Importance of Ethics

Introduction•Ethics is the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. •The term ethics derives from the ancient Greek word 'ethos’ which means custom or habit.•In practice, ethics seeks to resolve questions of human morality, by defining concepts such as good and evil, right and wrong, virtue and vice, justice and crime.

Bioethicist Larry Churchill

has written: "Ethics,

understood as the

capacity to think critically

about moral values and

direct our actions in terms

of such values, is a

generic human capacity."

Types of Ethics

Philosophers nowadays divide ethical theories mainly into

three areas: meta-ethics, normative ethics and applied ethics.

• Meta-ethics deals with the nature of moral judgment. It looks

at the origins and meaning of ethical principles.

• Normative ethics is concerned with the content of moral

judgments and the criteria for what is right and what is wrong

course of action.

• Applied ethics looks at what a person is obligated (or

permitted) to do in a specific situation or a particular domain

of action.

Difference between Meta & Normative Ethics

•Normative Ethics deals with questions like “Which of my actions should be considered as good?”

•Meta Ethics deals with questions like “What is ‘good’?”

Applied Ethics•It is the philosophical examination, from a moral standpoint, of particular issues in private and public life which are matters of moral judgment. It is thus the attempts to use philosophical

methods to identify the morally correct course of action in various fields of everyday life.

oBusiness EthicsoEngineering EthicsoBio-medical EthicsoEnvironmental EthicsoMilitary Ethics

Why do we need Ethics?

Ethics guides us like a map

•Most moral issues get us pretty worked up because these are such emotional issues we often let our hearts do the arguing while our brains just go with the flow.But there's another way of tackling these issues, and that's where philosophers can come in - they offer us ethical rules and principles that enable us to take a cooler view of moral problems.

Ethics is about feeling for others

• At the heart of ethics is a concern about something or someone other than us and our own desires and self-interest.

• Ethics is concerned with other people's interests, with the interests of society.

• So when a person 'thinks ethically' they are giving at least some thought to something beyond themselves.

Ethical values creates integrity

• High sense of ethics and values makes a man trustworthy and representable.

• If a professional individual follows every legal and moral codes, abides by the rules and regulations of the company and tries to create the maximum profit for the client and for the company then the said individual catalyses the increment of integrity of the company as well as himself/herself.

Advantages of Ethical Behavior in the workplace

• Builds Customer Loyalty

• Retains Good Employees

• Creates a Positive Work Environment

• Gets easier to Avoid Legal Problems

• Makes profit in the Long run

Unethical behavior leads to one’s downfall

Chandra Shekhar Ghosh, C.E.O.

•It was founded in 2001 as a micro-finance company and in 2014 Bandhan bank received banking license from the Reserve Bank of India. •In 2014, the capital of Bandhan bank was INR 2570 crores.

Hard work, Legal and ethical behavior and perseverance leads to success.

Conclusion Technological growth and all other progress as a

civilization fails if we give up our morals and values. The only thing which separates us from other animals is our conscience. If we obey our morals our internal peace is maintained. So, our code of ethics makes us who we are and keeps the society in harmony.

~ Sayak Sarkar