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Origin of the word Ethics

Origin of the word Ethics. The word ethics comes from a Greek word “Etho” Which means character, behavior and custom. Nature of Morality. RIGHT. WRONG. Why to study Ethics. Answer all these questions in just yes or no :

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Origin of the word Ethics

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  1. Origin of the word Ethics The word ethics comes from a Greek word “Etho” Which means character, behavior and custom.

  2. Nature of Morality RIGHT WRONG

  3. Why to study Ethics Answer all these questions in just yes or no: 1:You did not help a person who met with an accident in front of you and was lying on the road waiting for someone to give him assistance? 2:Have you ever bribed someone for getting your work done? 3:Have you ever discriminated someone because of his caste, creed, gender or any other thing? If the answer of any of the above mentioned points is yes then my friend its time for you to learn ethics:

  4. Business Ethics • By business ethics we mean the study of right and wrong (good and bad) human conduct in business. Examples……. • would it be right for a store manager to break a promise to a customer and sell some hard to find merchandize to someone else. • Would it be right not to hire a person on the base of religion, color, nationality etc. • Promotinga person purely on his competencies.

  5. Importance of business ethics • Good image: Business conducted on ethical bases enjoy good image. • Balance the needs and wishes of stakeholders: Business ethics requires businesses to think about the impact of its decisions on people or stakeholders who are affected by those decisions. • Employee Retention: A successful Business Ethics program establishes a culture where fair rewards system prevails. • Setting the Example:Ethical Business Practices points out that businesses demonstrating the highest ethical standards are also the most profitable and successful.

  6. PERSPECTIVES ON ETHICS Ethical Issues require Persons or Organizations to choose an Action that may get judged as right or wrong Classifications of Business Ethical Issues • Conflicts of Interest • Fairness and Honesty • Communications • Organizational Relationships

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