ETHICS

meaning System of moral principles, rules and conduct . The origin of this word is from ETHOS which mean character. Ethics is defined as the ability to distinguish between right and wrong and to act accordingly.
Dictionary

The Nature of Ethics

Ethics The inner guiding moral principles , values , and beliefs that people use to analyze or interpret a situation and then decide what is the right or appropriate way to behave

From Where the Ethics Comes

Religions Environment Parents and Teachers

Requirements for Ethics In Organization

Clear Vision
Open Communication Ethical Teams Commitment to ethics

Ethical Decision

Equity (justice to all )

Morally correct Good & fair to situation

Appropriate

Who is responsible for creating Ethics in an organization

the creation of an ethical organizational culture resides with leaders and followers ; leadership by nature demands that leaders be the front runners in establishing an ethical organizational culture

Managing Ethics In Business

Top Management Code of ethics Ethics Training Programs Ethics and Law

Importance of Ethics in Business

o Ethics

corresponds to basis human

needs o It creates credibility with the public o It gives management credibility with the employees o It helps in better decision making o Law cannot protect society, but ethics can.

Social Responsibility & Ethics

Corporate social responsibility (CSR) is: An obligation, beyond that required by the law and economics, for a firm to pursue long term goals that are good for society The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as that of the local community and society at large About how a company manages its business process to produce an overall positive impact on society

CSR
There are four dimensions of corporate responsibility

Economic - responsibility to earn profit for owners Legal - responsibility to comply with the law (societys codification of right and wrong) Ethical - not acting just for profit but doing what is right, just and fair Voluntary and philanthropic - promoting human welfare and goodwill Being a good corporate citizen contributing to the community and the quality of life

Conclusion
In order to Win the game, you need to plan. To plan, information is imperative. Get it through legal and ethical means. Its fact that to win consistently, you need to play by rules. In life, play hard and play fair.

Contd
In life and Business, Ethics Standard Must be Set, Ethics Standard Must be Met.