BUSINESS ETHICS
                     BUSINESS 
ETHICS
INTRODUCTION
 The ethical foundation of a company is important to the way a company is 
perceived by customers and peers alike. It is also a source of pride and self-
respect for the company itself.
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ETHICAL BUSINESS 
RELATIONSHIP
 Ethical business relationships are less often a matter of legal compliance as 
they are of conscious self-governance by individuals and businesses.
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CONFLICTS OF INTEREST
 Engaging in activities that are in direct conflict with the needs of your 
customers or clients, or engaging in personal activity that is in conflict with 
your business, are conflicts of interest. 
 A conflict of interest is unethical and can result in legal repercussions and 
damage to the ethical foundation of the company. 
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ETHICAL CUSTOMER 
RELATIONSHIPS
 Ethical relationships concerning your company's interaction with customers 
can have a direct impact on the success of your company. 
 Ethical customer relationships should include honesty with customers, 
delivering a good product or service and backing the product or service.
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ETHICAL EMPLOYEE 
RELATIONSHIPS
 Ethical employee relationships are essential to the smooth operation of a 
business. This means keeping unhealthy levels of competition and personal 
relationships between employees out of the work place, while providing an 
environment where employees feel they are treated equally and fairly.
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NEPOTISM
 Nepotism occurs when a family member is shown special favors. While hiring a 
family member who is unqualified for a job is not illegal, it can open the door 
for perceived unethical behavior.
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BUSINESS RELATIONSHIPS
 Many people are rightfully concerned that they will have to compromise their 
own standards when it comes time to accept jobs in the financial world, the 
medical world, as well as in many other fields, including construction, Internet 
information and technology, science, and global business relationships.
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DECISION MAKING
 While many of us want to do the right thing, there are times when we all find 
ourselves between a rock and a hard place when it comes to making the right 
decision and maintaining job security.
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THE BOTTOM LINE
 How we each deal with such dilemmas is a personal decision that is based a 
great deal on our own upbringing, moral codes, and standards. 
 Our values, sense of loyalty, and trust are incorporated into our actions and, as 
such, affect the day-to-day running of businesses, both large and small.
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