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    Factors Influencing BE

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    cecil
    This document discusses factors that influence business ethics, including personal code of ethics, legislation, government rules and regulations, a company's ethical code, social pressures, and the ethical climate of an industry. It explains that each of these factors can significantly impact the ethical decisions that managers make. A personal code of ethics is the foremost responsible factor for a person's behavior, and legislation is enacted when businesses become too unethical. Government regulations provide guidelines for acceptable standards. A company's reputation is endangered by unethical behavior, so most companies have specific ethics guidelines. Social pressures and consumer indifference can influence a company to adhere to business ethics strictly. To retain its position, a firm must strictly follow ethical codes like other firms in its competitive

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    Factors Influencing BE

    Uploaded by

    cecil
    398 views10 pages
    This document discusses factors that influence business ethics, including personal code of ethics, legislation, government rules and regulations, a company's ethical code, social pressures, and the ethical climate of an industry. It explains that each of these factors can significantly impact the ethical decisions that managers make. A personal code of ethics is the foremost responsible factor for a person's behavior, and legislation is enacted when businesses become too unethical. Government regulations provide guidelines for acceptable standards. A company's reputation is endangered by unethical behavior, so most companies have specific ethics guidelines. Social pressures and consumer indifference can influence a company to adhere to business ethics strictly. To retain its position, a firm must strictly follow ethical codes like other firms in its competitive

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    This document discusses factors that influence business ethics, including personal code of ethics, legislation, government rules and regulations, a company's ethical code, social pressures, and the ethical climate of an industry. It explains that each of these factors can significantly impact the ethical decisions that managers make. A personal code of ethics is the foremost responsible factor for a person's behavior, and legislation is enacted when businesses become too unethical. Government regulations provide guidelines for acceptable standards. A company's reputation is endangered by unethical behavior, so most companies have specific ethics guidelines. Social pressures and consumer indifference can influence a company to adhere to business ethics strictly. To retain its position, a firm must strictly follow ethical codes like other firms in its competitive

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    398 views10 pages

    Factors Influencing BE

    Uploaded by

    cecil
    This document discusses factors that influence business ethics, including personal code of ethics, legislation, government rules and regulations, a company's ethical code, social pressures, and the ethical climate of an industry. It explains that each of these factors can significantly impact the ethical decisions that managers make. A personal code of ethics is the foremost responsible factor for a person's behavior, and legislation is enacted when businesses become too unethical. Government regulations provide guidelines for acceptable standards. A company's reputation is endangered by unethical behavior, so most companies have specific ethics guidelines. Social pressures and consumer indifference can influence a company to adhere to business ethics strictly. To retain its position, a firm must strictly follow ethical codes like other firms in its competitive

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    FACTORS INFLUENCING

    BUSINESS ETHICS

    Factors influencing Business Ethics


    Business leaders today are well aware of
    the ethical issues and hence they want to
    improve the ethical standards of the
    business.
    Self-regulation is, of course, better and
    produce impressive results.
    Besides, there are also a number of factors,
    which significantly influence the managers
    to take ethical decisions. Some of them are:

    1.Personal Code of Ethics


    2.Legislation
    3.Government Rules and
    Regulations
    4.Ethical Code of the Company
    5.Social Pressures
    6.Ethical Climate of the Industry

    1.Personal Code of Ethics:


    A mans personal code of ethics
    that is what one considers moral is
    the foremost responsible factor
    influencing his behavior.

    2.Legislation: It is already stated


    that the Government will intervene
    and enact laws only when the
    businessmen become too unethical
    and selfish and totally ignore their
    responsibility to the society.

    3.Government Rules and


    Regulations: Laws support
    Government regulations regarding
    the working conditions, product
    safety, statutory warning etc.
    These provide some guidelines to the
    business managers in determining
    what are acceptable or recognized
    standards and practices.

    4.Ethical Code of the Company: When a


    company grows larger, its standard of ethical
    conduct tends to rise.
    Any unethical behavior or conduct on the part of
    the company shall endanger its established
    reputation, public image and goodwill.
    Hence, most companies are very cautious in
    this respect.
    They issue specific guidelines to their
    subordinates regarding the dealings of the
    company.

    5.Social Pressures: Social forces and pressures


    have considerable influence on ethics in business.
    If a company supplies sub-standard products
    and get involved in unethical conducts, the
    consumers will become indifferent towards the
    company.
    Such refusals shall exert a pressure on the
    company to act honestly and adhere strictly to the
    business ethics.
    Sometimes, the society itself may turn against a
    company.

    6.Ethical Climate of the Industry:


    Modern industry today is working in a
    more and more competitive atmosphere.
    Hence only those firms, which strictly
    adhere to the ethical code, can retain its
    position unaffected in its line of
    business.

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