Business ethics refers to the written and unwritten codes that govern decisions and actions within a company. An organization's culture sets standards for determining right and wrong conduct. Businesses that promote strong ethics are more prosperous in the long run as it enhances their reputation and helps them withstand competitive pressures. To establish an ethical strategy, entrepreneurs must develop ethical consciousness throughout the organization, implement processes and structures to avoid ambiguity, and institutionalize ethical objectives within the company.

1. Business Ethics

2. Meaning
Ethics is a set of rules that define right and wrong
conduct . Business ethics can be defined as written and
unwritten codes of principle and values that governs
decisions and actions within a company. In the business
world organization’s culture sets standards for
determining the difference between good and bad
decision making and behavior

3. Relationship Between
Business And Ethics
 Businesses that exhibit and promote strong corporate
codes of ethics are more prosperous in the long run
 Enhances a company’s reputation
 The highly competitive environment in today’s global
economy puts pressures on company leaders to remain
profitable

6. In order to win the game, you need to plan. To
plan information is imperative. Get it through
legal and ethical means. In life and business,
ethical standard must be set,
ETHICAL STANDARD MUST BE SET,
ETHICAL STANDARD MUST BE MET.

7. NEED FOR BUSINESS ETHICS
Long term growth
Cost and risk reduction
Limited resources
Social responsibilities
Stop business malpractices
Survival of business
Creates good image
Healthy competition

8. ARGUMENTS FOR AND AGAINST
BUSINESS ETHICS
BY
NAMEER E

9. ARGUMENTS FOR BUSINESS ETHICS
 Leadership
 Employee commitment
 Customer satisfaction
 Higher profits
 Investor loyalty
 Long term implication

10. ARGUMENTS AGAINST BUSINESS ETHICS
 Demand and supply forces
 Compliance of law
 No need for ethics separately
 Conflict of interest
 Profit is the objective of business

11. ETHICS AND LAWS
By manoj kumar M

12. Ethics is a code of principles and values that govern the behavior of a person or group
with respect to what is right or wrong. That principles are base culture, religious, and
philosophical beliefs held by us all.
Ethics can be more clearly understood when compared with behaviors governed by
laws and by free choice. Human behaviors fall into 3 categories.
 Codified law
 Free choice
 Ethical behavior

13. 1. Codified low in which values and standards are written into the legal system and
enforceable in the court.
2. Free choice is at the opposite end pertains to behaviors about which laws has no
say and for which an individual or organization enjoys complete freedom.
3. Ethical behavior domain obedience is to unenforceable norms and standards about
which the individual or organization is aware.

14. Relationship b/w Laws and Ethics
Laws are rules and principles developed through ethics and apply in situation
involving morality.
Ethics cover a wider scope when compared to law because law only regulates
particular aspect of ethics.

15. Impact of law on business ethics
 Antitrust:- This area of business law ensure that competition remains fair by
prohibiting companies from merging whit one another or acquiring one another.
 Bankruptcy:- A company that is having financial problems seek protection from
the demands of creditors.
 Business organization:- Companies have to identify that which laws govern the
formation of a business.
 consumer protection and product liability:- Regulation regarding product,
services, and credit practices have to be determaind.

16. Cont.…..
 Contract:- Firm have to analyze the legally binding exchanging of promises or
agreement b/w parties that the law will enforce.
 Employment:- Laws that regulate the hours and condition under which people
work such as child labour laws, sets minimum wages, and expands the rights of
disabled people are to be analyzed.
 Intellectual property:- Laws which protect copyright, and patent are to be
determined.

17. Establishing Strategy For Ethical
Responsibility
 Ethical consciousness:- the development of ethical consciousness is the
responsibility of the entrepreneur because his or her vision created the venture.
 Ethical process and structure:- it is refers to the procedures, position statement,
and announced ethical goals designed to avoid ambiguity.
 Institutionalization:-it is a deliberate step to incorporate the entrepreneur ethical
objectives with the economics objectives of the venture.

18. ESTABLISHING STRATEGY FOR ETHICAL
RESPONSIBILITY
BY
MIDHUN MOHAN M

19. Establishing a strategy for ethical responsibility is not an easy task for
entrepreneurs. No single, ideal approach to-organisational ethics exists.
Entrepreneurs need to analyse the ethical consciousness of their organisation,
the process and structure devised to enhance ethical activity, and, finally,
their own commitment to institutionalise ethical objectives within the
company.
 Ethical consciousness
 Ethical process and structure
 institutionalization
ESTABLISHING STRATEGY FOR ETHICAL
RESPONSIBILITY

20. APPROCH TO MANAGERIAL ETHICS
BY
LAKSHMIKANTH

21. APPROCH TO MANAGERIAL ETHICS
 Immoral management
 Amoral management
 Moral management

22. Ethics & Business Decisions
Prakash M

23.  Ethics : According to Andrew Crane
“ business Ethics is the study of business, situations, activities,
decisions, where issue of right or wrong are addressed.

24. Features
 Code of conduct
 Based on moral and social values
 Gives protection to social groups
 New concept
 Relative terms
 Requires education etc….

25. Business decisions:
 It’s a Mental process of selecting a course of action from a set
of alternatives.
 In other words ” The thought process of selecting a logical
choice from the available options.