OXFORD’S Definition of
The characteristics, spirit and beliefs of community,people
It implies recognition andunderstanding of aspirations of society and determination tocontribute to its achievement
” Definition from MANAGEMENT point of view:ETHICS:
These are principles which govern business activities & provide a code of conduct for the managers and othersconcerned.
It indicates a businessman’sobligation to nurture and develop human values. Hence, itrefers to BOTH socio-economic and socio-human concerns of business.