Business ethics calicut university pdf

  • Why is business ethics important in BBA notes?

    Helps in making better business decisions
    Business ethics plays a significant role in making better business decisions.
    By laying down certain rules and regulations, the business has to follow them in the various operations.
    A business maintains social values and moral principles through these ethics..

Managing is essential in all organized co-operation, as well as at all levels of organization in an enterprise. It is the function performed not only by 

Why should ethics offices be established?

Ethics offices are to be established to communicate and implement ethics policies among employees of the organization.
For this purpose an ethics officer is to be appointed.
The ethics officer should develop a reputation for credibility, integrity, honesty and responsibility through establishment of such ethics monitoring bodies.

What are the requirements for introducing business ethics?

The businessmen must accept business ethics on their own

Business ethics must be like self-discipline

It must not be enforced by law

Requires education and guidance: Businessmen must be given proper education and guidance before introducing business ethics

The businessmen must be motivated to use business ethics

What are the three parts of Business Ethics?

There are three parts to the discipline of business ethics: personal (on a micro scale), professional (on an intermediate scale), and corporate (on a macro scale)

All three are intricately related

Honesty requires a commitment to telling the truth, regardless of theconsequences. It encourages trust among colleagues and betwee…

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