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Unethical business practices
 

Unethical business practices

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    Unethical business practices Unethical business practices Presentation Transcript

    • Class : s.Y B.f.M suBjeCt : Business ethiCs topiC : unethiCal Business praCtiCes seMester : iii Date :16/07/2012 Submitted to, Girish Bhawnani
    • HEMANT CHAUDHARI 09 NAVEEN JETHWANI 22 LAVEEN PARYANI 49 DINESH DULANI 50 DINESH WADHWA 51 CHUNKY LULLA 54 HITESH KUKREJA 55 SONI AHUJHA 59 PRIYA MANWANI 60
    • Meaning “Business Ethics simply Means Following Practices in business which are morally correct and socially correct” Individual Organization Basic Questions Related to Business Ethics  Can A Business Be Ethical?  Do ‘’Ethics’’ Matter More now than Before?  Whose Ethics Are They?  Isn’t The Best Ethic Maximizing Share Holder’s Value?
    • "Let me appeal to your sense of doing things my way"
    • Abusive or Intimidating Behavior Accurate but Incomplete Disclosures Discrimination against Protected Class Receiving/Offering Bribes, Kickbacks or Incentives Theft or Fraud: Personal Use of Company Property or Expense Account Misrepresentations Termination without Fair Notice or Cause
    •    Does “Doing the Right Thing” Matter? To Whom Does it Matter? What are the Costs to Business of Unethical Behavior?
    • Legal Requirements often represent an Ethical Minimum Personal Ethical Standards Generally Exceed Legal Standards Laws are Ethical Issues with Societal Implications as interpreted by a Legislature; Personal Ethics have Broader Context and Application
    • What are the different levels at which issues originate and how they move to other levels?  Individual  Organizational  Societal
    • CORRUPTION DECREASING COMPETITION POLLUTION ADULTERATION
    • Ethical Issues require Persons or Organizations to choose an Action that may get judged as right or wrong Classifications of Business Ethical Issues  Conflicts of Interest  Fairness and Honesty  Communications  Organizational Relationships
    • Lack of proper education Raising Inefficiency Ineffective Laws Exploiting the consumer
    • Organizations that Promote an “Ethical Climate” provide an Opportunity to develop an “Ethical Culture” Starts with Organization-wide Commitment: Organizations have to WANT to “Do the Right Thing” Obtain Commitments from CEO, President and Board of Directors With Commitment, Organizations can Define their “Right Thing” and decide How to “Do It”
    • Is Action consistent with Organization’s Goals, not motivated by self-interest? Does Action respect the Rights of Individuals and Groups affected by it? Should behaviour be equal from top level to lower level of management
    •  Decision-making includes Personal, Organizational and Societal Values  Ethical Values always open to Discussion and Criticism of the society.  Accept Responsibility for Sound Moral Judgments, It’s in Everyone’s Job Description