Corporate Ethical Behaviour
Factors causing unethical behavior <ul><li>Increased Competition </li></ul><ul><li>Increased pressure to earn more profits...
Factors that build an ethical infrastructure <ul><li>Commitment of top management </li></ul><ul><li>Code of ethics – Formu...
Ethical infrastructure <ul><li>System of reward and punishment </li></ul><ul><li>Whistle blowing </li></ul><ul><li>Clearly...
Ethical Decision Making <ul><li>Identify the problem </li></ul><ul><li>Generate alternative solutions </li></ul><ul><li>Ev...
Ethical Reasoning <ul><li>Utilitarian Criteria – Greatest good for greatest number </li></ul><ul><li>Rights criteria – Whi...
Problems in ethical decision making <ul><li>Globalization – Managers in MNC’s find it difficult to standardize ethical beh...
Guidelines for Managers <ul><li>Personal code of ethics </li></ul><ul><li>Industry code </li></ul><ul><li>Non deceptive ad...
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Corp Ethical Behavior

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Corp Ethical Behavior

  1. 1. Corporate Ethical Behaviour
  2. 2. Factors causing unethical behavior <ul><li>Increased Competition </li></ul><ul><li>Increased pressure to earn more profits and satisfy the stakeholders </li></ul><ul><li>Ambiguous Situations </li></ul><ul><li>Political Corruption </li></ul><ul><li>People want to become rich quickly </li></ul><ul><li>Lack of social responsibility </li></ul>
  3. 3. Factors that build an ethical infrastructure <ul><li>Commitment of top management </li></ul><ul><li>Code of ethics – Formulated and enforced </li></ul><ul><li>Communicating Ethics </li></ul><ul><li>Ethics Training </li></ul><ul><li>Audits, revisions and refinements </li></ul><ul><li>Ethics Officer </li></ul>
  4. 4. Ethical infrastructure <ul><li>System of reward and punishment </li></ul><ul><li>Whistle blowing </li></ul><ul><li>Clearly defined procedure for reporting </li></ul><ul><li>A guarantee against retaliation </li></ul><ul><li>Well trained professionals to receive and investigate reports </li></ul><ul><li>Commitment from higher authorities to take appropriate action </li></ul>
  5. 5. Ethical Decision Making <ul><li>Identify the problem </li></ul><ul><li>Generate alternative solutions </li></ul><ul><li>Evaluate the alternatives </li></ul><ul><li>Select and implement the solution </li></ul><ul><li>Keep ethical considerations in mind at each stage </li></ul>
  6. 6. Ethical Reasoning <ul><li>Utilitarian Criteria – Greatest good for greatest number </li></ul><ul><li>Rights criteria – Whistle blowers should be given good protection </li></ul><ul><li>Distributive justice – Fairplay and equal distribution of benefits and costs </li></ul><ul><li>Social Contract criteria –Ground rules for doing business in the society </li></ul>
  7. 7. Problems in ethical decision making <ul><li>Globalization – Managers in MNC’s find it difficult to standardize ethical behavior due to diversity in different societies </li></ul><ul><li>Conflict between individual values vs organizational values </li></ul><ul><li>If decision makers/managers are greedy, ethically the decision itself may go corrupt. </li></ul><ul><li>Poor decisions taken in haste. </li></ul><ul><li>Pressure to achieve goals </li></ul>
  8. 8. Guidelines for Managers <ul><li>Personal code of ethics </li></ul><ul><li>Industry code </li></ul><ul><li>Non deceptive advt. </li></ul><ul><li>Fair dealing with customers </li></ul><ul><li>Safety measures </li></ul><ul><li>High Quality Products </li></ul><ul><li>Following the rules and laws of the land </li></ul>
  9. 9. Thank You
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