“BUSINESS ETHICS IN MANAGEMENT”

The word ‘Ethics' is derived from Greek word ‘Ethikos' and Latin word ‘Ethicus' means, custom or character. The concept of ethics deals with human beings. So, it is a social science. Ethics is a branch of philosophy and is considered with norms of human beings. Ethics includes well based standards of right and wrong, that prescribe what humans ought to do and it also refers to the study the development of one's ethical standards. Business Ethics is nothing but the application of ethics in business. Business Ethics is the application of general ethical ideas to business behaviour which facilities and promotes good to society, improves profitability, fosters business relations and employee productivity. Globalization, the march into the information age, and workforce diversity are changing the way business is conducted and the ethical issues businesses face. If business ethics is to remain relevant, it must change its focus accordingly. Today, more than 1000 companies in 60 countries have published sustainability report proclaiming their active support for the environment, their employees and their local community. The study is confined to business ethics in general and ethics in management in particular. It analyses and finds the conceptual frame work of business ethics and its relevance in Management. The study is also focuses on the principles, importance and structural aspects of ethics in Management.