Business Ethics

An overview
 Branch of social science
 Moral principles
 Classifying good or bad
Definition
 “Business ethics is the study of business
situations, activities, and decisions where issues
of right and wrong are addressed.”

 “The ethics of business is the ethics of

responsibility. The business man must promise
that he will not harm knowingly.”
 “Business ethics (also corporate ethics) is a form of
applied ethics or professional ethics that examines
ethical principles and moral or ethical problems
that arise in a business environment. It applies to all
aspects of business conduct and is relevant to the
conduct of individuals and entire organizations.”
Nature of Business Ethics
 Code of conduct:
 Based on moral and social values
 Gives protection to social groups
 Provides basic framework
 Voluntary
 Requires education and guidance
 Relative Term
 New concept
Advantages of Business Ethics

1. Attracting and retaining talent

2. Investor Loyalty
3. Customer satisfaction
4. Regulators
Scope of Business Ethics

1. Ethics in Compliance
2. Ethics in Finance
3. Ethics in Human Resources
4. Ethics in Marketing
5. Ethics of Production
 What is not Business Ethics

1. Ethics is different from religion

2. Ethics is not synonymous with Law
3. Ethical standards are different from cultural traits
4. Ethics is different from feelings
5. Ethics is not a science in the strictest sense of the term
6. Ethics is not just a collection of values
 https://www.slideshare.net/AnmolSawhney1/business-ethics-case
-study
(Comparison of Tata and Coca cola)

 https://www.slideshare.net/emily_winkler/ethics-case-presentati
on-13315324
(Walmart)

 https://www.slideshare.net/viviannnazoba/ethics-case-study-1
(Dimensions of professional nursing)