Importance Of Business Ethics Project

Importance of Business Ethics. Content. Introduction. Business Ethics. Foundations of Ethical Behaviour. Business Ethics. The Role of Organisational Ethics in Performance. Ethics Contributes to Employee Commitment. Ethics Contributes to Investor Loyalty. Ethics Contributes to Customer Satisfaction. The myths of business ethics. Summary. Concluding Remarks. Thank you!

Ethics concern an individual’s moral judgment about right and wrong.

Why is it important? Employee commitment; Investor and customer loyalty and confidence; Legal problems and penalties; Customer satisfaction; The ability to build relationships with stakeholders; Cost control; Performance, revenue and profits; Reputation and image.

Comes from employees who believe their future is tied to the organisation’s Are willing to make personal sacrifices for the organisation.

Ethics can‘t be managed Business ethics and social responsibility are the same Our organization is not in trouble with the law, so we are ethical Our employees are ethical so we do not need attention to business ethics Managing ethics in the workplace has little effect.