Understanding Business Ethics and Its Importance in Today's World
Business ethics encompass the moral principles that guide behavior in the business world. Upholding ethical standards helps in making sound decisions and maintaining a positive reputation. This includes principles like honesty, financial integrity, and adherence to legal frameworks. The essence of ethical behavior lies in aligning business practices with moral values and societal norms, ultimately ensuring sustainable and responsible operations.
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BUSINESS ETHICS Jabalpur January 22, 2022
BUSINESS ETHICS THE DEFINITION An ethic is a moral principle or set of moral values held by an individual or a group. Ethical behaviour is behaviour which is considered to be right and moral. Business ethics are the values and principles which operate in the world of business. They form the moral framework of the business.
BUSINESS ETHICS A MUMINS FRAMEWORK Principles: 1. Raaziq Allah TA chhe 2. Maru rizq likhelu chhe 3. Maru rizq koi bisru nahi lai jai 4. Koi bisra nu rizq mei nahi lai saku Al Fiqh Moula TUS ni khushi Legal Frame work Business Norms
WHY BUSINESS ETHICS Business ethics help businesses decide what directions/actions are right/wrong or to take/not to take in certain circumstances. Reputation vs
SUMMATION Spiritual Religious Quality business / processes Honesty product / process Financial cash Association attitude Rules of the land
