CHARACTERISTICS OF BUSINESS ETHICS
- Business ethics are the principles, which govern and guide business people to perform business functions and in that sense business ethics is a discipline
- It is considered both as a science and an art.
- It continuously test the rules and moral standards and is dynamic in nature
- It is based on theological principles such as sincerity, human welfare, service, good behavior etc.
- It is based on reality and social customs prevailing in business environment.
- It studies the activities , decisions and behavior which are related to human beings
- It has universal application because business exists all over the world
- Many of the ethical principles develop the personal dignity
- Business ethics keeps harmony between different roles of businessman, with every citizen, customer, owner and investors.
Indian Ethos and Value system
- Values can be defined as certain attitudes and beliefs that a person follows in his conduct. Those standards as per which an individual judges his own actions, whether he is right or wrong can be called as values.