Ethical Dilemmas in Business

Title:
Presented by : Basit Ali (Uet-29)
Presented to: Engr. Dr Omar Hayat
Course: Professional Ethics
Ethical Dilemmas In Business
Table of contents
 Introduction
 Ethical Dilemmas
 Solutions
 Conclusions
Introduction
 Ethical dilemmas in business are complex situations that require
careful consideration of moral and ethical principles. These
dilemmas arise when there is a conflict between what is right and
what is profitable.
 Businesses face ethical dilemmas on a regular basis, and how they
handle these situations can have a significant impact on their
reputation, customer loyalty, and bottom line.
Environmental Responsibility
Labor Practices
Corporate Social Responsibility
Data Privacy
Bribery and corruption
Ethical Dilemmas
Environmental Responsibility
 One of the most pressing ethical dilemmas in business
today is environmental responsibility. Many companies
prioritize profits over sustainability, leading to practices that
harm the environment and contribute to climate change.
 However, consumers are increasingly demanding
environmentally responsible products and services, and
companies that fail to meet these expectations risk losing
customers and damaging their reputation.
Labor Practices
 Another common ethical dilemma in business is labor
practices. Companies may be tempted to cut costs by
exploiting cheap labor in developing countries, but this can
lead to human rights abuses and poor working conditions.
 On the other hand, paying fair wages and ensuring safe
working conditions can increase production costs and reduce
profits. Balancing these competing interests requires careful
consideration of ethical principles and long-term
consequences.
Corporate Social Responsibility
 Corporate social responsibility (CSR) is a growing trend
in business, as companies recognize the importance of
giving back to their communities and supporting social
causes.
 However, there is often a tension between CSR initiatives
and the pursuit of profits. Some argue that companies
should focus solely on maximizing shareholder value,
while others believe that businesses have a responsibility
to use their resources for the greater good.
Data Privacy
 With the rise of technology and big data, data privacy
has become a major ethical concern for businesses.
Companies collect vast amounts of personal
information from their customers, which can be used
for targeted advertising or sold to third parties.
 However, consumers are increasingly aware of the
risks of data breaches and the potential misuse of
their personal information. Businesses must balance
the benefits of data collection with the need to protect
consumer privacy and maintain trust.
Bribery and Corruption
 Bribery and corruption are pervasive ethical dilemmas in
business, particularly in developing countries where
government officials may demand bribes in exchange for
permits or contracts.
 While bribery may seem like a quick way to secure
business deals, it undermines the rule of law and
perpetuates poverty and inequality. Companies that engage
in bribery and corruption risk legal and reputational
damage, as well as the loss of public trust.
 In order to solve ethical problems, companies and
organizations should develop strict ethical standards for
their employees. Every company must demonstrate its
concerns regarding the ethical norms within the
organization. In addition, companies may provide
ethical training for their employees.
Solutions
Conclusions
 Ethical dilemmas in business are complex and multifaceted,
requiring and multifaceted, requiring careful consideration of
competing interests and values. However, companies that
navigate these dilemmas successfully can build trust, loyalty,
and reputation among stakeholders, ultimately leading to long-
term success.
 By adopting transparent, accountable, and socially responsible
practices, companies can not only meet their financial goals but
also contribute to a better world for everyone.
THANK YOU
1 of 12

Recommended

Corporate Social Responsibility by
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilitySteve Raybould
91.4K views29 slides
Corporate social responsibility in uk and usa by
Corporate social responsibility in uk and usa Corporate social responsibility in uk and usa
Corporate social responsibility in uk and usa Abhinav Singh
1.5K views50 slides
Corporate Social Responsibility Presentation by
Corporate Social Responsibility PresentationCorporate Social Responsibility Presentation
Corporate Social Responsibility PresentationJoshua Brunsdon
9.5K views61 slides
Corporate social responsibility by
Corporate social responsibilityCorporate social responsibility
Corporate social responsibilityRajesh Neithilath
25.3K views53 slides
Introduction to Corporate Social Responsibility by
Introduction to Corporate Social ResponsibilityIntroduction to Corporate Social Responsibility
Introduction to Corporate Social ResponsibilityRajesh Timane, PhD
2.1K views21 slides
Business and Human Rights: MBA / Executive Module by
Business and Human Rights: MBA / Executive ModuleBusiness and Human Rights: MBA / Executive Module
Business and Human Rights: MBA / Executive ModuleEthical Sector
1.6K views34 slides

