cont b s ethics

8/2/2019 cont B S Ethics

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Business Ethics

What is Ethics about?

Motivation based on ideas of Right or

Wrong. The Philosophical study of Rightand wrong


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Whate is ethics about

Ethics (also known as Moral Philosophy ) is a

branch of philosophy that addresses questions

about morality that is

Concept about the good and evil,

Right and wrong

Justice Virtues etc.


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Business Ethics

The Critical Structure Examine how people

and institutions should behave in the world of

commerce.

Business Ethics also known as Corporate Ethics

Examine the Ethical Principles

That Arise in a Business Environment.


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Ethics

A Branch of Ethics that examine questions of

moral right and wrong arising in the context of

Business Practice or Theory.


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Importance of Business Ethics

Create Value for Each other in Business

Value Creator in Trade

With out Business Ethics it will show thatthere is no need to teach Ethics in Business.

Business and Ethics are move together.


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BusinessEthics

Previously it was not so deep related business

with ethics and sophistications, like today.

The Business is changed now


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Ethics

There is big difference between your right to

do something and doing what is right.

Business Ethics are critical for the creation of

an environment.


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Business as an Humanity

We Need to see the business in humanity

Business as a Social Sciences aspects

Business involve the Economics,Finance andOperations


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Ethics in Business Goals

Business Ethics also deals as the study of

standards of business behavior and goals.

Negative Ethics Things not to do

Positive Ethics What should do


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Business Ethics are not just

Not just feelings or conciousness

Not the same religion

Not just following the Law Not Following what every body does

Not just technology or Science


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Ethics

Ethics should be the practices of common

people

How we act as individuals

How we structure our Organizations and their

work

How we structure our Society, Laws or

Systems

How we act in our Business


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Discussion Exercise

If somone not helped a person who met with

an accident in front of him/her was lying on

the road waiting for some one to give him

assistance.


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Right or wrong Yes or no or why if so?

If some one bribed to some one for getting

the work done?

If some one discriminated some one , because

of caste , creed , sex or any other thing?

Take home assignment. Please answer with

logic and your own judgments and also

explain the reasons write one page on each

answer.


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Business Environment


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Ethical Behavior at Work

Honesty with his job and organization

Loyalty with organization and customers

integrity towards the organization/firm

Punctuality

Seriousness

Openness

Hard working

Self motivated


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Ethical Behavior at work

Time Devotions at work

Professional Dealings with Colleagues and

employees.

Use of Resources, relationning and Result

oriented.

Initiator , Mobilizer ,

Caring and rationale user of resources.

Reliability, Trustworthiness , Evaluator.


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Unethical behavior at work

Dis Honesty

Absentiism

Irrational use of resources

Carelessness for colleagues, customers, andorganization.

Taking off without reasons

Poor performances

Irresponsibilities , Dishonesty, Over demanded


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Unethical behavior at work

Showing lack of interest in job

Mis use of assets and tangibles

Lack of representation of organization


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Business Ethics , Moral development

FEAR

Physical Consequences determine moral

behavior

Personal behavior driven by avoid to power

Immediate consequences of action

Prevalance of Physical punishment techniquesTo inculcate the attributes of obedience and

deference to power


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Needs

Individual needs dictate moral behavior

Persons primary ethical concerns

People are valued in terms of their utilityFor example I will help him because he may help

me in return


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Conformance

Approval of others determine moral behavior

Good person satisfies family, friends, and

associates Log Kia Kahen gey

One earns approval by being conventionally.

Every body is doing it.


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Compliance

Compliance with authority and upholding social

order are a persons primary ethical concerns.

Doing ones duty is primary ethical concern.

Consistency and precedence must be maintained

,Even If I feel that something may be un ethical, I

will un questionably obey all orders and comply

with everything my boss says because I beleavethat the boss is always right


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Consensus

Tolerance for rational dissent and acceptance of

rule by the majority becomes primary ethical

concerns.

ExampleAlthough I DISAGREE WITH HER VIEWS IWILL UPHOLD HER RIGHT TO HAVE THEM

The right action tends to be defined in terms of

standard that have been critically examined andagreed upon by the whole society. (i.e.

Constitution, norms,codes of conduct and laws.


