2. Index
• What Is Business Ethics?
• What Do We Mean By Ethics?
• Types Of Ethics
• Importance Of Ethics
• Why Business Ethics Is Important?
• Why Apply Business Ethics?
• Some Business Ethical Issues
3. What Is Business Ethics?
• Business Ethics is the study of business situations,
activities, and decisions where issues of right and wrong
are addressed. Right and Wrong in morality,
commercially, strategically or financially.
• Business Ethics do not only include commercial
business but also:
- Government organizations
- Pressure groups
- Not for profit businesses
- Charities and other organizations
4. What Do We Mean By Ethics?
• The term "ethics" is derived from the greek word
"ethos" which refers to characters, ideals, beliefs
or morally behavior.
• Ethics is a branch of philosophy which deals with
questions such as what is right and wrong, moral
and immoral, good and bad with respect to
human behavior.
• It includes study of universal values such as
equality, morality, integrity, humun or natural
right.
5. Types Of Ethics
Metaethics: about the theoretical meaning and
reference of moral propositions and how their
truth values may be determined.
Normative Ethics: about the practical means of
determining a moral course of action.
Applied Ethics: draws upon ethical theory in
order to ask what a person is obligated to do in
some very specific situation, or within some
particular domain of action.
6. Importance Of Ethics
• Guides Human Behavior : Ethic guides human
behavior in terms of what is right and wrong,
good and bad.
• Includes Values and Morals : Ethics is a branch
of philosophy that include various values, morals
, norms and standard in an individual.
• Helps in Decision making : Ethical conducts
encourages a culture of making decisions based
on ethical moral and principles.
7. Why Business Ethics Is Important?
• Business Ethics is very prominent
business topic.
- Consumers and pressure groups request that any firm
behave ethically and ecologically.
- Media seems to keep the spotlight on corporate abuses
and bad practices.
- Firms understand themselves that being ethical is good
for businesses, inside the organizations with employees
and as well to gain some profit.
8. Why Apply Business Ethics?
• The power of influence of business in
society is greater than ever before.
• Demand of being ethical are requested in
order to be competitive on a market.
• Business ethics can improve ethical
decision making by acknowledging
managers.
9. Some Business Ethical Issues
• Child Labor and low-labor costs
• Discriminations
• Bribery and corruption
• Overtime work
• Health and safety regulations