A DESCRIPTIVE STUDY ON THE ETHICAL VALUES FOSTERED BY LEADERS OF MULTI-NATIONAL COMPANIES IN INDIA

Abstract

Ethics deal with “what that ought to be”. Patrick and Quinn (1997) defined ethics as
the study of individual and collective moral awareness, judgment, character and
conduct. Ethics involves a discipline that examines good or bad practices within the
context of a moral duty. Business ethics include practices and behaviors that are good
or bad. Ethics are moral guidelines which govern good behavior, doing what is morally
right. Ethical values are a combination of cultural norms, religious ideals, and personal
concepts of right and wrong