ETHIC AND

BUSINESS
B Y: J I A J I A A N D O R C H I D
WHATS MEANT BY ETHICS?
AN ETHIC IS A MORAL PRINCIPLE OR SET OF
MORAL VALUES HELD BY AN INDIVIDUAL OR A
GROUP.

Ethical behaviour is behaviour which is

considered to be right and moral.
ETHICS IN A BUSINESS
• Business ethics are the
values and principles
which operate in the
world of business. They
form the moral
framework of the
organisation.
 WHY BE ETHICAL?
• To act within the law
• Create good image and good press
• It is one of their unique selling points
• To attract customers/employees
• to be socially responsible
WHO CARES ABOUT BUSINESS
ETHICS?
• Customers
• Managers/Owners/Shareholders
• Pressure Groups/Activists.
• Workforce
• The Community
• Trading Partners
 SOME FACTORS OF ETHICS NAD
BUSINESS
1. Leadership:

Leadership sets the ethical standard for the organization.

2. Corporate Culture:

The prevailing culture influences ethical behavior.

3. Organizational Structure:

Communication and Reporting Lines influence the flow

of responsibility.

4. Technology and Social Media:

Digital Influence and social media scrutiny impact

organizational transparency.
CONCLUSION
• Ethical conduct is critical to the success of any business.
• implementing ethical standards, companies can enjoy greater customer loyalty,
employee retention, and stakeholder support.
• Another reason for implementing these ethical codes is to avoid any individual
engaging in activities such as discrimination and bribery to maintain a healthy
business environment.
• By prioritising ethics, businesses can build a strong foundation for success and
make a positive impact on society as a whole.