Business ethics strama
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Business ethics strama

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    Business ethics strama Business ethics strama Presentation Transcript

    • Business Ethics Abigan, Paul Igot, Sarah
    • What is business ethics?  set of principles of conduct within organizations that guide decision making and behavior “Good business ethics is a prerequisite for good strategic management; good ethics is just good business!”
    • Business Ethics and Strategists  There is a rising tide of consciousness about the importance of business ethics  Strategists (e.g. CEOs and business owners) are individual primarily responsible for ensuring that high ethical principles are espoused and practices in an organization.  All strategy formulation, implementation and evaluation decisions have ethical ramifications
    • Business Ethics and Strategists  being unethical can be expensive (examples: fake medical study, misleading advertising and labeling, causing environmental harm, poor product or service safety, padding expense accounts, insider trading, dumping banned or flawed products in foreign markets, not providing equal opportunities to women and minorities, overpricing, movi ng jobs overseas, sexual harassment)
    • Code of Business Ethics  Examples of unethical activities that plague online commerce: 1. internet fraud 2. hacking into company computers 3. spreading viruses 4. identity theft
    • Code of Business Ethics  due to ethical issues related to product safety, employee health, sexual harassment, AIDS in the workplace, smoking, acid rain, affirmative action, waste disposal, foreign business practices, cover- ups, takeover tactics, conflicts of interest, employee privacy, inappropriate gifts, security of company records has accentuated the need for strategists to develop a clear code of ethics
    • Code of Business Ethics  A document that provides behavioral guidelines that cover daily activities and decision within an organization  merely having a code of ethics is not sufficient to ensure ethical business behavior  periodic ethics workshops are needed to ensure that the code is read, understood, believed and remembered  punishments for violating and reward for upholding a code can reinforce the firm's business ethics
    • Ethics Culture and Role of Strategists and Managers  ethics cultures needs to permeate in an organization  many organizations have developed a code-of-conduct manual outlining ethical expectations and giving examples of situations that commonly arise in business  Whistle-Blowing – policies that require employees to report any unethical violations they discover or see in the firm
    •  Heidi Mendoza – Carlos Garcia Plunder case  George Rabusa – Pabaon controversy  Jun Lozada – NBN-ZTE controversy  Clarissa Ocampo – Jose Velarde Erap Plunder Case  Vidal Doble – Hello Garci scandal Local examples of whistleblowing
    • Ethics Culture and Role of Strategists and Managers
    • Ethics Culture and Role of Strategists and Managers  strategists take the moral risks of the firm, thus they are responsible for developing, communicating, and enforcing the code of business ethics for their organization  managers also have an integral part, to provide ethics leadership by constant example and demonstration.  Because managers are in the position to influence and educate people, it is their responsibility to develop and implement ethical decision making  “Trees die for the top.” - no one should ever become a strategist unless he or she is willing to have his or her character serve as the model for subordinates
    • Ethics and Strategic Decision Making  history has proven that the greater the trust and confidence of people in the ethics of an institution or society, the greater is its economic strength  more and more firms believe that ethics training and an ethics culture create strategic advantage  ethics training programs should include messages from CEO or business owners emphasizing ethical business practices. The development and discussion of codes of ethics, and procedures for discussing and reporting unethical behavior
    • Ethics and Strategic Decision Making  firms can align ethical and strategic decision making by incorporating ethical considerations into longterm planning, integrating ethical decision making into performance appraisal process, encouraging whistle-blowing, monitoring departmental and corporate performance using ethical issues
    • Bribery
    • Bribery  Bribery is the act of offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in discharge of a public or legal duty  Bribe is gift bestowed to influence a recipient's conduct (can be money, good, right in action, property, preferment, privilege, emolument, object of value, advantage, or merely a promise or undertaking to induce or influence the action, vote or influence of a person in a official or public capacity
    • Bribery under Philippine constitution Can be found in: Revised Penal Code TITLE VII CRIMES COMMITED BY PUBLIC OFFICERS Chapter 2 MALFEASANCE AND MISFEASANCE IN OFFICE section 2  http://www.dpwh.gov.ph/about_us/reforms/gr aft_n_corruption/pdf/Revised%20Penal%20Code 1.pdf
    • Love affairs at work  many firms have policies that prohibit relationships between superior and subordinate  other firms require individuals to inform their supervisors whenever there is a romantic relationship begins with a coworker
    • Love affairs at work  for european firms, romantic relationships are viewed as personal matters and most firms have no polices but they are increasingly adopting explicit, American style sexual harassment laws (example of an explicit, american style sexual harassment law?)  Example: World Bank regard sexual relations between managers and an employee as “de facto conflict of interest which must be resolved to avoid favoritism.” World Bank President Paul Wolfowitz was forced to resign due to a relationship he had with a bank staff (year?)