BUSINESS ETHICS

Nature of business ethics and values

Sources of ethical and philosophical systems, cultural

experience and legal system.

Factors influencing business ethics 

Managing codes of ethics, ethics committees, hotlines,

ethics training programs and laws
enforcing ethical conduct.
• Business ethics is a social science, whose main aim is to define and examine the
responsibilities of businesses and their agents as a part of the general moral
environment of a given society.

• Ethics is a branch of social science. It deals with moral principles and social
values. 

“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.”
 Code of
conduct
Based on
New moral
concept and social
values

Gives
Relative protection
Ethics
Term to social
groups

Requires
Provides
education
basic
and
framework
guidance 
Voluntary
Ethical Frameworks
• Consequentialist approach

• Actions are right or wrong based on outcomes;

• Seeks greatest utility in the form of most

happiness for the greatest number
• “End justifies the means” “Benefits outweigh
the costs”

• Non consequential approach

• Deontological/duty based approach

 Ethics
Framework

Non
Consequentialist
Consequential

Utilitarianism Egoism Deontology Justice

Common Good Relativism

 Ethical
Frameworks