Meaning of business ethicS
"Business Ethics is an art and science for maintaining harmonious relationship with society, its various groups and institutions as well as reorganizing the moral responsibility for the rightness and conduct".
Business Ethics - Definitions
* According to Crane, "Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed."
* According to Rogene. A. Buchholz, :- Business ethics refers to right or wrong behaviour in business decisions.
Features of business ethics
1) Requires education and guidance
2) New concept
3) voluntary ( self - practiced)
4) Protection to social groups
5) Code of conduct.
6) based on moral and group values
ELEMENTS OF BUSINESS ETHICS
1.Formal code of conduct
2. Ethics committee
3. Ethical communication
4. An Ethic office with Ethical officers
5. Ethics Training Programme Pro Ethical
6. A disciplinary system
7. Establishing an ombudsperson.
8. Monitoring
Ethics in simple words is that concerned with moral dilemmas or what is right or wrong. computer ethics deals with ethics principles for computer uses.
A ethical issue:- is a problem or opportunity that requires an individual or group to choose among actions that are evaluated as ethical or unethical.
An ethical dilemma:- is a problem, situation, or opportunity that requires an individual or group to choose among several wrong or unethical actions
TYPES OF ETHICAL DILEMMA
-misuse of data
-value and goal conflicts
-manipulation
-misrepresentation
YOU CAN ALSO READ :- PYQ BUSINESS ETHICS
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