Business Ethics And Relationships.
                     BUSINESS ETHICS 
AND RELATIONSHIPS
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.
Source: smallbusiness.chron.com
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.
Source: smallbusiness.chron.com
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. 
Source: smallbusiness.chron.com
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.
Source: smallbusiness.chron.com
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.
Source: smallbusiness.chron.com
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.
Source: smallbusiness.chron.com
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.
Source: smallbusiness.chron.com
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.
Source: www.universalclass.com
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.
Source: www.universalclass.com
THANK YOU