SlideShare a Scribd company logo
1 of 35
MORAL PRINCIPLES
(Part 1)
Objectives:
 Able to determine and understand the six moral
principles of Ethics.
 Human Dignity in the Priority of Labor over Capital
 Respects for Basic Employee Rights
 Social Justice
 Social Dimension of Private property
 Option for the Bottom of the Pyramid
 Earth Responsibility and Sustainable Development.
Moral Principle 1
Human Dignity in the Priority of Labor over
Capital
What you mean by “man above other M's”?
• Man, the human person, is above other
M's (material resources, machine,
methods, management, money, etc.).
• The human labor, the spiritual worker, the
intelligent capital, with God-sublime
dignity, is the real wealth creator (John
Paul II, 1981).
What business factors create wealth?
• Providers of capital, otherwise known as
shareholders lay claim to most wealth that
corporations create or generate.
• Marjorie Kelly (2001) underlines the importance
of labor, otherwise known as the human capital
or intellectual capital, the intelligent
entrepreneur, the strategic manager, the diligent
worker. Human resource (labor) is also called
human capital, and human knowledge is known
as intellectual capital.
Where did all material capital come from?
• In philosophical terms, all capital is
apparently the result of the historical
heritage of human labor, which means it is
human labor that give birth to capital.
Did Abraham Lincoln ever say that “capital is
the fruit of labor”?
• Lincoln said that “capital is the fruit of
labor, and could never have existed if
labor had not first existed; that labor can
exist without capital, but that capital could
never existed without labor. Hence, they
hold that labor is the superior - greatly the
superior - of capital” (1859)
Is human labor a sacrificial lamb?
• It may happen that management hits rank-
and-file the strongest in times of regional
or global “stagflation” (stagnation and
inflation combined), recession, or period of
reengineering. As Richard Gwyn (1997)
puts it, “Labor is sacrificed on the inflation
rate's altar of oblation.”
Is labor the means to economic
development?
• The human person is not the means to be used for
economic development. The other way is true, that is,
the economic development is a means for the total
development of the human person (Mehrotra & Jolly,
1998).
• Economist Mahar Mangahas (cited in Maximiano, 2003)
said that “in assessing what we should first service -
labor or capital and its high interests - we have chosen to
service the latter when it is the welfare of the former we
should be most concerned with at this time.”
Is the spirit superior over matter?
• John Paul II, in Centessimus annus
(1991), emphasizes the “priority of ethics
over technology, the primacy of the person
over things, and the superiority of spirit
over matter.”
Is it easy for business to practice this
principle?
• Some managers argue that people are
hired to work and it is “not our business to
train them.” Total manpower training and
development, wrongly perceived as “all
cost and no return,” are therefore last
among the priorities of some corporate
management (Kelley, 2006).
How is human dignity preserved among
migrant workers or OFWs?
• It is unfortunate that overseas or migrant
workers, considered as modern-day
heroes, are almost always prone to all
sorts of exploitation by their employers in
the host countries.
Is there a more philosphical understanding
of human dignity?
• Human dignity is in the laborer, as it is in the customer
who has the right to be served beyond satisfaction. It is
in the community, the beneficiary of CSR program, as it
is in those in the bottom of the pyramid.
Is human labor at times reduced to some
aspects below his dignity?
• The human person is reduced from homo sapiens
(thinking being) to homo faber (working man), as if the
whole being of the worker is equal to his work only and
nothing more. From homo faber, labor is at times
reduced to homo oeconomicus, as if the whole essence
of the human person is equal only to his quantified
materiality, position occupied in the corporate ladder,
income bracket, number of credit cards, insurance or
financial worth. It should not be so.
Why is the idea of imago Dei relevant to
human labor?
• As professed by the 1948 Universal Declaration
of Human Rights: “ All men are are created
equal in dignity and rights,” that is every man ,
woman, and child possess intrinsic dignity,
regardless of race or color, religion, sex, party
affiliation, or business connections.
What should be the appropriate assessment
of human labor in trade and industry?
• Jose Concepcion, Jr. (Chairman of the ASEAN Chamber
of Commerce , 1996) proposed the rationale why
business has to concider the issue of human dignity. He
said that the agenda of business should express a
deliberate commitment by all to feel the pain and agony
of people who do not live in the dignity of the human
person. He added: “We cannot push free trade for free
trade's sake. Our objective is to improve the quality of
life, especially that of the poor.”
What is a more sublime paradigm of the
human dignity?
• The correct concept of labor and human dignity is that of
divine image, and this concept of labor is possible
regardless of various beliefs or religious affiliations. The
human person's natural mission is to subdue the earth
and dominate it. By his labor, the human worker honors
