Ethics is abstract and does not have universal standards or acceptance due to the fact that ethics depend on the value system of people. Setting ethical objectives is the process by which organisations apply ethical values to their targets and the actions by which they will achieve them. Business ethics is a type of code of conduct which includes the guidance of norms and behaviour of an individual. It comprises of how to behave to yourself, how to follow the norms, how to improve yourself, and so on. It gives protection to consumers and other social members such as shareholders, society, and employees. Business ethics helps the business to maintain better and harmonious relations with society, customers, employees, and the concerned industry sector. The objectives of ethics are to evaluate the human behaviours and calling up on the moral standards. The ethical standards also prescribe how to act morally in specified situations. The presentation gives better understanding on the topic.

Abhijith S

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