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2. Principles Of BusinessPrinciples Of Business
EthicsEthics

3. Introduction….Introduction….
Business ethics is the study of
Business situation
Business activities
Business decisions
where issue of right and wrong are addressed

4. Business Ethics and MoralityBusiness Ethics and Morality
Differences….Differences….
 Moral are personal characteristics while business
ethics pertain to business system where morals are
put in practice
 Morality develops through personal development
process while business ethics develops through age
of practices and mutual acceptance in the business
 Business ethical views are based on an idea of
business property while moral can be expressed as
general rule and statement

5. Business Ethics and MoralityBusiness Ethics and Morality
Differences….Differences….
Business ethics is used to denote
theoretical aspect whereas morality is the
application of these theoretical aspects
Morals are accepted from an authority
while business ethics are accepted
because they follow personality accepted
principles

6. Ethical Dilemmas….Ethical Dilemmas….
 An ethical dilemmas is a situation
that will often involve an apparent conflict
moral imperatives in which to obey one is
transgressing another
 It is a conflict between the businessman
and his business interest
 It is an attempt of refute a ethical system

7. Promotion of Ethical BehaviorPromotion of Ethical Behavior
Through Business….Through Business….
 Establish an enforceable code of conduct
 Initial and ongoing training
 Regular communication
 Enforcement/Action
 Rewarding employees that live the culture

8. Promotion of Ethical BehaviorPromotion of Ethical Behavior
Through Business ….Through Business ….
Anonymous reporting hotline
Fair dealing
Reporting of illegal and unethical behavior
Protection and proper use of company
assets

9. Benefits of business Ethics….Benefits of business Ethics….
Improved society
Easier change management
Strong teamwork and greater
productivity
Enhanced employee growth

10. Benefits of Business Ethics….Benefits of Business Ethics….
Helps to guarantee personal policies legal
Helps to avoid criminal act of omission
and lower fines
Manage values associated with quality and
diversity management
Promote strong public image

11. References….References….
 REFERENCES
 Matten, D & Crane, A (2007). Business ethics:
managing corporate citizenship and sustainability in
the age of globalization. Oxford University Press.
 Drake, D (2008). Problems of Conduct: An
Introductory Survey of Ethics. Biblio Bazaar, LLC.
 Garsten, C & Hernes, T (2008). Ethical dilemmas in
management .Taylor & Francis.
 Ferrell, L & Ferrell, O (2009). Business Ethics:
Ethical Decision Making and Cases. Cengage
Learning.

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