More Related Content

What's hot

Green Finance for Slideshare by
Green Finance for SlideshareGreen Finance for Slideshare
Green Finance for SlideshareGalley Eco Capital
876 views12 slides
csr - current trends and opportunities by
csr - current trends and opportunitiescsr - current trends and opportunities
csr - current trends and opportunitiesRajesh Timane, PhD
1.8K views13 slides
Conflict in business ethics by
Conflict in business ethicsConflict in business ethics
Conflict in business ethicsAtique Rehman
1.7K views63 slides
Business ethics by
Business ethicsBusiness ethics
Business ethicsDhanush M Holla
28.6K views24 slides
Globalization business ethics by
Globalization business ethicsGlobalization business ethics
Globalization business ethicsArsalan Humayun
5.9K views19 slides
Csr in multinational companies edited by
Csr in multinational companies editedCsr in multinational companies edited
Csr in multinational companies editedkdore
1.4K views18 slides

What's hot(20)

Conflict in business ethics by Atique Rehman
Conflict in business ethicsConflict in business ethics
Conflict in business ethics
Atique Rehman1.7K views
Globalization business ethics by Arsalan Humayun
Globalization business ethicsGlobalization business ethics
Globalization business ethics
Arsalan Humayun5.9K views
Csr in multinational companies edited by kdore
Csr in multinational companies editedCsr in multinational companies edited
Csr in multinational companies edited
kdore 1.4K views
Corporate Social Responsibility Planning Process PowerPoint Presentation Slides by SlideTeam
Corporate Social Responsibility Planning Process PowerPoint Presentation Slides Corporate Social Responsibility Planning Process PowerPoint Presentation Slides
Corporate Social Responsibility Planning Process PowerPoint Presentation Slides
SlideTeam367 views
Corporate social responsibility by Devegowda S R
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
Devegowda S R672 views
Mnc challenges ppt by Priti Mudgal
Mnc challenges pptMnc challenges ppt
Mnc challenges ppt
Priti Mudgal7.6K views
CORPORATE SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINST by Sundar B N
CORPORATE  SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINSTCORPORATE  SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINST
CORPORATE SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINST
Sundar B N3.5K views
Corporate Social Responsibility by Shahzad Khan
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
Shahzad Khan71.3K views
Corporate Social Responsibility ppt. by Saurabh Tiwari
Corporate Social Responsibility ppt.Corporate Social Responsibility ppt.
Corporate Social Responsibility ppt.
Saurabh Tiwari189.3K views
A step by step innovation process by David Stoffel
A step by step innovation processA step by step innovation process
A step by step innovation process
David Stoffel2.3K views
Role of ng os in csr arpit by priyankafrenz
Role of ng os in csr arpitRole of ng os in csr arpit
Role of ng os in csr arpit
priyankafrenz4.4K views
Environmental and ethical issues by JohnAde1
Environmental and ethical issuesEnvironmental and ethical issues
Environmental and ethical issues
JohnAde11.8K views
Green Business is Good Business by andreadean
Green Business is Good BusinessGreen Business is Good Business
Green Business is Good Business
andreadean6K views

Similar to Ethical Dilemmas in Business

Ethics in international business by
Ethics in international business Ethics in international business
Ethics in international business Asif Hussain Dilshad
127 views26 slides
Ijaprr vol1-2-17-85-91shailesh by
Ijaprr vol1-2-17-85-91shaileshIjaprr vol1-2-17-85-91shailesh
Ijaprr vol1-2-17-85-91shaileshijaprr_editor
236 views7 slides
03 ethical issues in business by
03 ethical issues in business03 ethical issues in business
03 ethical issues in businessNimantha Perera
29.4K views24 slides
Ethics by
EthicsEthics
EthicsDr. Amit Joshi
2.4K views36 slides
Essays On Business Ethics by
Essays On Business EthicsEssays On Business Ethics
Essays On Business EthicsPaper Writer Services
2 views21 slides
CHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docx by
CHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docxCHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docx
CHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docxedward6king79409
13 views31 slides

Similar to Ethical Dilemmas in Business (20)

