business ethics importance. code of conduct. Why managers behave ethically. common misconduct in organisation. ethical practices and unethical practices. ethics for managers and finally conclusion.
Work ethics is like invisible employee behavior, noticeable by its absence. Some common workplace ethics include punctuality, responsibility, teamwork, and attitude.
Employees, who have strong ethics in personal and professional life, need no explanation, unlike those employees for whom work ethics is a growing problem. So, how do you train them to be ethical to one and all, whether in the professional realm or personal?
Business ethics corporate culture and strategic leadership for organization...IAEME Publication
Emerging Globalization of business and reducing importance of human values, it
has become extremely important to adapt correct strategies as well as include Ethics as part
of the day-to-day business. In Indian Institute of Management Calcutta (IIMC) has made
'Business Ethics' as a mandatory subject for all the programs they are running. This is one of
the examples of Ethics becoming an important part of Business.
If we look at most successful businesses today, companies like Infosys, Apple, and
IBM have a combination of ‘Values’ combined with ‘Strategy’, which is demonstrated by the
great leaders who founded and nurtured these companies. It will be interesting to see how
Strategy and Ethics can go hand in hand to create promising corporate culture for employees
in a Corporate.
Strategic Leader giving high importance to business ethics can create a great corporate
culture and encourage its employees to prosper in this environment. We have seen disasters
like Enron Corporation and Satyam Computers where strategy was at its best but business
ethics was missing which shows importance of both going hand-in-hand to make the culture
blossom and make the Corporates a successful entity producing high quality manpower in the
business and society.
Business Ethics: An obligatory aspect of current business.
Business ethics are a form of professional and moral ethics which a business organization must follow when doing its business.
Work ethics is like invisible employee behavior, noticeable by its absence. Some common workplace ethics include punctuality, responsibility, teamwork, and attitude.
Employees, who have strong ethics in personal and professional life, need no explanation, unlike those employees for whom work ethics is a growing problem. So, how do you train them to be ethical to one and all, whether in the professional realm or personal?
Business ethics corporate culture and strategic leadership for organization...IAEME Publication
Emerging Globalization of business and reducing importance of human values, it
has become extremely important to adapt correct strategies as well as include Ethics as part
of the day-to-day business. In Indian Institute of Management Calcutta (IIMC) has made
'Business Ethics' as a mandatory subject for all the programs they are running. This is one of
the examples of Ethics becoming an important part of Business.
If we look at most successful businesses today, companies like Infosys, Apple, and
IBM have a combination of ‘Values’ combined with ‘Strategy’, which is demonstrated by the
great leaders who founded and nurtured these companies. It will be interesting to see how
Strategy and Ethics can go hand in hand to create promising corporate culture for employees
in a Corporate.
Strategic Leader giving high importance to business ethics can create a great corporate
culture and encourage its employees to prosper in this environment. We have seen disasters
like Enron Corporation and Satyam Computers where strategy was at its best but business
ethics was missing which shows importance of both going hand-in-hand to make the culture
blossom and make the Corporates a successful entity producing high quality manpower in the
business and society.
Business Ethics: An obligatory aspect of current business.
Business ethics are a form of professional and moral ethics which a business organization must follow when doing its business.
relevance of business ethics in today's competitive environment and how business ethics lead to sustain in the market for a long
behaving ethically leads to good leadership and good internal control system
Background about Ethics, Policies of Ethics, Emergence of Ethics in Corporate Governance, Social Justice, Protectors of Ethics, Board Responsibility, SEBI, Stock Exchange,
relevance of business ethics in today's competitive environment and how business ethics lead to sustain in the market for a long
behaving ethically leads to good leadership and good internal control system
Background about Ethics, Policies of Ethics, Emergence of Ethics in Corporate Governance, Social Justice, Protectors of Ethics, Board Responsibility, SEBI, Stock Exchange,
Business Ethics is a form of Applied Ethics. It originates from individuals, organizational
statements or from the legal system. It can be said to be the attitude, culture and manner of doing
business by the business community. Decision Making: It is our means of deciding a course of action. Without it our actions would be random and aimless.
Leadership: The conscious effort to adopt, integrate, and emulate the other 11 principles to guide decisions and behavior in all aspects of professional and personal life.
Accountability: Holding yourself and others responsible for their actions. Commitment to following ethical practices and ensuring others follow ethics guidelines.
Integrity: Incorporates other principles—honesty, trustworthiness, and reliability. Someone with integrity consistently does the right thing and strives to hold themselves to a higher standard.
Respect for others: To foster ethical behavior and environments in the workplace, respecting others is a critical component. Everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy.
Honesty: Truth in all matters is key to fostering an ethical climate. Partial truths, omissions, and under or overstating don't help a business improve its performance. Bad news should be communicated and received in the same manner as good news so that solutions can be developed.
In this lesson you learned that Ethics concerns standards of right and wrong. You learned that Business ethics concerns the application of ethical principles to the actions and decisions of companies and the conduct of personnel. You also learned that Corporate Social Responsibility and the Triple Bottom Line performance measures are good ethical frameworks.
why ethics is required?Ethical codes of conduct instruct us on what we ought or ought not to do.
INTEGRITY
OBJECTIVITY
CONFIDENTIALITY
PROFESSIONAL COMPETENCE AND DUE CARE
PROFESSIONAL BEHAVIOUR
101 Unit 5: Business ethics,
in this paper I have coved ;
1. Unit summary
2.Learning outcomes
3. Terminologies related to business Ethics
4. Differences between Business Ethics and Personal Ethics.
5. Benefits of Effective Governance and Managerial Ethics.
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According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
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This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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2. Ethics is a ‘branch of philosophy’ which is the
systematic study of selective choice of the
standards of right and wrong.
-Philip Wheel Wright
3. Business Ethics
Business Ethics is the application of general
ethical ideas to business behavior.
Business Ethics defines right or wrong
behavior in the world of business.
4. Who is responsible for creating
ethics in the organization?
A company’s manager plays an important role in establishing
its ethical tone.
If the manager behaves as if the only thing that matters is
profit, employees are likely to act in a like manner.
A company’s leaders are responsible for what is and is not an
acceptable employee behavior.
Is vital for managers play an active role in creating a work
environment where employees are encouraged and rewarded for
acting in an ethical manner.
5. CODE OF CONDUCT & ETHICS FOR
MANAGERS
Integrity
Impartiality
Responding to the public interest
Accountability
Honesty
Transparency
6. Why Managers Behave Ethically
Most of Us:
1. To avoid some
punishment.
2.To receive some
reward.
Many of Us:
3. To be responsive of family,
friends, or superiors.
4. To be a good citizen.
Very few of Us:
5. To do what is right, pursue
some ideal, such as justice.
10. Importance for students
Studying business ethics will help the students to take
business decisions. Studying business ethics changes
outlooks and influences behavior. It will help to make
improvement in the reputation of the business
11. Common misconduct in
organization
Employees lying to supervisor
falsifying records
Misuse of organizational assets
Management lying to employees and customers
Stealing/ Theft
13. CONCLUSION
Problems with the Unethical Business
Practices
{1,2,3………………………………………………………
…………..n}
Problems with the ethical Business
Practices {-}
A business or society that lacks
ethical principles is bound to fail sooner
or later.
So Ethics are important not only in
business but in all aspects of life.