Professional Documents
Culture Documents
Evolution of Thoughts
First Phase License Quota Permit Raj(Independence- late 1960s) Second Phase- Socialistic frenzy (1970- mid 1980s) Third Phase- Economic Reforms, 1991
Global Initiatives
Global Sullivan Principles- Includes
Corporations, Higher Education and Civic Involvement
Caux Principles
The Caux Round Table consisted of group Of International Executives. Shared a belief that business organizations can be powerful force for +ve change Two basic ethical ideals: KYOSEI and HUMAN DIGNITY
cont
Principle 3: Business Behavior: beyond the letter of the Law towards a spirit of Trust Principle 4: Respect for Rules Principle 5: Support for Multilateral Trade Principle 6: Respect for Environment Principle 7: Avoidance of Illicit Operations
Ethical Dilemmas
Significant value conflicts among differing interests Real alternatives that are equally justifiable
Significant consequences on "stakeholders in the situation
Recognize that there is a moral issue and define the problem accordingly
Determine the actor who will be affected by the decision. Also determine your role.
Analyze the facts how events happened. This will reduce dilemmas to common patterns which are ultimately manageable
Test for Right versus Right paradigms such as Truth versus Loyalty, self versus community, short term versus long term, justice versus mercy.
Characteristics
of
an
ethical
decision
Right morally correct Equitable - Just and equal Good Highest good for all concerned Proper Appropriate and acceptable
Fair Honesty
Just - Action
Initiating employee
disciplinary
action
against
an
Difficulties making
in
Ethical
decision
Face dilemmas in deciding a course of action Confront a distinction between facts and values
Control System
Ethics of rules and rights Taking a commanding role Rigid Factual Independence
B. Characteristic Features
Code of ethics
Most common way of ethics in the organization institutionalizing
Statements of the norms and beliefs which form the ethical rules of the organization as defined by the middle and top level management
Thank You