BUSINESS ETHICS

Social responsibility deals with how individuals and organizations handle current social
issues. Business ethics are concerned with the day-to-day behavior standards of individuals and
organizations. Ethics are standards or principle of conduct used to govern the behavior of an
individual or group of individuals. Ethics are generally concerned with questions of right or
wrong or with moral duties. Ethical standards can be developed by an individual, a group of
individuals, or society. Laws are ethics formalized by a society; they are usually concerned with
principles of conduct. Organizational ethics, however, generally deal more with the behavior of
individuals or groups of individuals not covered by the law.

A CODE OF ETHICS FOR BUSINESS

Preamble

This code of ethics has been formulated impelled by the belief that man has
a dignity that must be respected, and that all the resources of the earth have been
created for his growth and development.

As here presented, this code is considered a major step in the ongoing and
changing process of understanding the growing role of business activity in the
development of man, as such, is open to further improvement.
 CHAPTER 10
SOCIAL RESPONSIBILITY OF BUSINESSMEN

HISTORICAL PHASES OF ATTITUDES OF MANAGERS TOWARD

SOCIAL RESPONSIBILITY

BUSINESS ETHICS

A CODE OF ETHICS FOR BUSINESS (Preamble)

Prepared by:

Jessa T. de Guzman