Your SlideShare is downloading. ×
Business ethics
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Business ethics

323
views

Published on


0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
323
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. SELF MANAGEMENT SKILLS UZMA QAZI IBTIHAJ HUSSAIN 19.OCTOBER.2012
  • 2. BUSINESS ETHICS &SOCIAL RESPONSIBILITY
  • 3. Ethics Ethics  Beliefs about what’s right and wrong Ethical Behavior Ethical behavior is characterized by: Honesty. Fairness. Equality. Rights of individual and groups of people. Unethical Behavior  Vise versa.
  • 4. Ethics, Contd. Sources of individual ethics: Childhood responses to adult behavior Influence of peers Experiences in adulthood Managerial ethics Behavior toward employees Behavior toward the organization Behavior toward other economic agents—customers, competitors, stockholders, and environment
  • 5. Assessing Ethical Behavior Three-step model for applying ethical judgments to situations: gather relevant factual information determine the most appropriate moral values make an ethical judgment based on the rightness or wrongness of the proposed activity or policy
  • 6. Four Ethical Norms Utility—does a particular act optimize what is best for those who are affected by it? Rights—does it respect the rights of the individual involved? Justice—is it consistent with what we regard as fair? Caring—is it consistent with people’s responsibilities to each other?
  • 7. Business Ethics Business Ethics refer to the application of moral standards of right and wrong to business situations.
  • 8. Factors Affecting Ethical BusinessBehavior Employees  Personal values & ethics Social Factors  Cultural norms  Coworkers – peer pressure Opportunity  Whether a business rejects or condones unethical behavior (look the other way).
  • 9. Methods Companies Use to Encourage Ethical Conduct Top level management involvement Establish a written code of ethics Conduct ethics training programs Hire ethical people Whistle-blower hotline
  • 10. Code of Ethics A Code of Ethics is a written guide to acceptable and ethical behavior. Outlining uniform policies, standards, and punishments for violations.
  • 11. Social Responsibility Social responsibility is an obligation for businesses to consider society in its decision making and actions.
  • 12. Stakeholder Model of SocialResponsibility Business is responsible to ALL stakeholders (employees, communities, environment, etc.)– not just stockholders. Business is part of society and can’t ignore social issues Business can create a more stable environment for long-term profitability by resolving social issues. Prevents government intervention, which could force businesses to do what they fail to do voluntarily Can be profitable and have public relations benefits. ―Green is good business‖
  • 13. Spending for Social Responsibility AGAINST Companies are only responsible to stockholders, who want return on investment Corporate time, money, and talent should be used to maximize profits, not solve society’s problems Business should not be expected to solve social problems Social issues are responsibility of elected officials and the government
  • 14. Methods companies use to develop a program of social responsibility includes: Commitment of top executives, policy Part of strategic planning Appointment of a director Social Audit
  • 15. Areas of Social Responsibility Environment green -- house gases, water, packaging, sustainability, product modification  EX: disposal of toxic waster, recycling; control of air, land & water pollution, Green Marketing Customers -- advertising, labeling, pricing  EX: for consumers -- quality products at fair prices Employees – fair recruiting, hiring, training, promoting, compensation, termination, whistle blowers Investors – no abuse of resources, misrepresenting finances, excessive salaries, insider trading
  • 16. Implementing Social ResponsibilityPrograms  Approaches to Social Responsibility
  • 17. Social Responsibility and the SmallBusiness Large Business versus Small Business  Differences are primarily differences of scale  More issues are questions of individual ethics Ethics and social responsibility are decisions faced by all managers in all organizations, regardless of rank or size