the gifts and talents he received from the Creator.
Should the priority of labor over the capital
at the heart of business?
• Yes, this moral principle should be at the heart of every
business, where labor is the primary efficient cause,
while capital, the whole collection of means of
production, remains a mere instrument or instrumental
cause.
“Companies cannot survive nor thrive in an environment
where its only concern is profits. In the long run, the
company itself must depend on people for its survival.”
-Cesar A. Buenaventura
Moral Principle 2
Respects for Basic Employee Rights
What is the business of human rights in
business?
• “All human rights are universal,
indivisible..interdependent and interrelated.”
What is the right to work?
• The right to work is fundamental because it flows
from nature, as it is inborn in every person. The
human person is created to work, to till the soil
and raise the cattle, to subdue the earth and its
natural resources. Social responsibility means
making an attempt to fill up this innate vacuum in
the human person (Francis, 2013; John Paul II,
1981).
Why is the right to work fundamental to all?
WHY? Addressed to:
First Reason Survival needs Self
Second Reason Natural obligation to
support others
Dependents
Third Reason Psychological need Self
What is the right to equal employment
oportunities?
• Equality in employment embraces all without
discrimation: Women, gay, the aged, and those
with heavy Ilocano accent. Employers cannot
and should not discriminate in job application
procedures; the hiring, advancement or
discharge of employees; employee
compensation; job training; and any other terms,
conditions and privileges of employment
(Mendes, 1996).
What is the right to just wage and
compensation?
• In the legal sense, the just wage is the minimum wage
that will not only enable the worker to meet the bare cost
of living, but will also provide a means of desirable
improvements in the quality of life. Just wage is not only
the bread to win but also the means to enjoy a better
quality life.
• Anything less is morally unacceptable.
What is the basic employee right to security
of tenure?
• Security of tenure means that, in case of regular
employment, the services of any one of the workers
cannot just be terminated except for a just cause or after
a due process.
• The employee right to due process consists of an
objective evaluation of his/her case, a fair hearing and a
chance to appeal, a process very fundamental in firing
and even in demoting.
What is the right to due process and a
grievance procedure?
• Due process is the procedure by which an employee can
appeal a decision or action made by a superior in order
to get a rational explanation of the decision and objective
review of its propriety.
Do employees have the right to be trained,
to grow, and develop?
• Change is what ancient philosophers and modern hi-tech
experts refer to as the “only permanent thing in the
world.”
• Change can actually make the knowledge and skills one
has learned today obsolete in the near future, and that is
the reason why there is a need to train. Randolf (1995)
insists that training is an empowerment that “consists of
a few simple steps and a lot of persistence” - and it is
both your right and duty.
What is the right to collective bargaining?
• As a mode of settling labor disputes and a just means of
compromise between the employer and the laborers, the
collective bargaining is always directed to some issues
and conditions of employment,which are over and above
those mandated by law.
Moral Principle 3
Social Justice
What is social justice?
• Justice is traditionally defined as suum cuique tradere
meaning “the disposition by which we render to each one
what is due to him/her.”
• Justice implies that everybody plays fair and square,
practicing, honesty and fairness in dealing with others,
that is, if everyone wants to keep the business
environment sound, orderly, and intact (see John Rawls,
1971).
Is the issue of justice pertinent to business
and market system?
• Justice dictates that everyone is recognized and
respected for what he/she is, regardless of race, religion,
political connection, or sexual orientation, in the
company's active fight against any kind of bias,
prejudice, and discrimation; that no one is mistreated or
shortchanged and no one is exploited or verbally abused
in the workplace - domestic helper, factory worker, driver,
gasoline boy, and all others.
What are the different forms of justice?
• General Justice - directed to the “norms of right order,”
specifcally towards the promotion of the common good.
• Distributive Justice - disposes the legitimate authority to
justly distribute the benefits and burdens to particular
individuals (Aristotle).
* The distribution of burdens in taxation requires
proportionate equality, and proportionate equality is not
necessarily an equal share but a fair share of carrying the burde
of taxes
• Commutative Justice - main concern is the strict
mathematical equality that requires us to give to others
what is due to them (Aquinas).
• Social Justice - from the Christian point of view requires
the private sector, all business institutions, NGOs, and the
government to acknowledge that the greatest benefits
should go to the four L's: less fortunate, least advantaged,
the last and the lost.
* preferential option of the poor.
Moral Principles in Business: Respecting Human Dignity

