business ethics importance. code of conduct. Why managers behave ethically. common misconduct in organisation. ethical practices and unethical practices. ethics for managers and finally conclusion.

1. Business
Ethics

2.  Ethics is a ‘branch of philosophy’ which is the
systematic study of selective choice of the
standards of right and wrong.
-Philip Wheel Wright

3. Business Ethics
 Business Ethics is the application of general
ethical ideas to business behavior.
 Business Ethics defines right or wrong
behavior in the world of business.

4. Who is responsible for creating
ethics in the organization?
 A company’s manager plays an important role in establishing
its ethical tone.
 If the manager behaves as if the only thing that matters is
profit, employees are likely to act in a like manner.
 A company’s leaders are responsible for what is and is not an
acceptable employee behavior.
Is vital for managers play an active role in creating a work
environment where employees are encouraged and rewarded for
acting in an ethical manner.

5. CODE OF CONDUCT & ETHICS FOR
MANAGERS
Integrity
Impartiality
Responding to the public interest
Accountability
Honesty
Transparency

6. Why Managers Behave Ethically
Most of Us:
1. To avoid some
punishment.
2.To receive some
reward.
Many of Us:
3. To be responsive of family,
friends, or superiors.
4. To be a good citizen.
Very few of Us:
5. To do what is right, pursue
some ideal, such as justice.

8. Importance of business ethics

9. Importance of business ethics

10. Importance for students
Studying business ethics will help the students to take
business decisions. Studying business ethics changes
outlooks and influences behavior. It will help to make
improvement in the reputation of the business

11. Common misconduct in
organization
 Employees lying to supervisor
 falsifying records
 Misuse of organizational assets
 Management lying to employees and customers
 Stealing/ Theft

12. Ethical
Practices
Unethical
Practices
1. Having moral
values
2. Fair prices
3. Fair wages
1. Tax loopholes
2. Dumping
toxins
3. Over-billing

13. CONCLUSION
 Problems with the Unethical Business
Practices
{1,2,3………………………………………………………
…………..n}
 Problems with the ethical Business
Practices {-}
 A business or society that lacks
ethical principles is bound to fail sooner
or later.
 So Ethics are important not only in
business but in all aspects of life.