Business ethics

BUSINESS ETHICS

PRESENTED BY

Shaikh Shabina

INTRODUCTION

The Term Ethics derieved from greek word ‘Ethos’ which means ‘Character’.

Ethics is a social science which deals with concepts such as right and wrong,moral and immoral,good and bad etc.

Behavior of Dealing with one another

BUSINESS ETHICS

MEANINGS Business Ethics deals with

morality in the business.it is a system of moral principles and values applied to business activities.this means the business activities should be conducted according to ethics or moral standards.

BUSINESS ETHICS

Defination According to

wheeler,Business Ethics is an art or

science of maintaining harmonious relationship with society,its various groups and institutions as well as reorganising for right or wrong of business conduct.

FEATURES OF BUSINESS ETHICS

CODE OF CONDUCT PROVIDE PROTECTION TO

SOCIAL GROUP PROVIDE BASIC FRAME WORK NEED WILLING ACCEPTANCE EDUCATION AND GUIDANCE NOT AGAINST FAIR PROFIT

MAKING

NEED FOR BUSINESS ETHICS

CHECKING BUSINESS MALPRACTICES IMPROVING CONSUMER CONFIDENCE BUSINESSMEN TO BE CONSCIOUS OF

SOCIAL RESPONSIBILITIES PROTECT CONSUMER RIGHTS CREATE GOOD IMAGE OF BUSINESS

PRINCIPLES OF BUSINESS ETHICS

AVOID EXPLOITATION OF CONSUMERS UNFAIR TRADE PRACTICES ENCOURAGE HEALTHY COMPETITION FAIR TREATMENT TO EMPLOYEES AVOID PAYMENT OF BRIBE RESPECT CONSUMER RIGHTS ACCEPT SOCIAL RESPONSIBILITY

ETHICAL AND UNETHICAL

HAVING MORAL VALUES

FAIR PRICES FAIR WAGES

NO VALUES NO ETHICS

SHORT WEIGHTS AND MEASURES

SUPPY INFERIOR QUALITY

ETHICAL V/S UNETHICAL

ADVANTAGES OF BUSINESS ETHICS

ADVANTAGE TO BUSINESS MAN ADVANTAGE TO CONSUMER AND

SOCIETY ADVANTAGE TO EMPLOYEES ADVANTAGE TO GOVERNMENT

CONCLUSION “GOOD ETHICS IS

GOOD BUSINESS”