Business ethics and crs

Topic :- Business Ethics and CSR

PRESENTED BY – ALEFIYA RIZVI

ETHICS COMPRISES OF

VALUES

ORGANIZATIONAL VALUE

• Loyalty• Duty• Selfless service• Integrity

INDIVIDUAL VALUE

• Commitment• Competence• Candor• Courage

BUSINESS ETHICS

The term business ethics simply refers to ethics as it applies to business. Doing business ethically means holding right things right and wrong things wrong in

business.

The term profit in business is appropriate but only profit is not accepted anymore.

Example :-

• To provide the best product to the customers.• To charge fair prices from the customers.• To pay taxes to the government honestly.• To keep honesty towards stake holders.• To give fair wages to the workers.

BUSINESS ETHICS AND MANAGEMENT

• Promoting business in the long run.• Employee’s welfare.• environmental concern.• For the success of manager.• Avoiding penalties.

Corporate social responsibilities

“corporate” is legally united entity which act as an individual.

“Social” is the environment we live.

“Responsibilities” is authorising a person to do something and for that he/she is accountable.

Thus CRS is the objective concern for the welfare of society.

Nature

• It is related with business organisation.• Two way traffic.• Universal concept• Aim• Gain social power