More Related Content

What's hot

Marketing aspects of Feasibility Study
Marketing aspects of Feasibility StudyMarketing aspects of Feasibility Study
Marketing aspects of Feasibility StudyJeziel Camarillo
 
Chapter 1 thesis Customer Satisfaction
Chapter 1 thesis Customer SatisfactionChapter 1 thesis Customer Satisfaction
Chapter 1 thesis Customer SatisfactionCatleya Pomperada
 
Religion and Ethics
Religion and EthicsReligion and Ethics
Religion and Ethicsdborcoman
 
Philippine Franchising Law
Philippine Franchising LawPhilippine Franchising Law
Philippine Franchising LawJDP Consulting
 
Ethical Theory and Business
Ethical Theory and BusinessEthical Theory and Business
Ethical Theory and BusinessDenni Domingo
 
187153232 obligations-and-contracts
187153232 obligations-and-contracts187153232 obligations-and-contracts
187153232 obligations-and-contractsisraelmercadoramos
 
Kant's moral theory chapter 6 lecture
Kant's moral theory chapter 6 lectureKant's moral theory chapter 6 lecture
Kant's moral theory chapter 6 lectureMut Somoeun
 
Chapter 7: Deontology
Chapter 7: DeontologyChapter 7: Deontology
Chapter 7: Deontologydborcoman
 
Chapter 6: Utilitarianism
Chapter 6: UtilitarianismChapter 6: Utilitarianism
Chapter 6: Utilitarianismdborcoman
 
Important elements in making moral decisions
Important elements in making moral decisionsImportant elements in making moral decisions
Important elements in making moral decisionsJoseph Christian Legaspi
 
Competitiveness, strategy and productivity
Competitiveness, strategy and productivityCompetitiveness, strategy and productivity
Competitiveness, strategy and productivityMOHD BILAL NAIM SHAIKH
 
Article 2 Philippine Constitution
Article 2 Philippine ConstitutionArticle 2 Philippine Constitution
Article 2 Philippine Constitutioncristineyabes1
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibilityPamela Gonzales
 

What's hot (20)

Marketing aspects of Feasibility Study
Marketing aspects of Feasibility StudyMarketing aspects of Feasibility Study
Marketing aspects of Feasibility Study
 
Utilitarianism
UtilitarianismUtilitarianism
Utilitarianism
 
Chapter 1 thesis Customer Satisfaction
Chapter 1 thesis Customer SatisfactionChapter 1 thesis Customer Satisfaction
Chapter 1 thesis Customer Satisfaction
 
Ethics(final)
Ethics(final)Ethics(final)
Ethics(final)
 
Religion and Ethics
Religion and EthicsReligion and Ethics
Religion and Ethics
 
Philippine Franchising Law
Philippine Franchising LawPhilippine Franchising Law
Philippine Franchising Law
 
Ethical Theory and Business
Ethical Theory and BusinessEthical Theory and Business
Ethical Theory and Business
 
Chapter 7 norms of morality
Chapter 7 norms of moralityChapter 7 norms of morality
Chapter 7 norms of morality
 
187153232 obligations-and-contracts
187153232 obligations-and-contracts187153232 obligations-and-contracts
187153232 obligations-and-contracts
 
TQM Presentation (JOLLIBEE)
TQM Presentation (JOLLIBEE)TQM Presentation (JOLLIBEE)
TQM Presentation (JOLLIBEE)
 
Kant's moral theory chapter 6 lecture
Kant's moral theory chapter 6 lectureKant's moral theory chapter 6 lecture
Kant's moral theory chapter 6 lecture
 
Chapter 7: Deontology
Chapter 7: DeontologyChapter 7: Deontology
Chapter 7: Deontology
 
Chapter 6: Utilitarianism
Chapter 6: UtilitarianismChapter 6: Utilitarianism
Chapter 6: Utilitarianism
 
Important elements in making moral decisions
Important elements in making moral decisionsImportant elements in making moral decisions
Important elements in making moral decisions
 
