Importance of

Business Ethics
Group 1
Akshita Agarwal
Amlan Mathur
Jaideep Singh Juneja
Ethics: Importance
• Basis for the functioning of society
• Responsibility to stockholders and
stakeholders alike
• Efficient utilization of company resources
• Creating good will in the market
• Fosters respect and cooperation between
the co-workers
Ethics & Excel Industries
• Ethics is an important part of our Management policy

• Officers are expected to observe discipline and

conduct themselves, both on and off-duty, in a manner
to uphold the high image of the Company
• Officers are expected to assist the Company in
providing to its employees a work environment free of
harassment and free of discrimination based on race,
religion, caste, creed, colour, physical or mental
disability, age, sex, etc. 
• Officers should not claim from the Company
unauthorized personal expenses
Ethics & Excel Industries
• Ethics is an important part of our
Management policy
• Conflict of interest
•  Protecting confidential information 
•  Prevention of insider trading
Success and Ethics
• Successful and Ethical
• The Tatas; Mr. J.R.D. Tata, Mr. Ratan Tata
• Mr. Aziz Premji
• Dr. Manmohan Singh

• Ethical companies
• Starbucks Coffee Company
• Patagonia Inc.
• Hypertherm Inc.
• Berrett-Koehler Publishers
Implementation of Ethics in business

• Should get the unambiguous support of the top

management
• Should be explained both orally and in writing
• It should be implementable
• Regular evaluation by the top management
• Ramification and the repercussions should be
clearly stated with the code of compliance
Conclusion
• Adam Smith opined that "People of the same
trade seldom meet together, even for merriment
and diversion, but the conversation ends in a
conspiracy against the public, or in some
contrivance to raise prices.“
• Business is duty bound to be accountable to the
natural and social environment in which it
survives.
• Business ethics help the business survive and
grow profitably in the long run