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Introduction To Business Ethics
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The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards. In Anglo Americanās case, this is called āGood Citizenshipā.
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Contents Introduction Meaning and definitions of business ethics Sources of business ethics Characteristics of business ethics Importance Principles of business ethics Introduction Business is a part of society and its functions in the society. It is the application of ethics to business. It is the study of good and evil, right or wrong and just and unjust actions of businessmen. Every business should be guided by ethics. Ethics helps to survive and succeed their ventures. Meaning and definition It refers to the āmoral principles which are considered right by the society. It is the study of morality. These are the moral principles and rules of conduct which govern and guide the activities of business. According to David Fritzsche, āit is the process of evaluating decisions, either pre or post, with respect to the moral standards of societyās cultureā. The institute of global ethics defines, āthe term ethics as obedience to the unforceableā. Sources of business ethics Religion Culture experience Legal system Characteristics/features of business ethics
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