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Conscience and free will

What is right is viewed as a matter of

individual conscience,free choice and personal

responsibility for the consequences.

Example There is no external threat that can

force me to make decision that I consider

morally wrong

Any individual who reaches at this stage acts out

of universal ethical principles.


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Moral Development ande Ethics

Moral development is in no way corelated

with intellectual development or your

position in the hierarchy or factors like rank,

seniority, status,successor earnings,salary,material wealth. In the words of

Alexender Orlov Honesty and Loyalty May be

often more deeply ingrained in the make-upof simple and humble people than in men of

high ;position.


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Moral Development

The moral progress of a person may be comparedto moral growing up of children as they progresstowards adulthood from stage 1 towards stage6.

Small children are at stage 1 they are taught thatwhatever their elders say is right and doing theright thing is obeying authority and avoidingpunishment. As they grow up , children are nolonger so impressed by any single authority and

they see that there are different sides of any issueand their actions will be governed by their needsstate2)


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corporate social responsibility introduction

Corporate social responsibility (CSR) is:

An obligation, beyond that required by the law and

economics, for a firm to pursue long term goals that are

good for society

The continuing commitment by business to behave

ethically and contribute to economic development while

improving the quality of life of the workforce and theirfamilies as well as that of the local community and

society at large

About how a company manages its business process to

produce an overall positive impact on society


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Corporate social responsibility

Conducting business in an ethical way and in the

interests of the wider community

Responding positively to emerging societal priorities

and expectations A willingness to act ahead of regulatory

confrontation

Balancing shareholder interests against the interests

of the wider community

Being a good citizen in the community


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A willingness to act ahead of

regulatory confrontation

Balancing shareholder interests

against the interests of the wider

communityBeing a good citizen in the

community


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`

A code of ethics or code of conduct is a way of

communicating the purpose, values and

objectives of an organization. It usually

proposes specific principles and rules ofconduct. A key objective of a code is to

provide guidance on expected behavior as

well as rationale for that behaviour

`What is a code of ethics?


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Corporate Social Responsibility

A new business strategy in which companiesconduct business responsibly by contributing to the

economic health and sustainable development of the

communities in which they operate, offer employeeshealthy, safe, and rewarding work conditions, offer

quality, safe products, and services are

accountable to stakeholders and provide a fair

return to shareholders whilst fulfilling the aboveprinciples.


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Responsible Business Ethics

The RBE defines itself through the approach of

corporate social responsibility (CSR). Through

this process, the RBE defines itself in terms of

core purpose, values, and vision of a valuedfuture. It defines that vision by determining

which stakeholders will be involved in, or

affected by, its choices, actions, and theiroutcomes


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Business for Social Responsibility

Business for Social Responsibility: A company's

commitment to operating in an economically

and environmentally sustainable manner

while recognizing the interests of itsstak.Business decision making linked to ethical

values, compliance with legal requirements,

and respect for people, communities, and theenvironment.

eholders


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Ethical Relativity and Ethical Absolutism

Relativism goes beyond mere thinking that

SSwhat is right in one country or time may be

wrong in another. Everybody thinks that this

can occur. The relativist thinks this because heis a relativist, and the absolutist simply says

that the other ideas are wrong. The relativist

says that what is right in one place/time isactuallywrong in another, not just thought to

be


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Ethical Relativity and Ethical

Absolutism

. The absolutist says that there is an absolute

and actual right across time/countries and if

some people think something is right and

some think it is wrong (which often happensbecause moral ideas or current standards

vary) they are in error.


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can you ever justify not telling the truth? Must we

communicate honestly?


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Balance the needs and wishes of

stakeholders

There is pressure on business to recognize its

responsibilities to society. Business ethics

requires businesses to think about the impact

of its decisions on people or stakeholders whoare directly or indirectly affected by those

decisions. Companies build their image by

acting in accordance with their values,whatever they might be.


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Creating a positive public image comes from

demonstrating appropriate values. Publicizing

and following a company's values allows

stakeholders to understand what the companystands for, that it takes its conduct as an

organization seriously


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Global challenges

Business must become aware of the ethical

diversity of this world because of increasing

globalization of the economy. It must learn

the values of other cultures, how to applythem to its decisions, and how to combine

them with its own values.


