Complete knowledge on the relation of Ethics from a Business perspective. Go through the slides and learn how business relates to modern business. #business ethics

1. Ethics in Business?
A. Rukhaiyar Entrepreneur, Consultant

2. Business Ethics
• Ethics defines as a system of moral
principles, rules and conduct.
• Business Ethics is the study of
business situations, activities, &
decisions where issues of right and
wrong are addressed for the given
situation.

3. Characteristic
Trade off B/w
Economic Objectives V/s SocialObligations
(Society, People, Environment)
Each Business requires to maintain
Basic Ethical standards, such as
(Honesty, Trustworthiness and Co-operation)

4. Ethics & Morals
Differences:
Ethics same for All (Max Good by a Person for Max Persons)
Moral Different for Different person
Varies on (Person, Place, Times, Environment)
Ethics: Right or Wrong | Small Scale | Group or Authority | Situation Leading to ethic.
Morals: Good or Bad | Wider Scope | Personal Character | Social Norms, Values,& Beliefs.

5. Ethics! & Law
Law is the codification of Ethics into specific social rules,
regulations, and proscriptions in most of the times.
Law says more - “What NOT to do” rather than “what to do”
Beyond LAWS - ETHICS leads - Cause Codification of LAWS- for
taking better DECISIONS.

6. Importance of Business Ethics
1 2 3
1 2 3 4

7. continued..
6 7 8
5

8. GLOBALIZATION
AND
ETHICS

9. Globalization:
It’s a Process which diminishes
the necessity of a common and
shared territorial basis for
Social, Economic, and Political
Processes, and Relations.

10. Relevance of
Business Ethics in
Market Globalization. Tip
Global communications,
global products, global
financial systems and
market are the
examples Globalization.

11. Major Issues
• Cultural issues
• Legal issues
• Accountability issues
• Insecurity between Stakeholders

12. When a company equals to
a country’s Economics
But a company is accountable for
his stakeholders and country for
all citizens.
Each country have
different Legal system
Labour Laws, Production
banning, Child Pronography.
Cultural Issues
Each country have
different cultures
Eg. Semi Nude Ads, Child Labour
Ads.
Legal Issues
Accountability Issues

13. Sustainability:
Key Goal of
Business Ethics What is Sustainability?
Sustainable Development is a
long-term maintenance of
systems according to
environmental, economic and
social considerations.

14. 2
Universal primary
education
4
Reducing child mortality
and Improve
maternal health
1
Eradication of poverty and
hunger
3
Gender equality and women
empowerment
5
Combat diseases such as
HIV/AIDS
6
Environmental sustainability
and global partnership for
development
Role of Sustainability:

15. Triple Bottom Line Theory
by
John Elkington Why Sustainability
Required?
The needs of future
generations
Intergenerational equity and
Ethics in action at each
business decision

16. 3 Lines
Profit
Translate has
officially inspired
me to learn
French
Abby Author, NYC
People
No Child Labour
Fair Salary + Working Hours +Good
Working Environment.
Good Health care and Education
Create Report on Social Impacts
on society.
Planet
Reduce carbon foot Prints by
managing consumption of energies
Dispose Manufacturing waste in
Legal & Safer manner.
Assessment on True Environmental
cost of the product.
Economics Values (People)
Environmental Values (Planet)
Social Values (Profit)