MARGIELYN T.

UMBAO
BSA 3
BUSINESS ETHICS
Study of proper business policies
and practices regarding potential
controversial issues

concerned with the day-to-day

behavior standards of individuals
and organizations.
 Standards or principles of conduct
used to govern the behavior of an
individual or group of individuals.
Generally concerned with questions
of right and wrong or with moral
duties.
 Ethical Standards can be
developed by an individual,
a group of individuals, or
society.
 LAWS
Ethics formalized
by a society
Usually concerned
with principles of
conduct.
 ORGANIZATIONAL ETHICS
Generally deal more with the
behavior of individuals or
groups of individuals not
covered by the law.
PREAMBLE
This Code of Ethics has been
formulated impelled by the belief
that man has a dignity that must be
respected, and that all the
resources of the earth have been
created for his growth and
development.
 This Code is considered as a
major step in the on-going and
changing process of
understanding the growing role
of business activity in the
development of man, as such, is
open in further improvement.
CODE OF ETHICS
is a guide of principles designed to help
professionals conduct business honestly and
with integrity. A code of ethics document may
outline the mission and values of the business
or organization, how professionals are
supposed to approach problems, the ethical
principles based on the organization's core
values and the standards to which the
professional is held.
I. Thou shalt not bear false witness in the
books and records of thy employer.
II. Thou shalt not play games with
numbers.
III. Thou shalt speak the truth to thy boss,
even though he may not want to hear it.
IV. Thou shalt rattle on thy neighbor when
he is doing something wrong.
V. Thou shalt keep thine eyes wide open.
VI. Sin not, nor help thy brother to sin, for
thou art thy brothers keeper.
VII. Thou shalt not have two masters
thy boss and thyself.
VIII. Thou shalt not seek to profit by use
of thy employers confidences.
IX. Honor thy father and thy mother and,
in addition, thy auditors.
X. Obey the real Ten Commandments.
 Seeks to express systematically and
coherently the principles of business
practices accepted and professed by
Philippine business and its best, and seeks to
apply these to current and changing needs.
Serve as a general stimulus to renew and
develop or amend existing standards, and
that individual entities will expand and
adopt it to the specific needs of their own
organizations.
 A general code intended to be influential rather than
coercive.
Individual entities will consciously adopt and embrace it
as a statement of principle and having done so, will be
unwilling to incur the sanction of adverse public opinion
through failure to live up the code.
A code for all people, formulated on the premise that
the modern manager must be a strategist for human
development, and that the rationale of business is to
build an enterprise oriented in the development of
man.
 The owners, management, the work force,
the suppliers and subcontractors, the
customers, and government contribute to
the performance of the business
enterprise, and are therefore entitled to
receive the proper worth of their
contributions.
 The resources employed by a business
enterprise are financial, technological and
human. The human resources have a
unique quality and should be employed
in a manner consistent with personal
dignity.
 Business enterprise has a public
responsibility to use all its resources
efficiently. Profit in a system of free
enterprise is recognized as a fundamental
incentive, and is necessary for the
maintenance and growth of enterprise,
for raising the quality of life, and for
helping meet the broader needs of
society.
 Competition and inventiveness are
essential for the maintenance and
continuing improvement of the
quality of goods and services, for
growth and for technological
progress.
 In business, as in any other
institutions of society, any right or
authority enjoyed by or entrusted to
business presupposes, and is
justified by, corresponding duties,
responsibilities, and performance.