Competitiveness, strategy and productivity
Competitiveness, strategy and productivityCompetitiveness, strategy and productivity
Competitiveness, strategy and productivity
 
Article 2 Philippine Constitution
Article 2 Philippine ConstitutionArticle 2 Philippine Constitution
Article 2 Philippine Constitution
 
Philippine SMEs
Philippine SMEsPhilippine SMEs
Philippine SMEs
 
Ethics
EthicsEthics
Ethics
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Business ethics ethical theory
Business ethics   ethical theoryBusiness ethics   ethical theory
Business ethics ethical theory
 

Similar to Moral Principles in Business: Respecting Human Dignity

The ROI of Human Centricity
The ROI of Human CentricityThe ROI of Human Centricity
The ROI of Human CentricityMalcolm Ryder
 
Business ethics and spirituality at work place
Business ethics and spirituality at work placeBusiness ethics and spirituality at work place
Business ethics and spirituality at work placeVarinder Kumar
 
Ethics - Bang Tran's part
Ethics - Bang Tran's partEthics - Bang Tran's part
Ethics - Bang Tran's partBang Tran
 
BECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTES
BECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTESBECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTES
BECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTESSooraj Krishnakumar
 
Businessethicsandspiritualityatworkplace 110212205116-phpapp01
Businessethicsandspiritualityatworkplace 110212205116-phpapp01Businessethicsandspiritualityatworkplace 110212205116-phpapp01
Businessethicsandspiritualityatworkplace 110212205116-phpapp01Barb Padbury
 
Memo on Hiring You are a manager in a firm in a very competitive.docx
Memo on Hiring You are a manager in a firm in a very competitive.docxMemo on Hiring You are a manager in a firm in a very competitive.docx
Memo on Hiring You are a manager in a firm in a very competitive.docxARIV4
 
CH-1&2-introduction-of-hrm...ppt
CH-1&2-introduction-of-hrm...pptCH-1&2-introduction-of-hrm...ppt
CH-1&2-introduction-of-hrm...pptselam49
 
Ethics, Governance and Sustainability
Ethics, Governance and SustainabilityEthics, Governance and Sustainability
Ethics, Governance and SustainabilityGOVIND KUMAR MISHRA
 
Business ethics introduction
Business ethics introductionBusiness ethics introduction
Business ethics introductionAbdul Sharique
 
Notable quotations work and workers rights
Notable quotations work and workers rightsNotable quotations work and workers rights
Notable quotations work and workers rightsDenni Domingo
 
Ethics in Corporate Social Responsibility
Ethics in Corporate Social ResponsibilityEthics in Corporate Social Responsibility
Ethics in Corporate Social ResponsibilityIOSRJBM
 
The biggest corporation, like the humblest citiz.docx
The biggest corporation, like the humblest citiz.docxThe biggest corporation, like the humblest citiz.docx
The biggest corporation, like the humblest citiz.docxmehek4
 

Similar to Moral Principles in Business: Respecting Human Dignity (20)

Group-6.pptx
Group-6.pptxGroup-6.pptx
Group-6.pptx
 
The ROI of Human Centricity
The ROI of Human CentricityThe ROI of Human Centricity
The ROI of Human Centricity
 
1-Ethics-Business.ppt
1-Ethics-Business.ppt1-Ethics-Business.ppt
1-Ethics-Business.ppt
 
Business ethics
Business ethicsBusiness ethics
Business ethics
 
Business ethics and spirituality at work place
Business ethics and spirituality at work placeBusiness ethics and spirituality at work place
Business ethics and spirituality at work place
 
Group-6.pptx
Group-6.pptxGroup-6.pptx
Group-6.pptx
 
Ethics - Bang Tran's part
Ethics - Bang Tran's partEthics - Bang Tran's part
Ethics - Bang Tran's part
 
BECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTES
BECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTESBECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTES
BECG - MG UNIVERSITY 3RD SEMESTER - FULL NOTES
 
Businessethicsandspiritualityatworkplace 110212205116-phpapp01
Businessethicsandspiritualityatworkplace 110212205116-phpapp01Businessethicsandspiritualityatworkplace 110212205116-phpapp01
Businessethicsandspiritualityatworkplace 110212205116-phpapp01
 
