Professional Documents
Culture Documents
Meaning of Ethics
Character of a man
Decided by
Conduct of a person
Leads to
Series of Actions
Requires
The questions today are less about why or should ethics be a part of business, than about which ethics should guide business decisions and how ethics can be integrated within business.
Business Ethics
A branch of philosophical ethics Reflect: In what ways do the practices and decisions made within business promote or undermine human well-being?
Like never before, corporations are being asked, encouraged to improve their business practices to emphasize legal and ethical behavior. Companies, professional firms and individuals alike are being held increasingly accountable for their actions, as demand grows for higher standards of corporate social responsibility
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Graphic Organizer
Business Ethics
Creating safe products Fair treatment of employees
Creating jobs
Environmental protection
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Cultural Etiquette
Organization
Individual
A Comprehensive Study
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Values( set of preferences) are said to be the cause and Ethics effect.
Reliance Industries: Reliance believes that any business conduct can be ethical only when it rests on the nine core values of
Honesty, Integrity, Respect, Fairness, Purposefulness, Trust, Responsibility, Citizenship and Caring.
Growth is care for good health Growth is care for safety Growth is care for the environment Growth is conservation Growth is betting on our people Growth is thinking beyond business
What is Morality?
morality can be defined as: a system of rules for guiding human conduct, and principles for evaluating those rules. Two points are worth noting in this definition: (i) morality is a system; and (ii) it is a system comprised of moral rules and principles. moral rules can be understood as "rules of conduct," which are very similar to "policies."
Morals are how we judge others. They are related to traditional beliefs, customs that guide human social behavior
Ethics is based on moral standard and code of conduct whereas moral is generally accepted conduct and conventions of the society
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Ethics
Law
Ethics concentrate on DO s
Law concentrate on DON Ts
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RIGHTS
1. 2. 3. 4. Right to price services Right to raise prices Right to say NO Right to charge clients/customers late fees for not paying on time 5. Right to charge more if need arises 6. Right to learn and do better next time 7. Right to enjoy business
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DUTIES
1. Duties towards Customers
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EHTICAL ORGANISM
Ethics in organization Organizations are becoming more responsible towards society Organizations are towards betterment of society Eg Facilities such as Educational, Medical, Financial are provided Organizations keep record of different social activities
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1. 2. 3. 4. 5. 6. 7.
Increases goodwill & reputation in society Contributes in productivity Contributes for expansion & diversification Develops customer relationships Reduces employee turnover Develops superior subordinates relationship Helps in economic growth & development
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In organizations code of conduct is prepared by the BOD, CEO, Top management, Legal Departments or by the Founder.
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Corporate can be divided into 1. General Rules 2. Organizations Responsibilities 3. Employees Responsibilities
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Ethical Problem
1950s
Time
Early 2000s
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Whether we examine ethical questions explicitly or not, they are answered by each of us every day in the course of our lives.
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