Definition..

● Ethic : Refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness etc.

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→Ethics has to do with what my feelings tell me is right or wrong.

→Ethics has to do with my religious beliefs.

→Being ethical is doing what the law requires.

Question

“Being ethical is the same as whatever society accept.”

Definition...

● Business: An organization or economic system where goods and services are exchanged for one another or for money.

Definition...

● Business Ethics: Moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business.

Business Ethics - Honesty

● Honest business practice inspires both staff and customers to respect your business.

For example - Honesty

● In this definition integrity means having a consistent character that is demonstrated by an alignment of your thoughts, words and action. These must influence on the way you do business.

Business Ethics - Integrity

“ How much profit is made ? ”“ How profit is made ? ”

Business Ethics - Loyalty

● You need to be loyal to both your company, your team and yourself, while operating within a strong moral compass. If you demonstrate your loyalty it builds trust, and shows that you place a high value on advancing the interests of both the company and your colleagues.

For example - Loyalty

Business Ethics - Respect & Caring

● Being ethical means treating everyone with respect, demonstrating this by having an equal treatment of people regardless of who they are.

● An ethical business manager is caring, benevolent and kind to both customers and staff, and seeks to reach their goals while causing the least amount of harm and the greatest amount of good.

For example, Respect & Caring

Business Ethics - Accountable

● Being ethical means holding yourself accountable, and acknowledging and accepting personal accountability for their decisions, and any consequences. Not just personally, but an ethical manager will stand up and take accountability in front of their colleagues, their company, and the community.

Benefits of being Ethical in Business

● A higher moral within your employees and the

organization.

● It helps to attract new customers.

● It builds higher customer loyalty.

● It reduces the risk of negative press or backlash caused by

doing “the wrong” things.

● It helps to make a positive impact on the community.

Business Ethics Real World Examples

Google Green Program, the company has donated over $1 billion to renewable energy projects, and has decreased its own footprint by using energy efficient buildings and public transportation.

Business Ethics Real World Examples

The tech company and its employees donate over $1 billion yearly to non-profit organizations.

Business Ethics Real World Examples

Business Ethics Real World Examples

STEM (science, technology, engineering, and mathematics) education for young people.

Business Ethics Real World ExamplesMcDollars...

McGreedy...

McCancer...

McMurder...

McProfits...

McGarbage...

Business Ethics Real World Examples

Nestle is one company that epitomizes poor business practices, not to

mention poor life practices.

Business Ethics Real World Examples

The search to drive down costs very often leads to poor product quality, and puts end users at risk, leading to a strong case of bad business ethics.

Business Ethics Real World Examples

"Bigger is Better" does not seem to hold true when it comes to ethics.

Thank you for your attention

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