I N D I A N P E R S P E C T I V E O N
BUSINESS
ETHICS
BUSINESS ETHICS
Business ethics can be defined as the set of
moral principles and values that govern the
conduct of individuals and organizations in
the business world.
It encompasses a wide range of issues,
including corporate governance, fair trade
practices, environmental responsibility,
employee rights, and consumer protection,
among others. It aims to promote honesty,
integrity, and transparency in all business
dealings, fostering an environment of trust
and accountability.
Respect
for Law Environmental
Responsibility
Corporate Social
Responsibility
Fair Competition
Respect for
Human Rights PRINCIPLES
OF BUSINESS ETHICS
Honesty and
Integrity
IMPORTANCE
OF BUSINESS ETHICS
BUILDING TRUST COMPETITIVE POSITIVE
AND CREDIBILITY ADVANTAGE SOCIETAL
IMPACT
RISK LONG-TERM EMPLOYEE
MITIGATION SUSTAINABILITY ENGAGEMENT
AND RETENTION
IMPLEMENTING BUSINESS
ETHICS
1 2 3 4
DEVELOP A ESTABLISH PROVIDE OPEN
CODE OF AN ETHICS ETHICS COMMUNICATION
ETHICS COMMITTEE TRAINING & REPORTING
7 6 5
CONTINUOUS COLLABORATE LEAD BY
IMPROVEMENT WITH STAKEHOLDERS EXAMPLE
CHALLENGES
FACED DURING BUSINESS ETHICS
Regulatory Cultural Conflicting
Complexity Differences Interests
Stakeholder Monitoring & Cost and
Engagement Enforcement Resource
I N D I A N P E R S P E C T I V E O N
BUSINESS
ENVIRONMENT
BUSINESS
ENVIRONMENT
It is the sum of all external and internal factors
that impact a business and its operations.
Internal factors are those components that
exist within the company. External factors are
outside causes that influence an organisation's
functioning.
The Business Environment indicates the
totality of all the individuals, resources,
stakeholders, institutions, regulations and
market forces that subsist around the
organisation.
IMPORTANCE
OF BUSINESS ENVIRONMENT
IMPROVEMENT
OF PERFORMANCE
HELPS WITH
PLANNING TAPPING
& POLICIES USEFUL
RESOURCES
COPING IDENTIFY
WITH THREATS
CHANGES
RECOGNIZE
OPPORTUNITIES
TYPES OF
BUSINESS ENVIRONMENT
INTERNAL EXTERNAL
ENVIRONMENT ENVIRONMENT
These are the aspects and Events that take place
recognisable factors that outside of the organization
exist within an organisation and are harder to predict
or business. Factors include and control. The business
work culture, human environment factors include
resources, management competitive political,
hierarchies, value systems, technological, and
physical assets etc economic etc.
BUSINESS
DIMENSIONS OF EXTERNAL
ENVIRONMENT
ECONOMIC LEGAL POLITICAL
SOCIO-CULTURAL TECH COMPETITIVE NATURAL
