“Business Ethics simply Means Following Practices in
business which are morally correct and socially correct”
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
Legal Requirements often represent an Ethical Minimum
Personal Ethical Standards Generally Exceed Legal
Laws are Ethical Issues with
Societal Implications as
interpreted by a Legislature;
Personal Ethics have
Broader Context and
What are the different levels at which
issues originate and how they move to
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
Lack of proper education
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
With Commitment, Organizations can Define their “Right
Thing” and decide How to “Do It”
Is Action consistent with Organization’s Goals, not motivated
Does Action respect the Rights of Individuals and Groups
affected by it?
Should behaviour be equal from top level to lower level of
Decision-making includes Personal, Organizational and
Ethical Values always open to Discussion and Criticism
of the society.
Accept Responsibility for Sound Moral Judgments, It’s in
Everyone’s Job Description