I. Ethics
Business is a complex structure of human
relationships between employers and employees,
manufacturer and consumers, managers and
stockholders, members of the corporation and
members of the communities in which those
businesses operate.
Ethics is the study of what is good or right for
human beings. It also refers to the moral
principles or values that govern the conduct of an
individual or a group.
, Ethical Issues in Business
1.Fairness and Honesty
Important ethical concerns in business.
Businessmen are expected to refrain from
deceiving, misrepresenting or intimidating
employees, customers and others.
2.Organizational Relationships
Managers should not put their own personal
welfare above the welfare of others or the
welfare of the organizations.
3.Conflict of Interest
This results when the manager takes
advantage of the position for his/her own
personal interest rather than for the
employer’s interest. Payments and gifts in any
business deals may create conflict.
Business is a complex structure of human
relationships between employers and employees,
manufacturer and consumers, managers and
stockholders, members of the corporation and
members of the communities in which those
businesses operate.
Ethics is the study of what is good or right for
human beings. It also refers to the moral
principles or values that govern the conduct of an
individual or a group.
, Ethical Issues in Business
1.Fairness and Honesty
Important ethical concerns in business.
Businessmen are expected to refrain from
deceiving, misrepresenting or intimidating
employees, customers and others.
2.Organizational Relationships
Managers should not put their own personal
welfare above the welfare of others or the
welfare of the organizations.
3.Conflict of Interest
This results when the manager takes
advantage of the position for his/her own
personal interest rather than for the
employer’s interest. Payments and gifts in any
business deals may create conflict.
