PRESENTATION ONBUSINESS ETHICS

Introduction The term Ethics is derived from

the 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.

Behaviour of dealing with one another.

Business ethicsMeaning

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.

Features of business ethicsCode of conductProvide protection to social

groupProvide basic frameworkNeed willing acceptanceEducation and guidanceNot against fair profit making

Principles of business ethicsAvoid exploitation of consumersAvoid unfair trade practicesFair treatment to employeesRegular payment of taxesAvoid injustice and discriminationRespect consumer rights

Importance of business ethicsImproving consumer confidenceProtect consumer rightsCreate good image of businessSmooth functioningHealthy competition

Ethical and unethicalHaving moral valuesFair pricesFair wages

No values no moralsShort weights and

measuresSupply inferior quality

Advantages of business

Advantage to businessAdvantage to consumer and societyAdvantage to employeesAdvantage to government

Conclusion A company’s ethics will determine its reputation.Good business ethics are essential for the long term

success of an organisation.A company’s ethics will have an influence on all

levels of business.

So we hope that all organisations should maintain business ethics

THANK YOU !!!