ETHICS &VALUES IN SOCIETY

Presenters :

Ansu M. S. Dannie A. John Anju C. S. Nitin Joseph Jose Athul Khan P.

Overview
Introduction to Business Ethics Influences and benefits

Sources and Dilemmas

Implementations Relation to morals, values and law

WHAT IS ETHICS ?
Its a Discipline
Dealing with what is good and bad Dealing with moral duty and obligations A set of values and rules that define right or wrong

conduct

BUSINESS ETHICS
Business ethics Moral issues in Business ethics

BUSINESS ETHICS
Concerned with truth and justice in business
Has variety of aspects
Expectation of society Fair competition Advertising Public relations Social responsibility Corporate behavior at home and abroad

"Business Ethics" can be defined as the critical, structured examination of how people & institutions should behave in the world of commerce.

Good business ethics is the backbone of every forward thinking business

IMPORTANCE OF BUSINESS ETHICS

Public Image Investment Partnerships

NEED OF BUSINESS ETHICS

Introducing Socialism in Business
Interest of Industry Buyers Market

Better Relations with Society

Advantages to Business and Society

NATURE OF ETHICS IN BUSINESS

Most ethical questions - two types Overt Covert For a decision to be ethical RIGHT EQUITABLE GOOD PROPER FAIR JUST Ethics is unstructured Ethical decisions should express some obligations to

others.

To be continued

Business Ethics

Scope Characteristics Benefits Factors Influencing

Scope Of Business Ethics

Stakeholders Level

Personal Policy Level

Scope Of Business Ethics

Internal Policy Level

Social Level

Stakeholders Level
Job Security Of Employees.

Better Working Condition To The Employees.

Better Quality Of Goods To The Customer.

Goods And Services At Reasonable Price To The Customers. Not To Make False Claim About Products In Advertisements. Prompt Repayment Of Loan To The Bank. Honesty In Paying Taxes And Other Dues To The Govt. Acting As Partner In The Progress Of The Country.

Personal Policy Level

Not To Use Office Car, Stationary, And Other Facilities For Personal Use. Not To Misuse Others For Personal. Promise Keeping. Mutual Help.

Social Level
Concern For Poor And Downtrodden. No Discrimination Against Any Particular Section Or Group. Concern For Clean Environment.

Contributing To Better Quality Of Life.

Internal Policy Level

Better Communication At Levels. Transformational Leadership To Motivate Employees To Aim At Better And Higher Things In Life. Fair Practice Relating To Requirement, Compensation, Promotion Etc.

Characteristics Of Business Ethics

As

A Guide

Study Human Aspects

Development Personal Dignity

Universal Philosophy Unrelated To Emotion

Benefits Of Business ethics

Building Solid Company Teamwork And Productivity.

Avoiding Criminal Act OR Omission Which Can Lower Potential Fines.

Promoting A Strong Public Image. Improving Society. Helping employees Deal With Ethical Issues They Face On The Job. Providing Organizational Guideline For Business Integrity In Turbulent Time.

Factors Influencing Business Ethics

Identification Of Rights And Responsibilities Of The Stakeholders Of The Business. Protecting Environment. Social Responsibility.

Leadership.

RELIGION CULTURAL

EXPERIENCE THE LEGAL SYSTEM

 Oldest

form of Ethical Inspiration

It

contributes to the general welfare

 refers

to a set of values, rules and standards transmitted among the generations.

Laws are rules of conduct approved by legislatures Codify ethical expectations

Treat all men with fairness and justice Do to others as you would have them to do to you Always treat individuals as end, with respect and dignity

Love your neighbor as yourself Always ask" will it hurt anyone?

Know You-be honest with yourself and with others Evaluate the morality of an action Long range utility standards

The general law standard

The less evil standard

Supervisor over rates the performance of the employee because of the personal relationship exists between them.

Ethical dilemmas crop up in purchasing department where strong pressure are felt to obtain the lowest possible process from suppliers to fell a similar need to bag lucrative contracts

Conflict situations are typical.

For example, your R&D Department has modernized one of your products, it is not really new and improved but you know printing this statement on the package will increase sales. what would you do?????

Next Session..

INSTITUTIONALIZING ETHICS
applying and integrating ethical concepts with daily actions .

This can be accomplished in three ways : By establishing an appropriate company policy. By using formally appointed ethics committee. By teaching ethics in management development programs.

PRACTICAL SUGGESTIONS FOR MAKING ETHICAL DECISIONS

1.
Three well known principles to resolve ethical issues are : Moral idealism

Intuitionism
Utilitarianism

2. Consider some decision tactics that illuminate moral

choices .
3. Write down pros cons in the form of a balance sheet 4. Sort out ethical priorities before problems arise 5. One should commit oneself publicly on ethical issues 6. One should set a good personal example for employees

BUILDING AN ETHICAL CLIMATE

1.

The actions of the strategic leadership the way they deal with ethical issues

2. To make explicit ethics policies

3. To increase awareness of how to apply those ethical

codes i.e. Training

4. To increase the salience of ethics

Values Things that are important to or valued by someone Important in relation to vision Consistent with the organizations core values Embodiment of what an organization stands

Ethics
Behave Ethical

ethically right or moral

behavior is the bedrock of mutual

trust

 Law

- Code of conduct Law does not make one ethical Not all laws have moral choice All moral and ethical actions do not involve the law Ethics precedes the action, the law follows it Law - universally accepted Ethics not universally accepted

 Morals Values

rules or duties ends or goals