This document discusses the role of ethics, values, and morality in business management. It defines ethics as rules that define right and wrong conduct, values as the importance placed on actions, and morality as differentiating proper from improper intentions and decisions. It states that ethical people choose right even when difficult and that ethics are moral values in action. It lists seven principles of admirable business ethics including trust, open-mindedness, meeting obligations, and respect. It discusses myths around business ethics and emphasizes that ethics are not just opinions but have objective standards.

1. Role Of Ethics;
Values And
Morality In
Business
Management
BY RUCHIKA KHANDELWAL

2. MEANING
ETHICS- Ethics is a set of rules that define right and
wrong conduct.
VALUES-Value denotes the degree of importance of
some thing or action. values are standards of conduct
that a company wants each member of the organization
to follow.
MORALITY- Morality is the differentiation of
intentions, decisions and actions between those that are
distinguished as proper and those that are improper.
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3. BETTER
UNDERSTANDING
A person who knows the difference
between right and wrong and
chooses right is moral. A person whose
morality is reflected in his willingness to do
the right thing – even if it is hard or
dangerous – is ethical. Ethics are moral
values in action.
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4. 7 PRINCIPLES OF
ADMIRABLE
BUSINESS ETHICS

5. “1. BE TRUSTFUL
2. KEEP AN OPEN MIND
3. MEET OBLIGATIONS
4. HAVE CLEAR DOCUMENTS
5. BECOME COMMUNITY INVOLVED
6. MAINTAIN ACCOUNTING CONTROL
7. BE RESPECTFUL
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6. 6
Ethics is the Measurable Differentiator

7. QUOTES ON
BUSINESS
ETHICS
“A BUSINESS THAT MAKES NOTHING BUT
MONEY IS A POOR KIND OF BUSINESS.”
-HENRY FORD
“IF YOU WANT TO WALK FAST, WALK
ALONE. BUT IF YOU WANT TO WALK FAR,
WALK TOGETHER.”
-RATAN TATA
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(Chairman of the Tata Group)
(American captain of industry)

8. Some of world's most
ethical companies
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9. Stakeholder
Theory published
in 1983 in San
Francisco.
9Is a theory of organizational management and business
ethics that addresses morals and values in managing an
organization.

10. Unethical
Advertisement
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11. SOME MYTHS
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MYTH 1: WE LEARN ETHICS AS LITTLE KIDS, NOT AS ADULTS
WRONG: Ethical maturity grows with cognitive maturity.
- Making ethical decisions requires
brainpower
- Successful leaders tend to have
more advanced ethical reasoning
skills.

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MYTH 2: WE ALL KNOW WHAT’S RIGHT. IT’S
JUST A MATTER OF DOING IT.
THEN WHY DO WE
DISAGREE ALL THE
TIME?

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ETHICS IS JUST A MATTER OF
OPINION.
MYTH 3:
- THERE ARE NO OBJECTIVE STANDS
- ONLY PERSONAL VALUESS.
TRY TO REMEMBER THIS THE NEXT
TIME YOU ARE MUGGED

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15. core
values
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Innovation – Pursuing new creative ideas that have the potential to change the
world.
Integrity – Acting with honesty and honor without compromising the truth
Accountability – Acknowledging and assuming
responsibility for actions, products, decisions, and policies.
Commitment – Committing to great product, service, and
other initiatives that impact lives within and outside the
organization.
Community –Contributing to society and demonstrating
corporate social responsibility.
Diversity – respecting the diversity and giving the best of
composition. Establishing an employee equity program.
Empowerment – Encouraging employees to take initiative and give the best.

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CONCLUSION
ETHICS VALUES AND MORALS are important
not only in business but in all aspects of life
because it is an essential part of the foundation
on which civilized society is build. A business or
society that lacks ethical principles is bound to fail
sooner.

17. Thank You!
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