If … Essay on the Factors Influencing Business Ethics: Business Ethics is quality of being useful or desirable. Finance Depends on Trust. Many employees equate ethical behavior with success: If honesty or fairness prevent a successful business deal, the employee's duty is to be dishonest and unfair. The term comes from the Greek word ethos, which means "character". In philosophy, ethics studies the… Convincing your employees to act ethically isn't always easy.
Box 8.2 below gives dilemmas of Director Finance.
In all the 5 myths it may be seen that business ethics is seen in simplistic and unrealistic light. Ethical issues in the financial services industry affect everyone, because even if you don’t work in the field, you’re a consumer of the services. If financial markets are full of rogue traders, individuals will start to disengage from it, thereby reducing the capacity to find investments and hence reducing the economic growth. Markets break down without trust. The 5 myths can be discussed for the case-let. Finance usually depends on a very high level of ethics.
Ethics } Also known as moral philosophy, is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. } The Objectives of Business Ethics Training. Ethics is a complement to Aesthetics in the philosophy field of Axiology. }
That was the message of Ronald F. Duska and James A. Mitchell in their presentation at the Oct. 24, 2006, meeting of the Business and Organizational Ethics Partnership.
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