Apply the

knowledge
of ethics to
everyday in
business
SUBMITTED BY-Gaurav Kumar
Roll no- MBA/45011/21
Summitted to-Mrs. Rachna Prateek
ETHICS AND ITS IMPORTANCE

 Ethics is a branch of philosophy that deals with moral principles and values that guide
human behavior. It is concerned with questions of right and wrong, good and bad, and what
actions are considered to be morally acceptable or unacceptable. Ethics helps us to
understand how to live our lives in a way that is responsible, just, and compassionate
towards others.

 Ethics is important because it provides a framework for making decisions that are morally
and socially responsible. It helps us to understand our responsibilities towards others and
the environment, and guides us in our interactions with others. Ethical behavior is essential
for building trust and respect in relationships, promoting fairness and justice in society, and
creating a sustainable and equitable world.
ETHIS IN BUSINESS -

 In business, ethics plays a crucial role in shaping the behavior of organizations and individuals
in their dealings with stakeholders such as customers, employees, shareholders, and the
community. Ethical behavior is essential for creating a positive and sustainable impact on
society and building strong relationships with stakeholders.

 Ethics also plays a crucial role in professions such as medicine, law, and education, where
professionals are expected to adhere to ethical standards in their interactions with clients and
patients.

 In summary, ethics is important because it provides a foundation for making decisions that are
morally and socially responsible, promoting fairness and justice in society, and creating a
sustainable and equitable world. It is an essential part of being a responsible and engaged
citizen and professional.
ETHICS IN EVERYDAY PURPOSE-

 Ethics play a crucial role in the business world as they shape the behavior of
organizations and individuals in their dealings with stakeholders such as customers,
employees, shareholders, and the community. Here are some ways to apply ethics to
everyday business:

1. Honesty and Transparency: In business, honesty is the foundation for trust and
integrity. Businesses should be transparent in their dealings with customers, suppliers,
and other stakeholders. This includes being honest about their products or services,
pricing, and policies.

2. Fairness and Justice: Businesses should treat all stakeholders fairly and justly, without
any form of discrimination. This includes treating employees with respect and dignity,
and ensuring that they are paid fairly and have access to equal opportunities for
advancement.
3 .Responsibility: Businesses have a responsibility to be socially and environmentally responsible. This

includes adopting sustainable business practices, reducing their carbon footprint, and supporting community

development initiatives.

4. Respect: Businesses should show respect for human rights, labor standards, and ethical business practices.

This includes treating suppliers and customers with respect, ensuring that their products are safe and of high

quality, and avoiding any form of exploitation.

5. Accountability: Businesses should be accountable for their actions and decisions. They should be

transparent about their financial performance, adhere to legal and ethical standards, and take responsibility for

any harm caused by their products or services.

6. Professionalism: Businesses should conduct themselves in a professional manner at all

times. This includes adhering to professional standards, being honest and transparent in

their communications, and maintaining confidentiality.

 By applying these ethical principles in everyday business, businesses can create a

positive and sustainable impact on society and build strong relationships with

stakeholders. Ethical behavior is essential for creating a culture of trust, promoting

long-term sustainability, and maintaining a positive reputation.

THANK YOU