Business ethics final

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Business ethics examines ethical principles and problems that arise in business. It applies to all aspects of business conduct for both individuals and entire organizations. Some key issues in business ethics include product quality, financial transparency, workplace safety standards, environmental compliance, and adhering to laws and industry regulations. Interest in business ethics has increased over the last few decades among the general public.

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Business Ethics: What Does It Really Mean? ,[object Object],[object Object],[object Object],[object Object]

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"What is wrong is wrong, even if everyone is doing it. Right is still right, even if no one else is doing it."

Youtube Video Link - https://youtu.be/PTp08MeQCoU Moral Standards – standards that an individual has about what is right or wrong Values – long lasting beliefs that guides society’s decisions and actions towards variety of situation Ethics – the branch of knowledge that deals with moral principles, values and behavior Business Ethics – application of ethical principles in day to day conduct of business to examine and solve complex moral dilemmas Principles of business ethics - Impartiality Compliance with law Practice fair business Accountability Trust & honesty Due diligence Social obligation Stakeholder’s interest Justice and equality Branches of ethics - Normative ethics Meta ethics Applied ethics Major unethical issues- Insider trading Bribery and corruption Discrimination Injustice Window dressing Adulteration Unfair pricing Market Manipulation Fraudulent activities Importance of business ethics- Stop business malpractices Longer survival of business Protection of consumer right Healthy competition Goodwill of business Customer satisfaction Societal welfare Avoidance to legal problems Thank you for Watching Subscribe to DevTech Finance

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