The
Term
Ethics
derieved from greek
word Ethos which
means Character.
Ethics
is a social
science which deals
with concepts such as
right
and wrong,
moral
and
immoral,good
and
bad etc.
Behavior of Dealing
with one another
MEANINGS
Business Ethics deals with morality in
the business.it is a system of moral principles
and values applied to business activities.this
means the business activities should be
conducted according to ethics or moral
standards.
Defination
According to wheeler,
Business Ethics is an art or science
of maintaining harmonious
relationship with society,its
various groups and institutions
as well as reorganising for right
or wrong of business conduct.
Defination
As per Investopedia
Business ethics are implemented in
order to ensure that a certain required
level of trust exists between
consumers and various forms of
market participants with businesses.
For example, a portfolio manager
must give the same consideration to
the portfolios of family members and
small individual investors. Such
practices ensure that the public is
treated fairly. .
HAVING MORAL
VALUES
FAIR PRICES
FAIR WAGES
NO VALUES NO
ETHICS
SHORT WEIGHTS
AND MEASURES
SUPPY INFERIOR
QUALITY
Corporate Governance
To
provide
the
maximum
happiness
for
the
- Ayodhya Kand
1)
2)
Impact of Globalization
Integration with Foreign Market
Foreign Investors expectations
New Business Opportunities --- IT & ITES, BPO etc.,
New Capital formation FII, FDI
3)
Impact of Privatisation
New structure of ownership
Multinational Companies
CONCLUSION
GOOD ETHICS IS
GOOD BUSINESS