Professional Documents
Culture Documents
BECG - Chapter 1
BECG - Chapter 1
BECG - Chapter 1
Governance
Business ethics an overview
Contents Objectives
Ethics An overview By the end of this unit, students should be
able to:
Nature of Ethics
Explain the concept of ethics, its
Objectives of ethics nature and its objectives.
Business ethics Discuss the concept and nature of
Nature of business ethics business ethics
compared
Actions that has with
Established norms
been committed of acceptability
Evaluate as
right/wrong, Guide as to what
moral/immoral, has to be done
etc
Business ethics
It is the written and unwritten codes of principles and values that govern decisions
within a company.
It is the study of what is right and wrong human behavior and conduct in business
Companies and business people who wish to thrive long term must adopt sound
ethical decision making practices and achieve a balance between their social
obligations and economic objectives.
Social
Responsi
bility
Economic
Objective
Nature of Business Ethics
Overt
Ethical Clear and reprehensible
Problems
Two Types of
Ethical Problems
Covert Difficult to locate and
Ethical
Problems
eliminate
Ethical decisions differ with the individual perspective of different persons and hence do not have unique
decision but have multitude of alternatives