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    Ethics

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    DwaipayanDas
    Business ethics refers to ethical principles and standards that guide conduct in business organizations. It involves determining what is right and wrong in the workplace. There are four levels of ethical questions - individual, internal policy, stakeholders, and society. Unethical behavior in businesses can be caused by stress, confusion, or pressure. To promote ethics, companies implement ethical audits, codes of conduct, and training programs. Both employers and employees have responsibilities - employers should treat people fairly and increase loyalty, while employees should avoid rationalizing abuse and consider speaking up if they witness issues.

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    Ethics

    Uploaded by

    DwaipayanDas
    70 views21 pages
    Business ethics refers to ethical principles and standards that guide conduct in business organizations. It involves determining what is right and wrong in the workplace. There are four levels of ethical questions - individual, internal policy, stakeholders, and society. Unethical behavior in businesses can be caused by stress, confusion, or pressure. To promote ethics, companies implement ethical audits, codes of conduct, and training programs. Both employers and employees have responsibilities - employers should treat people fairly and increase loyalty, while employees should avoid rationalizing abuse and consider speaking up if they witness issues.

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    Business ethics refers to ethical principles and standards that guide conduct in business organizations. It involves determining what is right and wrong in the workplace. There are four levels of ethical questions - individual, internal policy, stakeholders, and society. Unethical behavior in businesses can be caused by stress, confusion, or pressure. To promote ethics, companies implement ethical audits, codes of conduct, and training programs. Both employers and employees have responsibilities - employers should treat people fairly and increase loyalty, while employees should avoid rationalizing abuse and consider speaking up if they witness issues.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    70 views21 pages

    Ethics

    Uploaded by

    DwaipayanDas
    Business ethics refers to ethical principles and standards that guide conduct in business organizations. It involves determining what is right and wrong in the workplace. There are four levels of ethical questions - individual, internal policy, stakeholders, and society. Unethical behavior in businesses can be caused by stress, confusion, or pressure. To promote ethics, companies implement ethical audits, codes of conduct, and training programs. Both employers and employees have responsibilities - employers should treat people fairly and increase loyalty, while employees should avoid rationalizing abuse and consider speaking up if they witness issues.

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    BUSINESS ETHICS

    WHAT IS ETHICS

    Ethics may be referred to some standardized form of conduct or behavior of individuals, understood and accepted in a particular field of activity The work ETHICS has its origin in Greek word Ethics means character, norms, morals and ideals prevailing in a group and society. Ethics is a mass of moral principles or set of values about what conduct ought to be. They give an idea what is right or wrong, true of false, fair or unfair, just or unjust, proper or improper, e.g. Honesty, obedience, equality, fairness, etc and respect and then doing the right thing

    BUSINESS ETHICS
    Carter McNamara has defined: Business ethics is generally coming to know what is right and wrong in the workplace and doing what is rightthis is in regard to efforts of products/ services and in relationships with stakeholders.

    A group of moral principles, standards of behavior, or set of values regarding proper conduct in the workplace

    Ethical questions fall under one or more of following levels:

    Level 4 : Individual Level 3 : Internal policy

    Level 2 : Stake holders

    Level 1: Society

    Continued

    Individual level: personal level interactions, obligations and rights as human beings Internal policy: ethics in practices of organization w.r.t. employment, rights of employees, etc. Stake holders: suppliers, creditors, customers, etc.

    Society: External agencies, social institutions, etc.

    Common Morality: (Morals or Principles)


    Morality is body of rules governing the ordinary ethical problems Promise keeping Non- malevolence (prevent violent conflicts) Mutual aid (among people, societies, nations) Respect for persons (regard other people as an end in themselves) Respect for property ( obtain consent of owners before using their property.

    How to have ethics in business ?

    Ethical Audits, Ethics committees, judicial boards, Ethics training programs, etc., :- to have ethical policies in business Groups to whom corporate ethics codes apply?? * Employees & their families * Local communities * Suppliers * Share holders * Country Govt. * Foreign Govt.s

    Global Ethical Issues


    Wages and hours Child labour Discrimination Legal and ethical business practices Product safety and quality

    Environment

    What causes unethical behaviour


    Stress Confusion Pressure to perform at expected levels Competition within the industry No knowledge

    ETHICS IN THE WORKPLACE


    Relationships

    at Work

    Management/owner toward client/customer Management/owner toward employees Employee toward Employer, Co-workers, Customers

    ETHICS IN THE WORKPLACE


    Business

    Abuse

    Any : illegal unethical irresponsible Act done against an Employer

    ETHICS IN THE WORKPLACE


    Results

    of Business

    Abuse Higher prices Business Failure Fewer Jobs Unpleasant Working Conditions

    ETHICS IN THE WORKPLACE


    A.Examples of Business Abuse

    Stealing Merchandise Money * Shoplift *Kickback * Conflict of Interest * Unauthorized Discounts Time

    ETHICS IN THE WORKPLACE


    A. Examples of Business Abuse (Continued) Vandalism (damage) Forge Records Break Confidentiality Ignore Safety Rules Misrepresent Merchandise

    ETHICS IN THE WORKPLACE


    A. Examples of Business Abuse (Continued) Poor Client Service Irresponsible Behavior Addictions * drugs * alcohol * tobacco

    ETHICS IN THE WORKPLACE


    A. Examples of Business Abuse (Continued) Gossip * Causes poor work environment (morale) * Lowers Productivity

    ETHICS IN THE WORKPLACE


    How

    Do We Rationalize Business Abuse? Everybody does it The co. wont mind it The co. overcharges Im not paid enough The co. doesnt deserve my loyalty

    ETHICS IN THE WORKPLACE


    C. How Employers Respond to Business Abuse Increase Security * loss prevention mgmt. * surveillance * Networks/Helplines * threats of prosecution

    ETHICS IN THE WORKPLACE


    C. How Employers Respond to Business Abuse (Continued) Increase Employee Loyalty * fair wages & benefits * fair/consistent treatment * recognition for good wk * foster family climate

    ETHICS IN THE WORKPLACE


    D. As Employees, What Are Our Choices? Ignore Business Abuse Rationalize it away Speak Up Discuss to Clarify Issues Blow the Whistle!

    THANK YOU

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