Professional Documents
Culture Documents
ETHICS
An attempt to find out the nature of morality,
and to define and distinguish what is right from what is wrong. Also called moral philosophy Definition
Acc to G.Velasquez is a study of moral
standards whose explicit purpose is to determine as far as possible whether a given moral standard is more or less correct
Concepts
Definitions
Ethics
Code of behaviour considered correct by society A normative study A science of morals describing a set of rules of behaviour
Personal Ethics
Concern & respect for the autonomy of others Honesty &willingness to comply with the law Fairness &ability not to take undue advantage
contd.
rofessional ethics Profession a vocation or calling, involving a specific branch of advanced study rinciples
impartiality Openness Confidentiality Due diligence Fidelity to professional responsibilities Avoiding potential conflict of interest
Business Ethics
he art & discipline of applying ethical principles to examine &solve complex moral Dilemmas .E is a specialised study of moral right & wrong .E apply to business institutions ,organisations and behaviour study of how moral stds apply to social
o Better Quality of Goods o Goods and Services at reasonable price o Not to practice discriminatory pricing. o Not to make false claims about products in advertisement. o Not to dump the goods
3. Shareholders oEnsure Capital appreciation oEnsure Steady and regular dividends oDisclose all relevant information oProtect minority shareholders interests
4. Banks and other lending institutions o Guarantee safety of borrowed funds o Prompt repayment of loads 5. Government o Complying with rules and regulations o Honesty in paying taxes and other dues
B. Personal Policy Level oNot to use office car, stationery and other facilities for personal use oNot to misuse others for personal oNot to indulge in politics to gain power oNot to spoil promotional chances to others oPromise Keeping oMutual Help
C. Internal Policy Level oFair Practices relating to Recruitment, Compensation, Layoffs, Perks, Promotion etc. oTransformational leadership to motivate employees to aim at better and higher things in life oBetter Communication at levels
D. Societal Level
oConcern for Poor and Downtrodden oNo Discrimination against any particular section or group oConcern for Clean Environment oPreservation of scarce Resources for Future oContribution to better quality of life.
marketing Use of animals in product testing Agricultural practices e.g. intensive farming The degree of safety built into product design Donation to good causes The selling of addictive products e.g. tobacco
market share and destroy competition in order to subsequently raise prices Copying the style of packaging in an attempt to mislead consumers Deceptive advertising Irresponsible issue of credit cards and the irresponsible raising of credit limits Unethical practices in market research and competitor intelligence
home Omitting to provide information on side effects Unsafe products Built in obsolescence Wasteful and unnecessary packaging Deception on size and content Inaccurate and incomplete testing of products Treatment of animals in product testing
Value
ersonal in nature, simplified, cannot be applicable universally xample: Employees loyalty to organisation(is it coworker/supervisor/custome r/investor-difficult to define)
Law
aries from society to society et of rules framed by political system ome Laws may be unethical also example : Nazi law in Jews segregation
M oral
Stds by which we judge
Virtue
Character of a morally
Book Page 8
28
Making contributions to charitable organizations and non-profit institutions Providing benefits for employees in excess of legal requirements Choosing economic opportunities that might be more socially desirable than profitable
corporate principles Operating according to standards of ethical conduct, in words and action Treating colleagues, customers, and consumers with respect Striving to be the best at what matters most to the company Accepting personal responsibility for actions Valuing diversity Making decisions based on facts and principles
Book Page 9
30
relations
Suffer less turnover Enjoy better employee morale
companies that operate in a fair and ethical manner Book Page 9 Bad ethics can lead to bad business results
31
guidelines suggest more lenient treatment for convicted executives if their companies had ethics programs Fines for criminal violations can be lowered by up to 80 percent if the organization has implemented an ethics management program and cooperates with authorities
32
influences
Value of its stock How consumers regard products and services Degree of oversight received from government
Book Page 10
33
Technology Developments
IT Agriculture Bio-Tech Genetic Engineering Infrastructural developments Nano Tech Nuclear Tech
34
Book Page 20
35
IT Ethics(contd.)
Hacking Theft of financial info and assets Stealing application info from applications Phishing Mails (Nigerian Scam etc.) Employee Monitoring Abuse of social networking tools
36
importance of ethics as applied to IT Important technical decisions are often left to technical experts General business managers must assume greater responsibility for these decisions They must be able to make broad-minded, objective, ethical decisions based on technical savvy, business know-how, and a sense of ethics They must also try to create a working environment in which ethical dilemmas can be discussed openly, objectively, and constructively
37
Book Page 20
In Marketing
Planned Obsolecence
Obsolescence of function: This refers to when an item is produced to break down or otherwise become nonfunctional in an abnormally short period of time. e.g. the creation of a new cell phone network that is incompatible with earlier cell phones.
In Mktg (cntd.)
Obsolescence of style: This refers to the the obsolescence of items such as clothing, fashion accessories, and home decorating products due to changes in style. e.g. if the fashion trend is for high skirts, low skirts will be rendered stylistically obsolete. Technical obsolescence: This refers to the obsolescence of an older item caused by the creation of a newer item performing the same function, e.g. a digital camera that takes higher
In Agri
hickens - growth so fast that leg bones break because they cant support the weight of muscle put on ow unable to give birth to calf that is too big so kill the cow (and sell carcass) save the calf worth some money nclosed animals disease spreads quickly se lots of antibiotics dont tell consumer
In Genetic Engineering
Eg. BT Brinjal/Tomato etc. (Jurassic Park?) Are they tested enough for real environment? Good insects/pets/farm animals eating the crop and getting affected is it fully tested? Patented seeds if farmers produce own seed will they get prosecuted? New varities will drive away natural species and reduce ecological diversity
An education leader promotes the success of every student by acting with integrity, fairness, and in an ethical manner. 5 core moral values
Nano Tech
Release of synthetic Nano particles in to environment Toxic aspects to envirnment, humans Use of nano tech for surveillance and privacy issues
Nuclear Tech
Disposal of Nuclear Waste Are the reactors fool proof for ANY type of natural disastors?
Do we have enough safeguards for human errors and budget cuts forever in to future?
Moral development
Kohlberg grouped stages into three levels
moral development into 3 levels, each containing 2 stages Moral development & Moral reasoning
Changes with increase in
Punishment & Obedience Orientation (Child orientation) 2. Stage 2 Instrumental & Relative Orientation
contract orientation
Stage six:
universal