contents :- *what is business ethics *scope of business ethics

1. Akshaya Sankar

2. "Business ethics is the study
of business situations,
activities, and decisions where
issues of right and wrong are
addressed.“- Andrew Crane
What is Business Ethics ?

3. .
*Business ethics refers to moral principles
and social values that business should
adopt in its code of conduct. It applies to
all aspects of business conduct and is
relevant to the conduct of individuals and
entire organizations .
*Business Ethics is the set of moral rules
that govern how businesses operate, how
business decisions are made , how
employees are treated and how they serve
the customers

4. Scope of Business
Ethics

5. • Ethics in compliance
 Business ethics play an efficient role in the
compilation of business activities with legal rules and
regulation.
 It ensures that business adheres to all established
laws and any of its operations don’t go unlawful.
 It reduces any chance of facing any unfavorable
action by authorities like payment of fines and
penalty.
 Business following ethics in their operations frames
strategies and policies in accordance with established
rules and regulations.
 All activities are monitored and ensured that they go
in accordance with framed policies.

6.  Ethics helps in improving the employer-employee
relations and overall productivity of the business.
 Ethics related to human resource are introduced and
implemented by Human resource management in
business.
 HRM covers all ethical issues related to employer-
employee affecting their relationship.
 The various issues covered are Discrimination issues,
sexual harassment, employee’s privacy issues, salaries
and wages issues, safety and health issues
 . Ethics aims at overcoming all these issues so that
employees are happy and motivated towards their roles.
 This booms the overall performance and reduce the risk.
• Ethics in Human Resource

7.  Finance is a crucial part of every business and is
needed for its successful operations.
 Finance should be properly managed by every
business otherwise it may have adverse effects.
 Ethics aims at controlling and handling all finance
issue faced by companies and employees.
 The various ethical issues included are
accounting related like window dressing and
improper window dressing, insider trading, fake
reimbursements, overbilling, bribery, kickbacks
etc.
• Ethics in Finance

8.  Ethics in business helps in monitoring and controlling the
overall production activities.
 It ensures that production processes do not adversely affect
the business.
 Ethics frames production policies by considering
organization goals, objectives and various environmental
factors.
 The various ethical issues covered are defective and
dangerous products, environmental ethics and pollution
issues, Issues arising out of new technologies and product
testing issues.
 Implementation of ethics controls these issues and fosters
overall productivity.
• Ethics in Production

9.  Marketing is an important part of every business
organization.
 It is the means through which it improves the sales
and profitability of the business.
 Marketing practices should be ethical and should
avoid the adoption of any unfair means.
 Implementation of ethics ensures that all marketing
programmes are moral-ethical.
 The various ethical issues covered are pricing issues
like price discrimination and price skimming,
misleading advertisements, black marketing, anti-
competitive practices, wrong advertisement content
etc.
• Ethics in Marketing