Corp  Ethical Behavior
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Corp Ethical Behavior

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Corp  Ethical Behavior Corp Ethical Behavior Presentation Transcript

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