Ethics in Business
TAITA TAVETA UNIVERSITY COLLEGE
(A constituent college of JKUAT)
NELSOON OGUDHA OWINO
HD:231-C001-0040/2011
BUSINESS ETHICS
ASSIGNMENT DUE ON 15TH July, 2013.
TO MR PANUEL.
QUEST:A case on business finance is clear and persuasive.
Business Ethics refers to written and or unwritten accepted code of conduct, principles,virtues and values that govern decision making and actions within an organization.
Every business deals with customers of diverse traits, cultures, personalities e.t.c. therefore every organization requires a guideline on their way of dealing with the diverse community. A adaptation of a good business culture certainly increases productivity. A case in business ethics is said to be clear and persuasive as its sources, importance, and factors that affect business ethics are always definite within the external and internal setup of a business. Even though there are some myths on business ethics. * Business ethics is a new fad. * Business ethics – religion vs. management. * Business ethics is obvious – “do good!” * Business ethics is good guys preaching to bad guys.
Sources of business ethics.
Understanding the origin or sources of business ethics helps the managers and employees to learn on different ways of dealing with problems. It also helps on to have a wide perspective of situations hence an appropriate decision making. * Religion: A strong belief in a supernatural power or powers that control human destiny. This has helped in developing/origination of virtues such as justice, temperance, purity and courage. Adaptation of such beliefs helps in improving personal relationships. * Laws: A set of rules and regulation that govern a given state. Issues to do with correct standards and weights, payment of taxes etc. These are always written in the constitution of the country * Philosophy: A belief (or system of beliefs) accepted as authoritative by some group or school. Help sharpen the existing values and beliefs. *
(A constituent college of JKUAT)
NELSOON OGUDHA OWINO
HD:231-C001-0040/2011
BUSINESS ETHICS
ASSIGNMENT DUE ON 15TH July, 2013.
TO MR PANUEL.
QUEST:A case on business finance is clear and persuasive.
Business Ethics refers to written and or unwritten accepted code of conduct, principles,virtues and values that govern decision making and actions within an organization.
Every business deals with customers of diverse traits, cultures, personalities e.t.c. therefore every organization requires a guideline on their way of dealing with the diverse community. A adaptation of a good business culture certainly increases productivity. A case in business ethics is said to be clear and persuasive as its sources, importance, and factors that affect business ethics are always definite within the external and internal setup of a business. Even though there are some myths on business ethics. * Business ethics is a new fad. * Business ethics – religion vs. management. * Business ethics is obvious – “do good!” * Business ethics is good guys preaching to bad guys.
Sources of business ethics.
Understanding the origin or sources of business ethics helps the managers and employees to learn on different ways of dealing with problems. It also helps on to have a wide perspective of situations hence an appropriate decision making. * Religion: A strong belief in a supernatural power or powers that control human destiny. This has helped in developing/origination of virtues such as justice, temperance, purity and courage. Adaptation of such beliefs helps in improving personal relationships. * Laws: A set of rules and regulation that govern a given state. Issues to do with correct standards and weights, payment of taxes etc. These are always written in the constitution of the country * Philosophy: A belief (or system of beliefs) accepted as authoritative by some group or school. Help sharpen the existing values and beliefs. *