Work ethics demonstrate many things about whom and how a person is. This involves attitude, behaviour, respect, communication, and interaction how one gets along with others. It includes not only how one feels about their job, career or vocation, but also how one does his/her job or responsibilities. Unethical behavior can even break the law in some situations. Unethical behavior can occur in the relationships between employees, in the way an employee goes about his business or how he uses company resources. Unethical behaviour in the workplace can be defined as any action that does not conform to the standards of conduct established by the organization. State the features of business ethics.Ĭode of conduct, Based on moral and social values, Gives protection to social groups, Provides basic framework,Voluntary,Requires education and guidance, Relative term Practicing business ethics can contribute to the growth of your company in many ways including public relations, employee productivity, investment and even employee retention.Ħ. What business ethics can contribute in business? The business man must promise that he will not harm knowingly.”ĥ. Baumhart,”The ethics of business is the ethics of responsibility. It must recognize that our lives are an end in themselves, and that sacrifice is not only not necessary, but destructive.Īccording to Andrew Crane,”Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed.”Īccording to Raymond C. It must include our relations to others, and recognize their importance not only to our physical survival, but to our well-being and happiness. A system of ethics must further consist of not only emergency situations, but the day to day choices we make constantly. It is arrived at by an examination of man’s nature, and recognizing his peculiar needs. This is our ultimate standard of value, the goal in which an ethical man must always aim. This standard is our own lives, and the happiness which makes them liveable. What are the key elements of a proper Ethics?Ī proper foundation of ethics requires a standard of value to which all goals and actions can be compared to. Any flaw in our ethics will reduce our ability to be successful in our endeavours.ģ. To the degree which a rational ethical standard is taken, we are able to correctly organize our goals and actions to accomplish our most important values.
Even with an ethical standard, we may be unable to pursue our goals with the possibility of success. There would be no way to work towards a goal because there would be no way to pick between a limitless numbers of goals. Without it, our actions would be random and aimless. It is our means of deciding a course of action. Do we pursue our own happiness, or do we sacrifice ourselves to a greater cause?Įthics is a requirement for human life. At a more fundamental level, it is the method by which we categorize our values and pursue them. It answers the question, “What do I do?” It is the study of right and wrong in human endeavours. PART A QUESTIONS WITH ANSWERS AND PART B QUESTIONS Unit – IĮthics is the branch of study dealing with what is the proper course of action for man. DEPARTMENT OF MANAGEMEMENT STUDIE REGULATION 2013īA 7402- BUSINESS ETHICS AND CORPORATE GOVERNANCE