Memo on Hiring You are a manager in a firm in a very competitive.docx
Memo on Hiring You are a manager in a firm in a very competitive.docxMemo on Hiring You are a manager in a firm in a very competitive.docx
Memo on Hiring You are a manager in a firm in a very competitive.docx
 
CH-1&2-introduction-of-hrm...ppt
CH-1&2-introduction-of-hrm...pptCH-1&2-introduction-of-hrm...ppt
CH-1&2-introduction-of-hrm...ppt
 
Business ethics an introduction
Business ethics   an introductionBusiness ethics   an introduction
Business ethics an introduction
 
Ethics, Governance and Sustainability
Ethics, Governance and SustainabilityEthics, Governance and Sustainability
Ethics, Governance and Sustainability
 
Business ethics introduction
Business ethics introductionBusiness ethics introduction
Business ethics introduction
 
Notable quotations work and workers rights
Notable quotations work and workers rightsNotable quotations work and workers rights
Notable quotations work and workers rights
 
Egas chapter 1,2
Egas chapter 1,2Egas chapter 1,2
Egas chapter 1,2
 
Business Ethics
Business EthicsBusiness Ethics
Business Ethics
 
Business Ethics
Business EthicsBusiness Ethics
Business Ethics
 
Ethics in Corporate Social Responsibility
Ethics in Corporate Social ResponsibilityEthics in Corporate Social Responsibility
Ethics in Corporate Social Responsibility
 
The biggest corporation, like the humblest citiz.docx
The biggest corporation, like the humblest citiz.docxThe biggest corporation, like the humblest citiz.docx
The biggest corporation, like the humblest citiz.docx
 

More from Grace Fatima Abelida

The Renaissance to the Age of Naturalism in Education
The Renaissance to the Age of Naturalism in EducationThe Renaissance to the Age of Naturalism in Education
The Renaissance to the Age of Naturalism in EducationGrace Fatima Abelida
 
Made Test and Non-test Instruments and Roles of Assessment
Made Test and Non-test Instruments and Roles of AssessmentMade Test and Non-test Instruments and Roles of Assessment
Made Test and Non-test Instruments and Roles of AssessmentGrace Fatima Abelida
 
Internal and external institutions and influences of corporate
Internal and external institutions and influences of corporateInternal and external institutions and influences of corporate
Internal and external institutions and influences of corporateGrace Fatima Abelida
 
Production and operations in todays environment
Production and operations in todays environment Production and operations in todays environment
Production and operations in todays environment Grace Fatima Abelida
 
Leading, managing and developing fundamentals
Leading, managing and developing fundamentalsLeading, managing and developing fundamentals
Leading, managing and developing fundamentalsGrace Fatima Abelida
 

More from Grace Fatima Abelida (6)

The Renaissance to the Age of Naturalism in Education
The Renaissance to the Age of Naturalism in EducationThe Renaissance to the Age of Naturalism in Education
The Renaissance to the Age of Naturalism in Education
 
Made Test and Non-test Instruments and Roles of Assessment
Made Test and Non-test Instruments and Roles of AssessmentMade Test and Non-test Instruments and Roles of Assessment
Made Test and Non-test Instruments and Roles of Assessment
 
Compensation
CompensationCompensation
Compensation
 
Internal and external institutions and influences of corporate
Internal and external institutions and influences of corporateInternal and external institutions and influences of corporate
Internal and external institutions and influences of corporate
 
Production and operations in todays environment
Production and operations in todays environment Production and operations in todays environment
Production and operations in todays environment
 
Leading, managing and developing fundamentals
Leading, managing and developing fundamentalsLeading, managing and developing fundamentals
Leading, managing and developing fundamentals
 

Recently uploaded

20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdfChris Skinner
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerAggregage
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressorselgieurope
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxRakhi Bazaar
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAScathy664059
 
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...ssuserf63bd7
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreNZSG
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverseSiemens
 
EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersPeter Horsten
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...ssuserf63bd7
 
Types of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfTypes of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfASGITConsulting
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesAurelien Domont, MBA
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsKnowledgeSeed
 

Recently uploaded (20)

20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon Harmer
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressors
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAS
 
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource Centre
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
WAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdfWAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdf
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverse
 
EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exporters
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
 
Types of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfTypes of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdf
 
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptxThe Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and Templates
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applications
 

