane (172200008)

2. INTRODUCTION
 Ethics: Branch of social science deals with moral principles and
social values.
 Ethics separate good and bad, right and wrong, fair and unfair,
moral and immoral.
 Business Ethics: The study of business situations, activities
decisions where issue of right and wrong are addressed.

3. Nature of Ethics

4. Can ethics be applied for all?
 No
 The concept of ethics is applied to Human Beings only
Why?
They have freedom of choice and means of free will.
 Only Humans can decide the degree of ends they wish to pursue
and the means to achieve the ends.

5. Field of Social Science
 The study of Ethics is nothing but a field of Social Science in
which a set of systematic knowledge about Moral Behaviour and
Human conduct is learned.
Social Science: Science concerned with society and the
relationships among individuals within a society.
Moral Behaviour: Differentiation of intentions, decisions
and actions between those that are distinguished as proper and
those that are improper.

6. Moral Judgement
 Ethics deals with human conduct, which is voluntary and not
forced by circumstances or humans.
 So we can say that at the ground level ethics deals with moral
judgement regarding set directed human conduct.

7. Normative Science
 The science of Ethics is a Normative Science. It is a
search for an ideal test of proper behaviour.
 Normative science is a form of inquiry, typically involving a
community of inquiry and its accumulated body of provisional
knowledge, that seeks to discover good ways of achieving
recognized aims, ends, goals, objectives, or purposes.
 Normative science involves arriving at moral standards
that regulate right and wrong conduct.

8. Scope of Ethics

9. Ethics in Finance
 In accounting – window dressing, misleading financial
analysis.
 Related party transactions not at arm’s length
 Insider trading, securities fraud leading to manipulation
of the financial markets.
 Executive compensation.
 Bribery, kickbacks, over billing of expenses, facilitation
payments.
 Fake reimbursements.

10. Ethics in Human Resources
 Discrimination issues i.e. discrimination on the bases of age,
gender, race, religion, disabilities, weight etc.
 Sexual harassment.
 Affirmative Action.
 Issues surrounding the representation of employees and the
democratization of the workplace, tradition.
 Issues affecting the privacy of the employee: workplace
surveillance, drug testing.
 Issues affecting the privacy of the employer: whistle-blowing.
 Issues relating to the fairness of the employment contract and the
balance of power between employer and employee.
 Occupational safety and health.

11. Ethics in Marketing
 Pricing: price fixing, price discrimination, price skimming.
 Anti-competitive practices like manipulation of supply, exclusive
dealing arrangements, tying arrangements etc.
 Misleading advertisements
 Content of advertisements.
 Children and marketing.
 Black markets, grey markets.

12. Ethics of Production
 Defective, addictive and inherently dangerous products and
 Ethical relations between the company and the environment
include pollution, environmental ethics, and carbon emissions
trading.
 Ethical problems arising out of new technologies for eg.
Genetically modified food
 Product testing ethics.

13. Thank You