LEARNING OBJECTIVE

At the end of this topic, you should be able to:

• Define ethics in the business environment

Ethics and Corporate Responsibility

Topic: Definition of Ethics in • Define ethical issue

the Business Environment
• Explain importance of ethics in the business
Dr. Kumaran Rajaram
environment

College of Business
Nanyang Business School

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ETHICS IN THE BUSINESS ENVIRONMENT ETHICS IN THE BUSINESS ENVIRONMENT

Ethical issue
Why is it Why are we
What is ethics? seeing unethical Situation, problem or
important?
behaviours? opportunity in which an
• System of rules • Organisations • Temptation individual must choose
which govern have a exists within between morally right or
the way responsibility to every wrong
organisations meet social organisation
Business ethics
prioritise or obligations
order values beyond earning Moral principles and
profits within standards which guide
legal and behaviour in the business
ethical world
constraints
Complicated when a situation
dictates that one value
overrules others

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