BUSINESS ETHICS

BUSINESS ETHICS :-
According to oxford dictionary:- “Business ethics consist
of system of moral principal, rules Behavioural conduct
& divine.”
The study of what is good and right to the
people.the basic question ethics ask how man should
act. especially when action have direct & indirect effect
act on other’s.
Moral : It is derived from Latin word “moralise” which means character.
This word used many times in place of ethics by mistake but these two are
different.
Moral are duties or rules that governs behaviours
of person.
Hitler say : Moral are principle of right wrong it comes by teaching
and experience .Moral Habit are standard of behaviours.
Ex.: “Do not tell lie”
Moral Rules :
1. Don’t kill
2. Don’t cheat
3. Obey the law
4. Do your duty
5. Keep your promises
Behaviour : Behaviour is external that is the response
one makes with interrelation with other it reflect the
character of the individual.
HISTORY
History: The concept of B. Ethics started evolving in
sixty’s. social awareness movement gave birth to B.E. The
commercial org. Started following their own ethical
standard. Science that B.E. has popular.
Ethical problem is old as mankind.
Mahatma Gandhi : The father of nation had been a person with a high
standard of character and high behavioural instinct / response. Gandhi in
nation context or ind in org. Context are people with certain quality of as
follows:
1. Honesty in all action.
2. Transparency and setting standard.
3. Sincerity
4. Generosity
5. Truthfulness
6. Integrity
7. Cooperation
No behaviours is inherently right or wrong . each person may obtain his own
choice based on his choice of ethical principal.
We may say, Belief are the feeling of trust. Confidence of what is real and what
is true.
Ex.: Buddha & Gandhiji believe in “Ahimsa”.
Ethics in Management: Ethical issue occurs in all
decision making process in management. Ethical issue
also come from the vision of the organisation. We do
long range & short range planning every organization
needs profit, quality, cost, efficiency ethics is require.
Ethics decision may be in form of reward and penalties.
Example : Sales officer who gives small bribe to
purchasing officer for getting more order.
Ethics in business : In early 50’s public view in India
was that the profit and ethics do not go together. They
are mutually opposite think
“People is a dirty word” at that time but now existence of
consummation. World wide winding of market &
growth makes changes these thing king. Today we
think profit is must for any business. Infect not
making profit is unethical today.
Importance of ethics in business :
1. Part of society
2. Expectation of public
3. Trust of employee
4. Image
5. Cost
6. Overall benefit.
Development : Righteous (Dharma) and social concern
have changed from time to time but ethical value changes
from situation to situation new exit as per the place, time.
Definition : Describe what are 3 terms normally used to
express the social behaviour of people. When we tell this
words behaviour towards other fair & unfair action &
decision taken against some one. What is proper are our
moral standard.
Speak: this term also depend upon situation and vary from
time to time.
Behaviour: Behaviour is external that is the response one
makes with interrelation with other it reflect the
character of the individual.