Small presentation on ethical practices applied in Business.

2. 
 Business ethics are the moral principles that act as
guidelines for the way a business conducts itself and
its transactions. In many ways, the same guidelines
that individuals use to conduct themselves in an
acceptable way – in personal and professional
settings – apply to businesses as well.
Business Ethics

3. 
 Keeps the business working within the boundaries of the
law
 Ensures that they aren't committing crimes against their
employees, customers, consumers or other parties
 Businesses can also build trust between the business and
consumers
 If consumers feel that a business can be trusted, they will
be more likely to choose that business over its competitors
 Some businesses choose to use certain aspects of business
ethics as a marketing tool, particularly if they decide to
highlight a popular social issue
Importance of
Business Ethics

4. 
 Can result in increased brand equity overall.
 Appealing to investors and shareholders so they sink
money into the company
 Leveraging ethical business practices properly can be
a path to success for many businesses
 Can also be beneficial for the business' employees
and operations
 Attracting top talent is easier for ethical businesses
 Produces more dedicated employees and can also
reduce recruitment costs
Importance of
Business Ethics

5. 
 Basic standards dictate what is wrong or unethical in
terms of business practices
 Some unethical business practices are obvious or true for
companies around the world, they do still occur.
 Determining what practices are ethical or not is more
difficult to determine if they exist in a grey area where the
lines between ethical and unethical can become blurred
 Technically, the practice is not illegal
 However, it might be considered a grey area – close to,
but not quite, bribery
Determining
Right and Wrong