Submitted By :

Annie Sophia A.
І M. Com ‘B’ section
 Introduction to Business Ethics
 Meaning and Definition of Business Ethics
 Examples
 Origin of Business Ethics
 Arguments For Business Ethics
 Arguments Against Business Ethics
 Conclusion
 Reference
 Business Ethics is the value an individual
uses to interpret whether any particular action
or behavior is consider right or wrong.
The term “Ethics” is derived from the Latin
word “Ethics” and Greek word “Ethos” which
means character, norms, ideals or morals.
Ethics is a subject of social science which
deals with moral principles and social values.
 Business Ethics is the written and unwritten
principles and values that governs the
decisions and actions within companies.

Definition
According to Andrew Crane, ” Business Ethics
is the study of business situations, activities
and decisions where issues of right and wrong
are addressed”
 Ensuring fair trade practices
 Using proper weighing measures
 Giving fair treatment to workers
 Earning reasonable profits
 Over billing customers
 Dumping toxins into air or water
 Prescribing unnecessary medical procedures
 Manipulating accounts
Interest in business ethics accelerated dramatically during the
1980s and 1990s, both within major corporations and within
academia.
The term 'business ethics' came into common use in the United
States in the early 1970s. By the mid-1980s at least 500
courses in business ethics reached 40,000 students, using
some twenty textbooks and at least ten casebooks supported
by professional societies, centres and journals of business
ethics. The Society for Business Ethics was founded in 1980.
European business schools adopted business ethics after
1987 commencing with the European Business Ethics
Network. In 1982 the first single-authored books in the field
appeared.
Firms began highlighting their ethical stature in the late 1980s
and early 1990s, possibly in an attempt to distance
themselves from the business scandals of the day, such as
the loan crisis etc., and its origin in the academy is found, in
academic writings and meetings and in the development in
the field of academic teaching, research and publications.
 Ethics applies to all human activities
 Business cannot survive without ethics
 Ethics is consistent with profit seeking and also
studies suggest ethics does not detract from
profits and seems to contribute to profits
 Ethics contributes to the growth of employee
commitment
 Ethical conduct attracts customers builds
customer trust and loyalty, there by boosting
sales and profits
 Internal ethics make company favorable for
employees
 Ethical standards help to create a desirable
image, which will attract investment and
reliable partnership and also contributes to the
growth of company’s share profit
 THE MILTON FRIEDMAN ARGUMENT
 The ethical duty of business people is to
maximize profit
 So the should study business and may be law
not ethics
THE ARGUMENT FORM INCENTIVES
o Business people do what’s good for them
o Encourage ethical behavior by adjusting
incentives
o Thus ethics instruction is irrelevant
 THE GUT FEELING ARGUMENT
 Ethics is something you feel, not something
you think about
 The values are based on personal preference,
tastes, etc.,
THE MORAL DEVELOPMENT ARGUMENT
 Moral character is formed in early childhood
 By college age, it is too late to change
 So ethics instruction serves no purpose
THE MOTIVATIONAL ARGUMENT
 Business students don’t want to study ethics
 They would rather spend time taking finance
courses or interviewing with more companies
 In spite of the arguments against business
ethics, the emerging society is bound to be an
ethical society with all its responsibilities and
values. Ethical consideration like finance,
quality, logistics, marketing and customer care
are actively practiced. Efforts are made to
incorporate values in all decision making
polices. The experiments with new approaches
are increasingly introduced from the top
management.
 http//: wikipedia.org
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