Moral Principles in Business: Respecting Human Dignity

  • 2. Objectives:  Able to determine and understand the six moral principles of Ethics.  Human Dignity in the Priority of Labor over Capital  Respects for Basic Employee Rights  Social Justice  Social Dimension of Private property  Option for the Bottom of the Pyramid  Earth Responsibility and Sustainable Development.
  • 3. Moral Principle 1 Human Dignity in the Priority of Labor over Capital
  • 4. What you mean by “man above other M's”? • Man, the human person, is above other M's (material resources, machine, methods, management, money, etc.). • The human labor, the spiritual worker, the intelligent capital, with God-sublime dignity, is the real wealth creator (John Paul II, 1981).
  • 5. What business factors create wealth? • Providers of capital, otherwise known as shareholders lay claim to most wealth that corporations create or generate. • Marjorie Kelly (2001) underlines the importance of labor, otherwise known as the human capital or intellectual capital, the intelligent entrepreneur, the strategic manager, the diligent worker. Human resource (labor) is also called human capital, and human knowledge is known as intellectual capital.
  • 6. Where did all material capital come from? • In philosophical terms, all capital is apparently the result of the historical heritage of human labor, which means it is human labor that give birth to capital.
  • 7. Did Abraham Lincoln ever say that “capital is the fruit of labor”? • Lincoln said that “capital is the fruit of labor, and could never have existed if labor had not first existed; that labor can exist without capital, but that capital could never existed without labor. Hence, they hold that labor is the superior - greatly the superior - of capital” (1859)
  • 8. Is human labor a sacrificial lamb? • It may happen that management hits rank- and-file the strongest in times of regional or global “stagflation” (stagnation and inflation combined), recession, or period of reengineering. As Richard Gwyn (1997) puts it, “Labor is sacrificed on the inflation rate's altar of oblation.”
  • 9. Is labor the means to economic development? • The human person is not the means to be used for economic development. The other way is true, that is, the economic development is a means for the total development of the human person (Mehrotra & Jolly, 1998). • Economist Mahar Mangahas (cited in Maximiano, 2003) said that “in assessing what we should first service - labor or capital and its high interests - we have chosen to service the latter when it is the welfare of the former we should be most concerned with at this time.”
  • 10. Is the spirit superior over matter? • John Paul II, in Centessimus annus (1991), emphasizes the “priority of ethics over technology, the primacy of the person over things, and the superiority of spirit over matter.”
  • 11. Is it easy for business to practice this principle? • Some managers argue that people are hired to work and it is “not our business to train them.” Total manpower training and development, wrongly perceived as “all cost and no return,” are therefore last among the priorities of some corporate management (Kelley, 2006).
  • 12. How is human dignity preserved among migrant workers or OFWs? • It is unfortunate that overseas or migrant workers, considered as modern-day heroes, are almost always prone to all sorts of exploitation by their employers in the host countries.
  • 13. Is there a more philosphical understanding of human dignity? • Human dignity is in the laborer, as it is in the customer who has the right to be served beyond satisfaction. It is in the community, the beneficiary of CSR program, as it is in those in the bottom of the pyramid.
  • 14. Is human labor at times reduced to some aspects below his dignity? • The human person is reduced from homo sapiens (thinking being) to homo faber (working man), as if the whole being of the worker is equal to his work only and nothing more. From homo faber, labor is at times reduced to homo oeconomicus, as if the whole essence of the human person is equal only to his quantified materiality, position occupied in the corporate ladder, income bracket, number of credit cards, insurance or financial worth. It should not be so.
  • 15. Why is the idea of imago Dei relevant to human labor? • As professed by the 1948 Universal Declaration of Human Rights: “ All men are are created equal in dignity and rights,” that is every man , woman, and child possess intrinsic dignity, regardless of race or color, religion, sex, party affiliation, or business connections.
  • 16. What should be the appropriate assessment of human labor in trade and industry? • Jose Concepcion, Jr. (Chairman of the ASEAN Chamber of Commerce , 1996) proposed the rationale why business has to concider the issue of human dignity. He said that the agenda of business should express a deliberate commitment by all to feel the pain and agony of people who do not live in the dignity of the human person. He added: “We cannot push free trade for free trade's sake. Our objective is to improve the quality of life, especially that of the poor.”
  • 17. What is a more sublime paradigm of the human dignity? • The correct concept of labor and human dignity is that of divine image, and this concept of labor is possible regardless of various beliefs or religious affiliations. The human person's natural mission is to subdue the earth and dominate it. By his labor, the human worker honors the gifts and talents he received from the Creator.
