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Business Ethics, Corporate Governance, Economic Systems

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BUSINESS ORGANISATION CODE-(151102) Gaurav Jain 01211415109 BBA(MOM) 1st Year (2nd Semester) Submitted to G.T.V.L.N Charyullu gauravjains.vrps@gmail.com hai Parmanand Institute Of Business Studies (GGSIPU (www.bbaexperts.com) BUSINESS ETHICS gauravjains.vrps@gmail.com (www.bbaexperts.com) Business ethics (also known as Corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It
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  BUSINESS ORGANISATIONCODE-(151102) Gaurav Jain01211415109BBA(MOM) 1st Year (2nd Semester) Submitted to G.T.V.L.N Charyullu ai Parmanand Institute Of Business Studies (GGSIP gauravjains.vrps@gmail.com(www.bbaex erts.com)  BUSINESSETHICS gauravjains.vrps@gmail.com(www.bbaex erts.com)  Business ethics (also known as Corporate ethics) is aform of applied ethics or professional ethics thatexamines ethical principles and moral or ethicalproblems that arise in a business environment. It appliesto all aspects of business conduct and is relevant to theconduct of individuals and business organizations as awhole. Applied ethics is a field of ethics that deals withethical questions in many fields such as medical,technical, legal and business ethics.In the increasingly conscience-focused marketplaces of the 21st century, the demand for more ethical businessprocesses and actions (known as ethicism) is increasing.Simultaneously, pressure is applied on industry toimprove business ethics through new public initiativesand laws (e.g. higher UK road tax for higher-emissionvehicles). Businesses can often attain short-term gainsby acting in an unethical fashion; however, suchbehaviours tend to undermine the economy over time.Business ethics can be both a normative and adescritive disciline. As a cororate ractice and a BUSINESS ETHICS gauravjains.vrps@gmail.com(www.bbaex erts.com)  This part of business ethics overlaps with thephilosophy of business, one of the aims of which isto determine the fundamental purposes of acompany. If a company's main purpose is tomaximize the returns to its shareholders, then itshould be seen as unethical for a company toconsider the interests and rights of anyone else.Corporate social responsibility or CSR: an umbrellaterm under which the ethical rights and dutiesexisting between companies and society is debated.Issues regarding the moral rights and dutiesbetween a company and its shareholders: fiduciaryresponsibility, stakeholder concept v. shareholderconcept.Ethical issues concerning relations between GENERAL BUSINESSETHICS gauravjains.vrps@gmail.com(www.bbaex erts.com)

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