Name : Gabriella Umboh

NIM : 19042021
Class : Management A

Hello my name is Gabriella Umboh, I’m going to talk Business Ethics. My presentation will be in four
parts
1. Definition of Business Ethics
2. Principle of Business Ethics
3. Why is Business Ethics Important ?
4. The purpose of Business Ethics
My presentation will take about 5 to 10 minutes, After my presentation there will be time for a
discussion. That’s all for the introduction, now let’s move to the first part of my talk, which is about
Business Ethics. Now let’s start with Definition of Business Ethics
1. Definition of Business Ethics
Ethics means the set of rules or principles that the organization should follow. While in
business ethics refers to a code of conduct that businesses are expected to follow while doing
business. Through ethics, a standard is set for the organization to regulate their behavior. This
helps them in distinguishing between the wrong and the right part of the businesses.
The ethics that are formed in the organization are not rocket science. They are based on the
creation of a human mind. That is why ethics depend on the influence of the place, time, and
the situation. Code of conduct is another term that is used extensively in businesses
nowadays. It is a set of rules that are considered as binding by the people working in the
organization. Business ethics compromises of all these values and principles and helps in
guiding the behavior in the organizations. Businesses should have a balance between the
needs of the stakeholders and their desire to make profits.
That’s all about the first part of my talk. Next move on to the second part which is about Principle of
Business Ethics
2. Principle of Business Ethics
There are 10 principal of business ethics that I will discuss
i. Honesty: an ethical director, manager or executive must be honest and truthful in all
his or her dealings. They should never purposefully mislead or deceive other people
by overstatements, partial truths, misrepresentations, selective omissions, etc.
ii. Integrity: ethical executives demonstrate the courage of their convictions and
demonstrates personal integrity by doing what they believe to be the right thing,
regardless of pressures to do otherwise. They are honorable, principled and upright,
and will defend their beliefs. Principle is never sacrificed for expediency, they are
never unscrupulous or hypocritical.
iii. Trustworthy & a Promise-Keeper: they are worthy of trust. Ethical executives are
forthcoming and candid in explaining things with the relevant information and
correcting misstatements. They try as hard as they can to keep to the letter and
spirit of their commitments and promises.
iv. Loyalty: they are loyal to individuals and institutions by support and devotion to
duty and friendship in adversity. They do not exploit a situation by disclosing
information they learned in confidence. They are extremely careful not to be
affected by conflicts of interest. They are extremely loyal to their companies and
work colleagues.
 v. Fairness: they are just and fair in all their dealings. They never exercise power to
arbitrarily. They do not use indecent means to gain an advantage or exploit other
people’s mistakes for their own benefit. They are committed justice and the equal
treatment of people. They are willing to admit they are wrong.
vi.  Compassion and Empathy: ethical executives are compassionate, empathetic,
benevolent, kind and caring. They strive to achieve their business goals and targets
in a manner that causes the least harm and the greatest positive good.
vii. Respect: they demonstrate total respect for the human rights, dignity, autonomy,
interests and privacy of everybody who is affected by their decisions. They are polite
and treat everybody with equal respect and dignity regardless of nationality,
national origin, race or sex.
viii.  Law Abiding: they respect and abide by the laws, regulations and rules of the
marketplace.
ix. Leadership: they aim to be positive ethical role models. They are aware of the
responsibilities and opportunities of their position of leadership – they aim to create
an environment in which ethical decision-making and principled reasoning are highly
prized.
x.  Reputation & Morale: they aim to build and maintain the company’s good
reputation as well as the morale of its workforce. They avoid becoming involved in
conduct that may undermine respect and will take all actions necessary to prevent
the inappropriate conduct of others.

That’s complete about principle of business ethics, and now let’s discuss Why is Business Ethics
Important

3. Why is Business Ethics Important

There are three reason why is Business Ethics Important, let’s start with the first reason

i. Ethics Improves Your Business Reputation

Business ethics help ensure a good reputation for your company. Not only does it
feel good to be part of a company with a great reputation, but it’s great for business.
When you have a reputation for consistently being ethical in how you source and
build products, and treat employees, customers and the community, more people
will want to do business with you. Even social media ethics is important for your
reputation.

ii. Business Ethics Help You Retain Top Talent

Good ethics at a business start at the top. If you’re a business owner or manager, it’s
important to lead by example. When employees see you make ethical choices, it lets
them know that they can have confidence in the company; they  know that you’ll do
right by them and your customers. This boosts morale and as word spreads about
how you treat employees well, you’ll draw in good workers. Having strong employee
retention rates will help you save money over time on recruitment costs and
training.
iii. Limit Risk with Good Business Ethics
Businesses that practice good business ethics face less risk for fines and other legal
trouble. Sure, the law and regulations are complicated, but a lot of trouble can be
avoided just by doing what’s morally right. If business decisions are made with that
in mind, you can save the stress of having to defend your company against lawsuits
and fines.
That’s all about Why is Business Ethics is Important, so now we arrived to the last part which is
about The Purpose of Business Erhics
4. The Purpose of Business Ethics
The purpose of business ethics is to enable you to make responsible decisions. Maintaining
highly ethical behavior when running a business can provide benefits to all your stakeholders

That’s all i want to say about Business Ethics