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 INTRODUCTION
1. Aim of this handout is give an idea of
ETHICS and ethical behavior in day to day
life of mankind
mankind.. Ethics are closely associated
with the norms of human conduct
conduct.. Presence
and utilization of good ethics ensures the
positive approach of a professional toward
his / her working
working..
2. Religious preaching also envisages on
the ethical practices
practices.. Let us examine the
stature of the lecture in detail
detail..
 INTRODUCTION
1. Philosophers sometimes call it (



 
  whereas professional usually
use or interpret ³ethics´ to refer to element
of professional practice that are part of
dispute resolution
resolution..
2. There is no direct meaning of ethic or
ethical behavior from an Islamic point of
view.. The term most closely related to
view
ethics in Quran is 
.. Depending on
the translation this could be interpreted as
³Character´..
³Character´
 INTRODUCTION
Quran uses many times to describe the
concept of Goodness or good behavior all
of which contribute to formation of
character.. Some are being listed below
character below::

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Vorals are a complex of principles based on
culture, religious or philosophical concepts or
beliefs, by which an individual determines
whether his/her actions are right or wrong
wrong..

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 HAT IS BUSINESS ETHICS
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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
 TO SUVVARIZE«.
å Ethics is a set of rules that define right and
wrong conduct
conduct..
å Ethical rules tell us when our behavior is
acceptable and when it is disapproved and
considered to be wrong
wrong..
å Ethical rules are guides to moral behavior
behavior..
å or many, religious beliefs and
organizations are a major source of ethical
guidance and moral meaning
meaning..
 HISTORY O THE CONCEPT
å Interest in business ethics has been increasing
since 1960
1960¶s
¶s
å A 1982 study reported that of the ortune 500
companies,115
companies, 115 companies (23 23%
%) had been
convicted of at least one major crime or paid
penalties of serious misbehavior
å Is the importance of business ethics declining in
business and government practices?
å Greater focus on ethics, morals and values
values..
 CAN ETHICS BE LEGISLATED?
å Constitution of Pakistan
å Civil Servant Act
å actory Act 1934
å Compensation Act 1923
å ages Act
å Industrial Relations Act
å EOBI
å NIRC
å Labor Courts
UNETHICAL BUSINESS PRACTICES
å Cutting corners on quality
å Covering up incidents
å Abusing or lying
å Lying customers
å Stealing from the company
å Taking credits from co-
co-workers ideas/work
å Taking or giving bribe
UNETHICAL BUSINESS PRACTICES
å Government corruption
å inancial scandals
å Product safety
å Discrimination
å Sexual harassment
å iring an employee for %›(
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å Divulging confidential information
ETHICS START ITH VALUES
 

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 THE STAKEHOLDERS
 



  
  


 


CREATE A VODEL COVPANY
å Trust and Integrity
å Leadership
å Teamwork and Synergy
å Simplicity
å Go Beyond
å Get Things Done!
BUSINESS ETHICS APPLIED



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BUSINESS ETHICS APPLIED



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ETHICS, ECONOVICS & LA
SOURCES O ETHICAL NORVS

  
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 ETHICS & LA
å Law often represents an ethical minimum
minimum..
å Ethics often represents a standard that
exceeds the legal minimum

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Ethics Law
 CONVENTIONAL APPROACH
Conventional approach to business ethics
involves a comparison of a decision or
practice to prevailing societal norms
± Pitfall
Pitfall::  
 

Decision / Practice Prevailing Norms

 3 Vodels of Vanagement Ethics

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å The high prices and poor quality of many products and after-
after-sales service

å The failure of many companies to live up to advertising claims

å Too many products breaking or going wrong after you bring them home

å Visleading packaging
å The feeling that it is a waste of time to complain about consumer problems
because nothing substantial will be achieved
å Inadequate guarantees and warranties
å ailure of companies to handle complaints properly
å Too many products that are dangerous
å The absence of reliable information about various products and services

å Not knowing what to do if something is wrong with a product

 GLOBAL ETHICAL ISSUES
ages and hours
Child labor
Discrimination
Legal and ethical business practices
Product safety and quality
Environment
 HAT CAUSES UNETHICAL
BEHAVIOR
å Stress
å Confusion
å Pressure to perform at expected levels
å Competition within the industry
å No knowledge
å Dubious character
 HAT CAUSES UNETHICAL
BEHAVIOR
å Individual values in conflict with
organizational goals
å Vanagers¶ attitudes and values
å Competitive pressures
å Cross--cultural contradictions
Cross
å P
CONSIDER CONSEQUENCES
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 AN ANALYTICAL APPROACH TO ETHICAL PROBLEVS

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 AN ANALYTICAL APPROACH TO ETHICAL PROBLEMS

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AN ANALYTICAL APPROACH TO ETHICAL PROBLEMS

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 Leaders Vust ³³)
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å Communicate the values
å Build a shared understanding
å Build and maintain the organization¶s culture
å Vodel the behavior you expect from the
organization
å Remember that with rights, you also have
responsibility
 BIBLIOGRAPHY
s Ethics in Business-
Business- ROBERT.B. MADDUX
DOROTHY MADDUX
s Business Ethics and Managerial Values
S.K. BHATIA
s http://www.mapnp.org/library/ethics/
s http://www.uwm.edu/People/andrewk/