Ijaprr vol1-2-17-85-91shailesh by ijaprr_editor
Ijaprr vol1-2-17-85-91shaileshIjaprr vol1-2-17-85-91shailesh
Ijaprr vol1-2-17-85-91shailesh
ijaprr_editor236 views
03 ethical issues in business by Nimantha Perera
03 ethical issues in business03 ethical issues in business
03 ethical issues in business
Nimantha Perera29.4K views
CHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docx by edward6king79409
CHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docxCHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docx
CHAPTER 10 • BUSINESS ETHICSSOCIAL RESPONSIBILITYENVIRONMENT.docx
edward6king7940913 views
The Business Case For Technology Investments by Nessa Hall
The Business Case For Technology InvestmentsThe Business Case For Technology Investments
The Business Case For Technology Investments
Nessa Hall2 views
BUSINESS ETHICS.pptx by DDSID
BUSINESS ETHICS.pptxBUSINESS ETHICS.pptx
BUSINESS ETHICS.pptx
DDSID13 views
Professional ethics in business by KongChunLeong1
Professional ethics in businessProfessional ethics in business
Professional ethics in business
KongChunLeong184 views
Should every Listed Company have an Ethics Officer? by T A Sairam
Should every Listed Company have  an Ethics Officer?Should every Listed Company have  an Ethics Officer?
Should every Listed Company have an Ethics Officer?
T A Sairam900 views
Week 3 Powerpoint by Michael Hill
Week 3 PowerpointWeek 3 Powerpoint
Week 3 Powerpoint
Michael Hill2.9K views
Business sustainability 2 - U of Huddersfield and Kajire Girls by Sote ICT
Business sustainability 2  - U of Huddersfield and Kajire Girls Business sustainability 2  - U of Huddersfield and Kajire Girls
Business sustainability 2 - U of Huddersfield and Kajire Girls
Sote ICT585 views
Respond to... Ethical behavior drastically affects the company.docx by wilfredoa1
Respond to... Ethical behavior drastically affects the company.docxRespond to... Ethical behavior drastically affects the company.docx
Respond to... Ethical behavior drastically affects the company.docx
wilfredoa18 views
Corporate Governance and Business Ethics - PPT.pptx by Rukmani Sachdeva
Corporate Governance and Business Ethics - PPT.pptxCorporate Governance and Business Ethics - PPT.pptx
Corporate Governance and Business Ethics - PPT.pptx
Rukmani Sachdeva 1.3K views
How Technology And Globalization Have Enhanced Business... by Jennifer Moore
How Technology And Globalization Have Enhanced Business...How Technology And Globalization Have Enhanced Business...
How Technology And Globalization Have Enhanced Business...
Jennifer Moore5 views
How to solve ethical issues in business by Prosta Osman
How to solve ethical issues in businessHow to solve ethical issues in business
How to solve ethical issues in business
Prosta Osman137 views
How Technology Can Help Run Business Practices by Myel Ramos
How Technology Can Help Run Business PracticesHow Technology Can Help Run Business Practices
How Technology Can Help Run Business Practices
Myel Ramos2 views

Recently uploaded

Defcon Network.pdf by
Defcon Network.pdfDefcon Network.pdf
Defcon Network.pdfJesse Mauck
18 views4 slides
Integrating Talent Management Practices by
Integrating Talent Management PracticesIntegrating Talent Management Practices
Integrating Talent Management PracticesSeta Wicaksana
29 views29 slides
VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 11/2023 ISSUE by
VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 11/2023 ISSUEVCOSA - VIETNAM COTTON - YARN MARKET REPORT - 11/2023 ISSUE
VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 11/2023 ISSUEVietnam Cotton & Spinning Association
31 views26 slides
terms_2.pdf by
terms_2.pdfterms_2.pdf
terms_2.pdfJAWADIQBAL40
18 views8 slides
NYKAA PPT .pptx by
NYKAA PPT .pptxNYKAA PPT .pptx
NYKAA PPT .pptx125071081
16 views9 slides

Recently uploaded(20)

