'Ethics' is a Greek word meaning character; norms, ideals of friorals prevailing in a group or society. Business ethics refers to the relationship between business objectives, practices, techniques and the good of society. It is concerned with the socially determined moral principles a rich should govern business activities.
The basic elements of business ethics are
(i) Top management commitment
(ii) Publication of a 'Code'
(iii) Establishment of compliance mechanism
(iv) Involving employees at all levels
(v) Measuring results
'Ethics' is a Greek word meaning character; norms, ideals of friorals prevailing in a group or society. Business ethics refers to the relationship between business objectives, practices, techniques and the good of society. It is concerned with the socially determined moral principles a rich should govern business activities.
The basic elements of business ethics are
(i) Top management commitment
(ii) Publication of a 'Code'
(iii) Establishment of compliance mechanism
(iv) Involving employees at all levels
(v) Measuring results
