Professional Documents
Culture Documents
Fundamentals
11
Introduction
Business Ethics
The value of what should be done and
what should not be done from the
business point of view
Publics interest in business ethics
increased during the last four decades
Publics interest in business ethics
spurred by the media
2
Introduction
Inventory of Ethical Issues in
Business
Employee-Employer Relations
Employer-Employee Relations
Company-Customer Relations
Company-Shareholder Relations
Company-Community/Public Interest
3
Societys
Expectations
of Business
Ethics
Ethical
Problem
Actual
Business
Ethics
Ethical Problem
1950s
Time
Early 2000s
4
Definitions
Ethics involves a discipline that
examines good or bad practices
within the context of a moral duty
Moral conduct is behavior that is
right or wrong
Business ethics include practices
and behaviors that are good or bad
5
origin of Ethics
Ethics is a Greek word, it means
Character or manners.
Ethics is subjective while morality is
objective.
Ethics is about sense of belongingness to
society of business. Formed with a
limited vision for economic generation
but should resolve conflict with society
by servicing the community.
8
Meaning of Ethics
Character
of a man
Decided by
Conduct
of a person
Leads to
Series of
Actions
Good or
Bad,
Right or
Considered As wrong,
Moral or
Immoral
Taken
together
By which
we can
Judge
again
Known as
Moral
Judgement
Moral
Standards
Requires
Objective of Ethics
Studies human behavior and makes evaluative
assessment about them as moral or immoral
Establishes moral standards and norms of behavior
Makes judgment upon human behavior based on
these standards and norms
Prescribes
moral
behavior
and
makes
recommendations about how
to or how not to
behave
Expresses an opinion or attitude about human
10
conduct in general
Business Ethics
When business people speak about business ethics they
usually mean one of three things:
1.
Avoid breaking the criminal law in ones work related
activity
2.
Avoid action that may result in civil law suits against the
company
3.
11
3D of Ethics.
UNITARIAN VIEW OF ETHICS
Business is a part of moral structure and
moral ethics.
SEPARATISTS VIEWS OF ETHICS
Morality and ethics has no role in business.
Society and law deals with ethics and
morality.
INTEGRATED VIEW OF ETHICS
Ethical behavior and business should be
integrated in a new era called Business Ethics.
12
Views on relationship
Business & Ethics
between
Moral Structure
Business
Moral Ethics
13
Business
Ethics
14
Government
Business
Market Systems
Morality
&
Ethics
Business
Ethics
Society
15
Ethical Consciousness
Stage 6 corporate citizenship
Stage 5
Stake holder concept
Ethical standards
Vary between cultures
And countries.
More evident
From /amongst
Entrepreneurs/
Corporations.
16
17
22
Fellow Workers
Family
Regions of
Country
Profession
The Individual
Friends
The Law
Conscience
Employer
Religious
Beliefs
Society at Large
23
24
25
6-18
26
Important Factors
Senior management
Ethics training
Self-analysis
27
28
29
Religious values
Philosophical values
Cultural values
Legal values
Professional values
30
33
Fear of retaliation
Fear
of
being
troublemaker
viewed
as
34
differ
with
36
Ethical Advocate
(contd)
Code of Ethics
Published statement of moral expectations for
employee conduct
Requirements for an effective ethics code
Must describe specific practices as
unethical
(e.g., kickbacks, payoffs, gifts, falsification
of records, and misleading product claims).
Must be firmly supported and fairly
enforced by
top management.
39
41
THANK YOU
42