Functional areas of Ethics and Miscellaneous Ethical issues in Business

1. CORPORATE GOVERNANCE!!!
“Functional Areas Of Ethics In Business
&
Miscellaneous Ethical Issues In Business”
VAIRAKUMAR R
2nd M.Com A
No:117

2. ETHICS…..
The word Ethics is originated from the Greek word “ethos” which means customary
or habitual conduct. Ethics is also referred to a philosophy. Ethics enables people to
make a clear separation of the dos and don’ts in their life. Ethics is primarily
concerned with the ascertainment of good and bad, right and wrong, justice and
injustice, moral and immoral virtue and voice of the behavior and action of
individuals.

3. BUSINESS ETHICS…
Business ethics is a discipline of the applied ethics that analyses the moral qualities of the
Commercial activities. Business ethics is a branch of study deals with the principles, values and
standards that describes right conduct in Business.

4. DEFINITION….
According to the Business Dictionary, “ Business ethics is a system of moral principles
applied in the commercial word. Business ethics provides guidelines for acceptable
behavior by organization in both their strategy formulation and day-to-day operation”

5. Functional Areas of Ethics in Business….
1. Production Ethic
 Adulteration
 Production of harmful products
 Inferior components and raw materials
 Lack of information to customers on side effects
 Unsafe and unhealthy packaging
 Ignoring environmental standards

6. 2. Marketing and Sales Ethics
 Unfair pricing strategy
 Creation of monopoly
 Dumping
 Non-disclosure of substantial risk
 Deceptive communication
 Poor after sales service
 Substantial advertisement
 Obscene advertisement
 Unhealthy competition

7. 3. Human Resource Management Ethics
 Low salary and wages
 Unsafe working condition
 Discrimination
 Child labour
 Employee raiding

8. 4. financial and Accounting Ethics
 Embezzlement of cash
 Window dressing
 Creation of secret reserves

9. 5. Research and Development Ethics
 Use of animals for testing the new products
 Inaccurate and incomplete testing of products
 Patent and copy right infringement

10. Miscellaneous Ethics Issues in Business…
 Bribery and Extortion
 Insider trading
 Theft and disclosure of trade secrets
 Unfair related party transaction

11. THANK YOU ALL!!!!!