Ethical practices safeguard and societal interest beyond legal requirements

Business involves the production, purchase, and sale of goods and activities to satisfy human needs

Business is a recurring activities that requires regular operations and constant improvements.

Modern businesses focus on meeting customer needs and providing value.

- Defines principles of right and wrong behavior within organizations and guides decisionmaking - Ethical business practices contribute to fairness, credibility, and societal well being - Is very beneficial to business organizations if properly implemented

- Refers to the efforts and activities undertaken by individuals. - To produce and sell goods and services - For profit -By its nature, man has unappeasable and innumerous wants. -To satisfy unquenchable needs, man work harder to maximize th use of limited resources around him.

production and distribution of goods and services to earn profit.

The primary goal is to earn profit, which ensures survival and growth

providing services, physical or mental, to others in exchange for salary or wage.

- The inadequate resources are brought into optimum use by businesses - This is with the intention of satisfying the needs and wants of the consumers - Both the material and non-material resources are utilized fully to attain economic progress of a country.

- Businesses have social responsibilities and interact with various stakeholders

specialized services provided by professionals. It requires specialized knowledge and professional quailifications.

Businesses innovate and adapt to changing market demands.

- An organization driven by moral values is well- regarded by its employees too.

Ethical decision lead to sustainable business practices

Business create job opportunities and contribute to economic growth.

Ethical businesses maintain reputation

Business operations are inherently risky due to uncertain future outcomes.

- One the basic human needs is being fair, honest and ethical. - Each employee wants to remain himself and to work hard for an organization that is fair and ethical in all its practices.

-Ethical behavior enhances consumer confidence and builds a positive brand image, ultimately benefiting the business financially

- An ethical business organization that is propelled by moral values is highly respected in the society

Government regulate businesses to ensure social welfare and compliance with laws

Ethical businesses achieve long term profitability and resilience