BUSINESS ETHICS PRESENTED

BY

Mukta chugh

Sonali Lachhani

Dishant Nagrani

Dheeraj Ramchandani

Juhi Makhija

‘A business that makes nothing but money is a poor business.’

Henry Ford

Ethics

Business

ethics

Moral principles by which people

conduct themselves personally, socially,

or professionally

Rules based on moral principles about

how businesses and employees ought to

conduct themselves

Difference

BUSINESS ETHICS

MEANING

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.

Three levels of application

Business ethics can be applied at three levels:

–the individual employee,

–the organization,

–the society.

Who is responsible for creating ethics in an

organization?

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

Why Be Ethical in business?

1. Higher Trust

2. A better reputation

3. Higher shareholder value.

Why fostering Good Business Ethics is important???

CHECKING BUSINESS MALPRACTICES

IMPROVING CONSUMER CONFIDENCE

BUSINESSMEN TO BE CONSCIOUS OF SOCIAL RESPONSIBILITIES

PROTECT CONSUMER RIGHTS

CREATE GOOD IMAGE OF BUSINESS

HOW BUSINESS CAN “GET IT”

Organizations that Promote an

“Ethical Climate” provide an

Opportunity to develop an

“Ethical Culture”

7 Principles Of business ethics

• Be trustful

• Accept the social responsibility

• Meet Obligations

• Have clear documents

• Become community involved

• Maintaining accounting control

• Be respectful

ETHICAL AND UNETHICAL

HAVING MORAL VALUES

FAIR PRICES

FAIR WAGES

• NO VALUES NO ETHICS

• SHORT WEIGHTS AND MEASURES

• SUPPY INFERIOR QUALITY

ETHICAL V/S UNETHICALEthical v/s Unethical

Ethical Tests

DISCUSSION QUESTION

Suppose you have a customer who knows nothing about the product she is buying. You think she will buy any model you recommend.

- Is it your duty to sell her the most expensive model in the store? Explain.

DISCUSSION QUESTION

Suppose you are getting paid less than you

think you deserve. Could that justify

stealing from the company or goofing off on the job?

What other options might you have to remedy your dissatisfaction?

Conclusion• Ethics are important not only in business but

in all aspects of life because it is an essential part of the foundation on which of a civilized society is build. A business or society that lacks ethical principles is bound to fail sooner or later.

“GOOD ETHICS IS GOOD BUSINESS”

Thank you