CHAPTER 19
Business Ethics
CHAPTER OUTLINE
• Relevance of Ethics in Business
• Benefits of Ethical Business
• Importance of Business Ethics
• Inculcating Values in Management
• Categories of Business Values
• Need for Ethics in Global Change
• Impact of Globalisation on Business Ethics
• Business Ethics as Competitive Advantage
• Case
• Summary
ETHICS AND VALUES
Some say ‘Knowledge is Power’. I believe that actual power lies in the character of a person. Human and ethical values constitute the ‘wealth’ of a character. Ethics is nothing but the degree of faith that one bestows upon oneself. Ethics involves learning ...
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