Presented By:

Kirti Gupta

MBA-1 Roll no.

49055

Presentation on importance of business ethics for managers and organizations

Ethics deals with morality in the business. It is a system of moral principles and values applied to business activities. This means the business activities should be conducted according to ethics and moral standards

Meaning

A company’s manager play an important role in establishing its ethical tone. If manager behaves as if the only thing that matters is profit, employees are likely to act in a like manner. A company’s leaders are responsible for what is and is not acceptable employee behavior. Is vital for managers to play an active role in creating a work environment where employees are encouraged and rewarded for acting in an ethical manner.

Who is responsible for creating ethics in the

organization

Importance of business ethics

For Managers Develop critical thinking techniques. Establish personal values Helps to avoid criminal acts

Importance of business ethics

For OrganisationProfitability GoodwillImproving consumer and investor confidence Survival of heated competition Business becomes concious of social responsibilityCultivates employee teamwork

Studying business ethics will help the students to take business decisions. Studying business ethics changes outlooks and influences behavior. It will help to make improvement in the reputation of the business

Importance for students

Unethical

Ethical1. Having

moral values2. Fair prices3. Fair wages

1. No values no ethics

2. Competitive threats

3. Inferior quality

Employees lying to supervisor falsifying records Misuse of organizational assets Management lying to employees and customers Stealing/ Theft

Common misconduct in organization

Develop a code of ethics Set good ExamplesCreate open lines for communication Educate employees Treat Ethics as a process

Ethical tips For Organizations and

managers

You need to get every member of your organization committed to a set of high ethical standards. As a manager or the business owner, you need to clearly define and communicate to your employees the consequences of being unethical, and the set of standards you want them to adhere to.

Conclusion