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In a world where transnational corporations

and their affiliates account for two-thirds of

the world's trade in goods, and employ 73

million people, corporations cannot afford toignore the reality of multicultural ethics.


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Ethical pay-off

: They serve to protect the organization from

significant risks, and to some degree help

grow the business. Risks such as breaches of

law, regulations or company standards, anddamage to reputation were perceived to be

significantly reduced.


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Employee Retention

With a successful program, the employees work

with managers and supervisors in making

decisions based on the company's values. A

successful Business Ethics program establishesa culture that rewards making the right

decision.


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Preventing civil lawsuits:

Many times employees that experience issues

in the workplace first try to resolve these

issues internally. If their complaints are

ignored, employees feel compelled to go to anoutside advocate. That could be a private

attorney, government regulator or news

agency


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. Giving employees an internal outlet can solve

problems without the event becoming public

knowledge or an issue for the courts. Having

the values permeate the company cultureenhances the staff's trust in senior

management. Why? Because with an effective

program, the staff recognizes thatmanagement also operates within these

appropriate values.


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Market Leadership

Try Ethical Business Practices points out that

businesses demonstrating the highest ethical

standards are also the most profitable and

successful.


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Setting the Example

By setting the example in the community and

market, the entire industry has a new

standard that allows the community and the

market to recognize the company as a leader.When the word gets out, competitors will

have to answer questions about why they

were not establishing similar values.


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Descriptive ethics

Factual description and explanation of moral

behavior and beliefs (typically by

anthropologists, sociologists, and historians);

concerned with what is done. In general, thisview approaches ethical standards as

historical products sanctioned by custom.

Compare with


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Duty

Action, or an act, that is due by moral or legal obligation.

Rights, grounded in core ethical principles such as autonomy,

beneficence/nonmaleficence and justice, create duties --

either of non-interference (for negative rights) or for provision

of social goods (positive rights). Duty need not be groundedonly in the strong language of rights. Day-to-day social

interactions also give rise to notions of duty: promises create

duties of fidelity, gifts create duties of gratitude, and so forth.

Many moral philosophers have argued that participation in apolitical-social system creates a duty to abide by its laws and

standards


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Justice

Commonly described as fairness, but more closely aligned to

the concept of "desert" (pronounced like, but not to be

confused with, "dessert" of the ice-cream et al variety): One

has acted justly toward a person when one gives that person

what is due or owed, and therefor what is deserved. Commonto all definitions of justice is the minimal principle that

relevantly similar cases (persons) be treated alike.

Unfortunately, the definition of "relevantly similar" is not

always self-evident. Some of the most intractable questions

about justice arise over how to specify and prioritize among

the relevant characteristics by which people are to be

considered equal or unequal.


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Rights

That which is due to individuals, based on

core ethical principles. Rights create

parallel duties on the part of others, or on

society as a whole. So-called negative rightsare rights of non-interference (e.g., with ones

speech, conscience, associations), typically

grounded in the principle ofautonomy.Positive rights, by contrast, are rights of

"recipience" (e.g., to education, health care).
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Universalizability

Criterion that moral judgements, principles

and ideals should apply in a similar way to all

persons in relevantly similar circumstances.


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Utility


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Utilitarianism

A conception of the moral life in terms of

means-to-ends reasoning. An act or rule is

right insofar as it produces or leads to the

maximization of good consequences


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Be Trustful

Recognize customers want to do business

with a company they can trust; when trust is

at the core of a company, it's easy to

recognize. Trust defined, is assured reliance onthe character, ability, strength, and truth of a

business.


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Keep An Open Mind

For continuous improvement of a company,

the leader of an organization must be open to

new ideas. Ask for opinions and feedback from

both customers and team members and yourcompany will continue to grow.


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Meet Obligations:

Regardless of the circumstances, do

everything in your power to gain the trust of

past customer's and clients, particularly if

something has gone awry. Reclaim any lost

business by honoring all commitments and

obligations.


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Have Clear Documents: Re-evaluate all print

materials including small business advertising,

brochures, and other business documents

making sure they are clear, precise andprofessional. Most important, make sure they

do not misrepresent or misinterpret.