Ethics :

Ethos :
• An Individual Character
• Communities Culture

Definition : Global Ethics defines : Obedience to the Unenforceable

“ is a process of evaluating decisions ,either pre or past, with respect to the Moral
Standards of Society’s culture”

Theme :
“WHAT IS RIGHT AND WHAT IS WRONG”

Ethics involves :
• Adhering to Legal , Regulatory ,Professional and Company .Standards
• Keeping promises and commitment
• Abiding by general Principles

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 Business Ethics ( Continued)

• Recent Trends of Business Ethics

Growing & Developing discipline

Fussy area

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 Business Ethics (Continued)

Approaches to study Business Athics :

Descriptive

Prescriptive

Conceptual

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 Business Ethics contd………

Is Ethics is a science ?

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 Business Ethics ( continued)

Need of Business Ethics :

1. Economic activities ( Means adopted for making Profit )

2.Protection of Consumers need (TQM)
3.Ethics &Trust

Trust in Supplier Relations

Trust in Customer Relations
Trust in Employee Relations

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 Business Ethics (Continued)

Moral Standards : Tools for Judging the morale value of a decisions

Morale Standards are the yardsticks of Business Ehics

Morale norms & Morale Principles