This presentation cover the topics: (a) Business ethics definitions, need for business ethics (b) Factors affecting business ethics To watch presentation in video format: https://www.youtube.com/watch?v=FuyF8zFPGP0 The presentation is for education purpose only & the matter taken for preparing slides was from modules & internet to complete the class assignments.

1. BUSINESS ETHICS

2. MEANING OF ETHICS:
 THE WORD ETHICS IS DERIVED FROM “ETHOS”,WHICH
REFERS TO CHARACTER.
 ACCORDING TO P.W.WRIGHT , “ETHICS IS THAT
BRANCH OF PHILOSOPHY WHICH IS THAT
SYSTEMATIC STUDY OF REFLECTIVE CHOICE,OF THE
STANDARDS OF RIGHT OR WRONG BY WHICH IT IS
TO BE GUIDED AND OF THE GOODS TOWARDS
WHICH IT MAY ULTIMATELY BE DIRECTED”.
 ACCORDING TO HURLEY , “ ETHICS AS A SYSTEM
OF MORAL PRINCIPLES”.

3. BUSINESS ETHICS:
 IT MEANS THE BEHAVIOUR OF A BUSINESSMAN WHILE
CONDUCTING A BUSINESS BY OBSERVING MORALITY IN HIS
BUSINESS ACTIVITIES.
 ACCORDING TO T.M. GARETT , “BUSINESS ETHICS IS PRIMARILY
CONCERNED WITH THE RELATIONSHIP OF BUSINESS GOALS AND
TECHNIQUES TO SPECIFICALLY HUMAN ENDS”
 BUSINESS ETHICS MAY BE DEFINED AS A SET OF MORAL RULES
AND PRINCIPLES TO PROTECT THE INTEREST OF
CUSTOMERS,EMPLOYEES,SOCIETY,BUSINESS UNIT AND THE
INDUSTRY AS A WHOLE.

4. NEED FOR BUSINESS ETHICS:
 SURVIVAL OF THE BUSINESS UNIT
 GROWTH OF BUSINESS UNIT
 EARNING GOODWILL
 IMPROVING THE CONFIDENCE
 MAINTAINING INTER-RELATIONSHIP
 SOLVING SOCIAL PROBELEMS

5. WHAT ARE THE FACTORS THAT
AFFECTS BUSINESS ETHICS ?

6. FACTORS AFFECTING BUSINESS
ETHICS ARE AS FOLLOWS:
 UNHEALTHY COMPETITION
 ABNORMAL PROFIT MOTIVE
 POLITICAL INTERFERENCE
 POLITICAL UNCERTAINITY
 UNJUST LEGISLATION
 CORRUPTION
 LACK OF ETHICAL ATTITUDE
 LACK OF EDUCATION
 RED-TAPISM

7. CONCLUSION:
 A businessman should observe morality not
only in business activities but also in non -
business activities . Such observations of
morality is not required out of fear for
punishment . He should observe ethics inspired
by his own interest In his business and society
as a whole .