Integrating Talent Management Practices by Seta Wicaksana
Integrating Talent Management PracticesIntegrating Talent Management Practices
Integrating Talent Management Practices
Seta Wicaksana29 views
NYKAA PPT .pptx by 125071081
NYKAA PPT .pptxNYKAA PPT .pptx
NYKAA PPT .pptx
12507108116 views
Top 10 Web Development Companies in California by TopCSSGallery
Top 10 Web Development Companies in CaliforniaTop 10 Web Development Companies in California
Top 10 Web Development Companies in California
TopCSSGallery73 views
Accounts Class 12 project cash flow statement and ratio analysis by JinendraPamecha
Accounts Class 12 project cash flow statement and ratio analysisAccounts Class 12 project cash flow statement and ratio analysis
Accounts Class 12 project cash flow statement and ratio analysis
JinendraPamecha25 views
The Truth About Customer Journey Mapping by Aggregage
The Truth About Customer Journey MappingThe Truth About Customer Journey Mapping
The Truth About Customer Journey Mapping
Aggregage82 views
See the new MTN tariffs effected November 28, 2023 by Kweku Zurek
See the new MTN tariffs effected November 28, 2023See the new MTN tariffs effected November 28, 2023
See the new MTN tariffs effected November 28, 2023
Kweku Zurek29.5K views
Bloomerang_Forecasting Your Fundraising Revenue 2024.pptx.pdf by Bloomerang
Bloomerang_Forecasting Your Fundraising Revenue 2024.pptx.pdfBloomerang_Forecasting Your Fundraising Revenue 2024.pptx.pdf
Bloomerang_Forecasting Your Fundraising Revenue 2024.pptx.pdf
Bloomerang134 views
On the Concept of Discovery Power of Enterprise Modeling Languages and its Re... by Ilia Bider
On the Concept of Discovery Power of Enterprise Modeling Languages and its Re...On the Concept of Discovery Power of Enterprise Modeling Languages and its Re...
On the Concept of Discovery Power of Enterprise Modeling Languages and its Re...
Ilia Bider15 views
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck by HajeJanKamps
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckPitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
HajeJanKamps502 views
bookmyshow-1.pptx by 125071035
bookmyshow-1.pptxbookmyshow-1.pptx
bookmyshow-1.pptx
12507103513 views

Ethical Dilemmas in Business

  • 1. Title: Presented by : Basit Ali (Uet-29) Presented to: Engr. Dr Omar Hayat Course: Professional Ethics Ethical Dilemmas In Business
  • 2. Table of contents  Introduction  Ethical Dilemmas  Solutions  Conclusions
  • 3. Introduction  Ethical dilemmas in business are complex situations that require careful consideration of moral and ethical principles. These dilemmas arise when there is a conflict between what is right and what is profitable.  Businesses face ethical dilemmas on a regular basis, and how they handle these situations can have a significant impact on their reputation, customer loyalty, and bottom line.
  • 4. Environmental Responsibility Labor Practices Corporate Social Responsibility Data Privacy Bribery and corruption Ethical Dilemmas
  • 5. Environmental Responsibility  One of the most pressing ethical dilemmas in business today is environmental responsibility. Many companies prioritize profits over sustainability, leading to practices that harm the environment and contribute to climate change.  However, consumers are increasingly demanding environmentally responsible products and services, and companies that fail to meet these expectations risk losing customers and damaging their reputation.
  • 6. Labor Practices  Another common ethical dilemma in business is labor practices. Companies may be tempted to cut costs by exploiting cheap labor in developing countries, but this can lead to human rights abuses and poor working conditions.  On the other hand, paying fair wages and ensuring safe working conditions can increase production costs and reduce profits. Balancing these competing interests requires careful consideration of ethical principles and long-term consequences.
  • 7. Corporate Social Responsibility  Corporate social responsibility (CSR) is a growing trend in business, as companies recognize the importance of giving back to their communities and supporting social causes.  However, there is often a tension between CSR initiatives and the pursuit of profits. Some argue that companies should focus solely on maximizing shareholder value, while others believe that businesses have a responsibility to use their resources for the greater good.
  • 8. Data Privacy  With the rise of technology and big data, data privacy has become a major ethical concern for businesses. Companies collect vast amounts of personal information from their customers, which can be used for targeted advertising or sold to third parties.  However, consumers are increasingly aware of the risks of data breaches and the potential misuse of their personal information. Businesses must balance the benefits of data collection with the need to protect consumer privacy and maintain trust.
  • 9. Bribery and Corruption  Bribery and corruption are pervasive ethical dilemmas in business, particularly in developing countries where government officials may demand bribes in exchange for permits or contracts.  While bribery may seem like a quick way to secure business deals, it undermines the rule of law and perpetuates poverty and inequality. Companies that engage in bribery and corruption risk legal and reputational damage, as well as the loss of public trust.
  • 10.  In order to solve ethical problems, companies and organizations should develop strict ethical standards for their employees. Every company must demonstrate its concerns regarding the ethical norms within the organization. In addition, companies may provide ethical training for their employees. Solutions
  • 11. Conclusions  Ethical dilemmas in business are complex and multifaceted, requiring and multifaceted, requiring careful consideration of competing interests and values. However, companies that navigate these dilemmas successfully can build trust, loyalty, and reputation among stakeholders, ultimately leading to long- term success.  By adopting transparent, accountable, and socially responsible practices, companies can not only meet their financial goals but also contribute to a better world for everyone.

Editor's Notes

  1. 1