The document discusses ethical behavior in business. It defines ethics as having guidelines for human behavior and making moral choices between right and wrong. Ethical behavior means knowing the difference between right and wrong and choosing to do right. A code of ethics provides systematic rules and procedures to guide individuals and businesses. Business ethics applies ethical principles to situations in the workplace. The document outlines a small business's ethical responsibilities towards customers, employees, and the community.
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
ethical behaviour in business
1. Ethical Behavior in BusinessEthical Behavior in Business
Presented To: Jalil Ahmed TheboPresented To: Jalil Ahmed Thebo
Presented By: Sadiq MemonPresented By: Sadiq Memon
2. What is Ethics?What is Ethics?
Ethics involves:Ethics involves:
• Having guidelines for humanHaving guidelines for human
behaviorbehavior
• Studying moral choices andStudying moral choices and
valuesvalues
• Choosing between right andChoosing between right and
wrong.wrong.
3. What is Ethical Behavior?What is Ethical Behavior?
Ethical behavior means:Ethical behavior means:
•knowing the differenceknowing the difference
between right andbetween right and
wrongwrong
•consciously choosingconsciously choosing
to do right.to do right.
4. What is a Code of Ethics?What is a Code of Ethics?
A Code of Ethics is:A Code of Ethics is:
•A systematic set of rules andA systematic set of rules and
procedures used to guide theprocedures used to guide the
behavior of an individual, abehavior of an individual, a
business, or a culture.business, or a culture.
•The code of ethics is in writingThe code of ethics is in writing
and available to everyone whoand available to everyone who
is expected to abide by them.is expected to abide by them.
5. What is Business Ethics?What is Business Ethics?
Business ethics meansBusiness ethics means
applyingapplying principles of rightprinciples of right
and wrong toand wrong to situationssituations
in the workplacein the workplace..
6. What is a Small Business’s EthicalWhat is a Small Business’s Ethical
Responsibility Towards Customers?Responsibility Towards Customers?
•Treat all customers with respect.Treat all customers with respect.
•Be honest.Be honest.
•Do not exaggerate the merits of yourDo not exaggerate the merits of your
products/services.products/services.
•Inform customers of possible dangers of yourInform customers of possible dangers of your
products/services.products/services.
•Handle all disputes fairly.Handle all disputes fairly.
7. What is a Business Owner’sWhat is a Business Owner’s
Ethical Responsibility Towards Employees?Ethical Responsibility Towards Employees?
• Establish an ethical workplace.Establish an ethical workplace.
• Create a written code of ethics to set guidelines toCreate a written code of ethics to set guidelines to
help the business owner and employees makehelp the business owner and employees make
ethical decisions.ethical decisions.
• Establish company policies and procedures toEstablish company policies and procedures to
let business owners and employees knowlet business owners and employees know
how to act in certain situations.how to act in certain situations.
• Treat all employees fairly.Treat all employees fairly.
provided by Office of Government
Ethics, Washington, DC
8. How Can a Small Business Show Its EthicalHow Can a Small Business Show Its Ethical
Responsibility Towards the Community?Responsibility Towards the Community?
•Contribute money to charities, culturalContribute money to charities, cultural
institutions, and other reputable causes.institutions, and other reputable causes.
•Get involved.Get involved.
•Donate products and services.Donate products and services.
•Sponsor/support fundraisingSponsor/support fundraising
for non-profit organizationsfor non-profit organizations
that support the community.that support the community.
9. Ethics in the Small Business
Having a clear, understandable, fair code ofHaving a clear, understandable, fair code of
ethics is important to the success of a smallethics is important to the success of a small
business.business.
Everyone involved in the business should beEveryone involved in the business should be
aware of what is expected of them.aware of what is expected of them.
Many companies not only have a code ofMany companies not only have a code of
ethics but require it to be signed by everyethics but require it to be signed by every
employee.employee.
Failure to abide by documented, establishedFailure to abide by documented, established
code of ethics can result in a job lost.code of ethics can result in a job lost.