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  • Buss Ethics

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    mehtaneel7
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    Business ethics refers to examining how people and institutions should behave in commerce. Ethics are about what is right and wrong, while law is about what is lawful and unlawful. An ethical decision is both legal and meets shared community standards. Ethical decisions in business provide customers with valid product information, free choice, and greater commitment to the product and organization. Upholding ethics benefits society, builds goodwill and a healthy culture, and avoids PR disasters while improving sales, recruitment, and employee motivation.

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    Business ethics refers to examining how people and institutions should behave in commerce. Ethics are about what is right and wrong, while law is about what is lawful and unlawful. An ethical decision is both legal and meets shared community standards. Ethical decisions in business provide customers with valid product information, free choice, and greater commitment to the product and organization. Upholding ethics benefits society, builds goodwill and a healthy culture, and avoids PR disasters while improving sales, recruitment, and employee motivation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    12 views7 pages

    Buss Ethics

    Uploaded by

    mehtaneel7
    Business ethics refers to examining how people and institutions should behave in commerce. Ethics are about what is right and wrong, while law is about what is lawful and unlawful. An ethical decision is both legal and meets shared community standards. Ethical decisions in business provide customers with valid product information, free choice, and greater commitment to the product and organization. Upholding ethics benefits society, builds goodwill and a healthy culture, and avoids PR disasters while improving sales, recruitment, and employee motivation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    BUSINESS ETHICS

    Definition

    Ethics = Right, Good and Just. "Business Ethics" can be defined as a critical, structured examination of how people & institutions should behave in the

    world of commerce.
    An act,decision,or behavior is ethical if it is in conformity with prevailing norms or standards of society.

    ETHICS VS LAW

    Ethics are about what is right and what is wrong Law is about what is lawful and what is unlawful An ethical decision is one that is both legal and meets the shared ethical standards of the community

    Ethical decision provides the customer :1.

    Valid data about the product & service Free and informed choice
    Greater commitment towards the product and the organization.

    2.

    3.

    Importance

    Welfare of society
    To build a Healthy personality To build the goodwill

    Benefits of Ethical Behavior

    Avoidance of expensive and embarrassing PR disasters. Better image with consumers and better sales. Better recruitment. Better employee motivation because employees are proud of their jobs.

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