Professional Documents
Culture Documents
Two steps down since last year Among 180 countries of the world By the Worldwide Corruption Perceptions
Index (CPI)
18 October 1999:
Reka Maximovitch joins Infosys as Phaneesh Murthys assistant December 2000: Reka Maximovitch quits Infosys 17 December 2001: "sexual harassment and wrongful termination"
mn payable in a month
DEFINITION
Ethics : Ethos means character It is science of morals It is recognised rule of conduct It is science of character of a person expressed as right or wrong conduct or action.
Nature of Ethics
Ethics deals with human beings only
Ethics is a field of social science It is a normative science :
Normative science judge the value of the facts in
Nature of Ethics
Ethics deals with human beings only
Ethics is a field of social science It is a normative science :
Normative science judge the value of the facts in
Immoral
Amoral Moral
Immoral Management
It cares only about their or companies profitability and success. They see legal standards as barriers or impediments their
Amoral Management
:This management is neither immoral nor moral but is not sensitive to the fact that their everyday business decisions may have
Moral Management
It not only confirms to accepted and high level of Professional Conduct, they also commonly exemplify leadership on ethical
issues. Management wants to be profitable, but only within the confines of sound legal and ethical percept, such as fairness, justice and due process.
Tata Group
Welfare Measures
8 hours of working Free medical aid Welfare Dept.
Year
1912 1915 1917
1917
1919 1920 1920 1921 1928
Tata Group
Welfare Measures Profit- sharing Bonus
Retiring Gratuity TISS Tata Memorial Centre for Cancer Research and Treatment TCS Tata Airlines TIFR
Year 1934
1937 1936 1941
Refraining from this behavior will unavoidably cause you (or those you care for or for whom you are responsible) serious
harm or loss.' Your engaging in this behavior will not also cause significantly more harm or loss to others.
Everybody doing it
Your engaging in this behavior will not lead others to engage in it in ways that are equally or more harmful, and this would be true if your
engaging in this behavior were to become public knowledge. Your refraining from this behavior will not lead others to refrain from it, and this would be true if your refraining from this behavior were to become public knowledge.
Everybody doing it
Your refraining from this behavior will not unavoidably lead others to engage in it in ways that are substantially more harmful
than would have been the case had you chosen to engage in it yourself and this would be true if your refraining from this behavior were to become public knowledge.
Everybody doing it
Will refraining from bribery cause you (or those you care for or for whom you are responsible) serious and unavoidable harm or loss? Will your engaging in bribery also cause significantly more harm or loss to others?
Will your engaging in bribery lead others to
engage in it in ways that are equally or more harmful, and would this still be true if your engaging in bribery were to become public knowledge?
Everybody doing it
Will your refraining from bribery lead others to refrain from it, and would this still be true if your refraining from bribery were to become
a public knowledge. Will your refraining from bribery unavoidably lead others to engage in if in ways that are substantially more harmful than would have been the case had you chosen to engage in it.
The group should participate in some sense in decision that substantially affect their welfare.
STAKEHOLDER ANALYSIS
Trusteeship
Capitalism
Socialism Egalitarian
(The principle of equal rights for all persons) Non-Violence,Ahimsa,Stealing,Non-possession
needs to be equally moral to achieve moral results The enterprise of the entrepreneur, the worker and the consumer, all being co-trustees of the enterprise, responsible to the society at large
legitimate needs, and use the remainder for society Trusteeship seeks to convert through a nonviolent process, private property into social property.
Economic Equality
Equal Distribution Concept of theft
Trusteeship
Raw material should be purchased to ensure a living wage to producers
Natural resources not digging cost,
replacement cost. Reduce disparity the ratio between lowest and highest 1:7 in the initial stages
Expansionism and centralization shall be resisted , decentralization should be encouraged Enterprise is ultimately responsible to the world at large Consumer should be on the board Capital for such enterprises should be interest free
Ethics in HR Issues
Ethics in Marketing
Product
Pricing Physical distribution Product promotion
Product
No safety
Hazardous products Duplication
Product Pricing
Dumping
Deceptive pricing Predatory pricing Price fixation Insider trading
Product Promotion
Making false claims and misleading advertisement
Ethics in advertisement
Physical distribution
Territorial restrictions
Full line forcing Exclusive dealing arrangement Artificial scarcity of the product
Corporate Citizenship Corporate Philanthropy Corporate Giving Corporate Community involvement Societal Marketing Community Relations Community Affairs Community Development Global Citizenship
DIFFERENCE
GOOD COMPANY Excellent Products & Services GREAT COMPANY Excellent Products/services & Makes the world a better place
a)
b) c) d) e) f) g) h)
NO
CAN GOVERNMENT ALONE DO?
Whistle blowing
The disclosure by organisation members (former or current) of illegal, immoral or illegitimate practices under the control of their
Whistle blowing
Cynthia Cooper of World com,
Sherron Watkins of Enron Coleen Rowley of FBI
Whistle blowing
There is a misdeed or illegal activity in the organization
A perception that either the management can prevent it or
that it has been initiated by management or certain employees. Important factor is the presence of an individual or group of people who view that some action should be taken against the illegal activity. There is a process by which the individuals or group try to expose the problem to the authorities who can take action.
Stage
Manager Mindset
Resource Commitment
Minimal resource commitment Budgets for problems as they occur Consistent yet minimal budget
1. Beginner
Environmental management unnecessary Environmental issues addressed when necessary Environmental management is a worthwhile function
2. Firefighter
3. Concerned citizen
4. Pragmatist
5. Proactivist
Open-ended funding
Actively involved
2. Issues analysis