  • 18. Should the priority of labor over the capital at the heart of business? • Yes, this moral principle should be at the heart of every business, where labor is the primary efficient cause, while capital, the whole collection of means of production, remains a mere instrument or instrumental cause.
  • 19. “Companies cannot survive nor thrive in an environment where its only concern is profits. In the long run, the company itself must depend on people for its survival.” -Cesar A. Buenaventura
  • 20. Moral Principle 2 Respects for Basic Employee Rights
  • 21. What is the business of human rights in business? • “All human rights are universal, indivisible..interdependent and interrelated.”
  • 22. What is the right to work? • The right to work is fundamental because it flows from nature, as it is inborn in every person. The human person is created to work, to till the soil and raise the cattle, to subdue the earth and its natural resources. Social responsibility means making an attempt to fill up this innate vacuum in the human person (Francis, 2013; John Paul II, 1981).
  • 23. Why is the right to work fundamental to all? WHY? Addressed to: First Reason Survival needs Self Second Reason Natural obligation to support others Dependents Third Reason Psychological need Self
  • 24. What is the right to equal employment oportunities? • Equality in employment embraces all without discrimation: Women, gay, the aged, and those with heavy Ilocano accent. Employers cannot and should not discriminate in job application procedures; the hiring, advancement or discharge of employees; employee compensation; job training; and any other terms, conditions and privileges of employment (Mendes, 1996).
  • 25. What is the right to just wage and compensation? • In the legal sense, the just wage is the minimum wage that will not only enable the worker to meet the bare cost of living, but will also provide a means of desirable improvements in the quality of life. Just wage is not only the bread to win but also the means to enjoy a better quality life. • Anything less is morally unacceptable.
  • 26. What is the basic employee right to security of tenure? • Security of tenure means that, in case of regular employment, the services of any one of the workers cannot just be terminated except for a just cause or after a due process. • The employee right to due process consists of an objective evaluation of his/her case, a fair hearing and a chance to appeal, a process very fundamental in firing and even in demoting.
  • 27. What is the right to due process and a grievance procedure? • Due process is the procedure by which an employee can appeal a decision or action made by a superior in order to get a rational explanation of the decision and objective review of its propriety.
  • 28. Do employees have the right to be trained, to grow, and develop? • Change is what ancient philosophers and modern hi-tech experts refer to as the “only permanent thing in the world.” • Change can actually make the knowledge and skills one has learned today obsolete in the near future, and that is the reason why there is a need to train. Randolf (1995) insists that training is an empowerment that “consists of a few simple steps and a lot of persistence” - and it is both your right and duty.
  • 29. What is the right to collective bargaining? • As a mode of settling labor disputes and a just means of compromise between the employer and the laborers, the collective bargaining is always directed to some issues and conditions of employment,which are over and above those mandated by law.
  • 31. What is social justice? • Justice is traditionally defined as suum cuique tradere meaning “the disposition by which we render to each one what is due to him/her.” • Justice implies that everybody plays fair and square, practicing, honesty and fairness in dealing with others, that is, if everyone wants to keep the business environment sound, orderly, and intact (see John Rawls, 1971).
  • 32. Is the issue of justice pertinent to business and market system? • Justice dictates that everyone is recognized and respected for what he/she is, regardless of race, religion, political connection, or sexual orientation, in the company's active fight against any kind of bias, prejudice, and discrimation; that no one is mistreated or shortchanged and no one is exploited or verbally abused in the workplace - domestic helper, factory worker, driver, gasoline boy, and all others.
  • 33. What are the different forms of justice? • General Justice - directed to the “norms of right order,” specifcally towards the promotion of the common good. • Distributive Justice - disposes the legitimate authority to justly distribute the benefits and burdens to particular individuals (Aristotle). * The distribution of burdens in taxation requires proportionate equality, and proportionate equality is not necessarily an equal share but a fair share of carrying the burde of taxes
  • 34. • Commutative Justice - main concern is the strict mathematical equality that requires us to give to others what is due to them (Aquinas). • Social Justice - from the Christian point of view requires the private sector, all business institutions, NGOs, and the government to acknowledge that the greatest benefits should go to the four L's: less fortunate, least advantaged, the last and the lost. * preferential option of the poor.