Business ethics is the study of moral principles and values that govern decisions and actions within a company. It focuses on standards of behavior that promote human welfare and good decision making. There are three key aspects of business ethics: compliance with laws, contributing to society, and considering the consequences of decisions and actions. Business ethics deals with human conduct in a way that creates goodwill, earns loyalty, and brings together moral values and corporate interests for long term success.

1. BUSINESS ETHICS

2. ETHICS
MEANING:
Ethics is the study of morals and moral choices. It
focuses on standards, rules and code of conduct that govern the
behavior of individuals and groups. They give us idea about what is
right or wrong, true or false, fair or unfair.

3. BUSINESS ETHICS
MEANING:
Business Ethics is a specialized study of moral, right or
wrong in a business. It defines written and unwritten codes of
principles and values that govern decisions and actions within a
company. In the business world the organizations culture sets
standards for determining the difference between good and bad
decision making and behavior.
“Business ethics is the study of the standards of business behavior which promote
human welfare and the good."
Kirk O. Hanson

4. 3 C’S OF BUSINESS ETHICS
COMPLIANCE
CONTRIBUTION
CONSEQUENCES

5. NATURE OF BUSINESS ETHICS
• Deals with human conduct
• Creates goodwill to maximize profit
• Earns loyalty and commitment of customers and employees
• Brings together desired moral values and corporate interests
• Success in the long term

6. CHARACTERSTICS OF BUSINESS
ETHICS
• As a Guide
• Goals and Means
• Art and Science
• Study human aspects
• Different from Social Responsibility
• Development of Personal Dignity
• Unrelated to Emotions
• Universal Philosophy

7. NEEDS OF BUSINESS ETHICS

8. POSITIVE IMPACT OF BUSINESS ETHICS
FOCUS
ENTHUSIASM
FAIRNESS
CREATIVITY .
RESOURCES
FRIENDSHIP
FUN

9. CONCLUSION
Ethics gives the business an accurate overview of how well its operations
comply with Total’s principles and how well it is satisfying its internal and external
stakeholders. Company is a legal person; therefore it needs to work in a socially
responsible manner. Therefore, every responsible and quality business believes in
following business ethics.
In short, the above lines give a brief insight into the concept of business ethics. It
should be implemented and observed by the management, followed by the
employees, and with proper consideration of the customers, a business can
achieve long term success with business ethics. The more inclined a business is
towards ethics, the more trust of the customer, and more longevity of the business.

10. THANKS..!