Importance of business ethics ppt

  • What is the importance of ethics in your business?

    Business ethics enhances the law by outlining acceptable behaviors beyond government control.
    Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers..

What are the benefits of Business Ethics?

BUSINESS ETHICS Ethics Contributes to Customer Satisfaction Customer satisfaction is one of the most important factors in successful business strategy.
Benefits of Business Ethics Increase Efficiency Greater Employee Commitment Increase Investor Confidence Improved Customer Satisfaction Better Financial Performance .

What is the structure of Business Ethics?

Nature of business ethics Business ethics has a five part structure:

  • 1.
    The specification of moral judgment 2.
    Moral judgment and the moral standard 3.
    Justification of moral judgment 4.
    Logical reasoning and moral judgment 5.
    Moral judgment and moral responsibility .

    • Why do we care about ethics in our lives?

    In our professional lives, ethics guides our interactions with customers, clients, colleagues, employees, and shareholders affected by our business practices ( Figure 1.1 ).
    Should we care about ethics in our lives? .


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