CHAPTE ONE 

INTRODUCTION 

1.1   BACKGROUND TO THE STUDY 

The profession of business ethics has long needed a highly practical resource that is designed particularly for leaders and managers - those persons charged to ensure ethical practices in their organizations. Unfortunately, far too many resources about the importance of business ethics end up being designed primarily for philosophers, academicians and social critics. As a result, leaders and managers struggle to thoroughly make use of the resources available.

Ethics and social responsibility of a business organization is extremely important toe every society and Nigeria at large. Ethics and social responsibility are related concept that pay attention on moral conscience of the business organization.

According to twin cities consultants Doug Wallace and John Pekel (of the twin cities based fulcrum group; 651-714-9033), ethics includes “the fundamental ground rules by which we live our lives”. It involves learning what is right or wrong and then doing the right thing”.

Wallace and Pekel explained that attention to business ethics is critical during times of fundamental changes - times much like those faced now by businesses, both non profit or for - profit. Values that were previously taken for granted are now strongly questioned.

Maxwell Pinto in his book, management- Titbits for the new Millennium (2004:62) exerted that knowing the difference between right and wrong and then choosing what is right; and a manager or leader treating his employees, customers, shareholders, government, media and the society right, is the importance of business ethics”. Business ethics in the workplace is about prioritizing moral values for the workplace and ensuring behaviours are aligned with those values. Ethics in the workplace sensitizes leaders and staff to how they should act and also helps ensure that when leaders and managers are struggling in times of crisis and confusion, they retain a strong moral compass.

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