BY: Gulam Nabi Azad.M Department of Business AdministrationNehru Arts and College, Coimbatore.

WHAT IS ETHICS ?

WHAT IS BUSINESS ETHICS ?

ETHICS:-

DERIVED FROM THE GREEK WORD ‘ETHOS’ MEANS CHARACTER /SENTIMENTS. IT ORIGINATED IN USA IN 1970’S.

BRANCH OF SOCIAL SCIENCE DEALS WITH SOCIAL VALUES &MORAL PRINCIPLES.IT HELPS TO KNOW WHAT IS RIGHT & WRONG ?

BUSINESS ETHICS :-

BUSINESS ETHICS IS THE APPLICATION OF SOCIAL AND INDIVIDUAL MORAL VALUES UPON BUSINESS DECISION.

IT’S A CODE OF CONDUCT.

TELLS US TO DO RIGHT THING AND DONOT LET WRONG THINGS.

BUSINESS ETHICS “WHY” ?

WHEN A BUSINESSMAN DOESN’T HAS ETHICS IN HIS EVERYDAY WORK ATMOSPHERE,THE LONG LASTING EFFECTS CAN BE DISASTROUS AND OFTEN TIMES,EVEN FATAL, TO THAT BUSINESS.

ETHICS KEEP YOU MORAL AND LEGAL,SECOND,BECAUSE AN ETHICAL BUSINESS WILL GET MORE CONSUMERS.IF YOU ARE SUSPECTED OF CHEATING YOUR BUSINESS MAY BE AFFECTED.

ELEMENTS OF BUSINESS ETHICS:-

IMAGINATION:-IT’S THE ABILITY TO IMAGINE THE SITUATION WHERE UNETHICAL ISSUES TAKE PLACE.

IDENTIFICATION:-IT’S ABILITY TO IDENTIFY THE SITUATION WHERE UNETHICAL ISSUES TAKE PLACE.

EVALUATION :-IT’S ABILITY TO EVALUATE THE SITUATION BASED ON CODE OF CONDUCT.

TOLERANCE:-IT’S ABILITY TO TOLERATE THE DISAGREE OF ETHICAL ISSUE.

NEED OR IMPORTANCE OF BUSINESS ETHICS:-

STOP BUSINESS MALPRACTICES. IMPROVE CONSUMERS CONFIDENCE. SURVIVAL OF BUSINESS. PROTECTING CONSUMERS RIGHTS . PROTECTING EMPLOYEES ,SHAREHOLDERS ETC.. DEVELOPS GOOD RELATIONS BETWEEN BUSINESS AND

SOCIETY. CREATE GOOD IMAGE OF BUSINESS. SMOOTH FUNCTIONING OF BUSINESS. CONSUMER MOVEMENT. CONSUMER SATISFICATION. IMPORTANCE OF LABOUR. HEALTHY COMPETITIONS.

BUSINESS ETHICS AS A SOCIAL RESPONSIBILITY:-

OBLIGATION OR RESPONSIBILITY OR DUTIES THAT A BUSINESS ORGANIZATION HAS TOWARDS THE SOCIETY WITHIN WHICH IT EXIST AND OPERATES FROM.

THUS THE NEED FOR IMPORTANCE OF BUSINESS ETHICS LEAD TO RESPONSIBILITY TO SOCIETY.

SOCIAL RESPONSIBILITY UNDERTAKEN AS REPORTED BY SOME COMPANIES…

CONCLUSION :-

ETHICS IS BEHAVIOUR OF AN INDIVIDUAL BASED ON MORAL PRINCIPLES…

BUSINESS ETHICS IS CODE OF CONDUCT BASED ON MORAL PRINCIPLES AND SOCIAL VALUES WITHIN AM INDIVIDUAL OR ORGANIZATION FIRM ...

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY ARE MUTUALLY INTERRELATED…