ETHICS

1. Dr,Deepak Sharma

2. Managing Business Ethics
Where We’re Going and Why
2

3. Financial Disaster of 2008
https://www.youtube.com/watch?v=fXkeh8jiMdk
3

4. 4

5. Borrowing was Cheap
5

6. Real Estate Become the Investment of Choice
6

7. Mortgage Originators Peddled “Liar Loans”
7

8. Banks Securitize the Poison and Spread it
Around
8

9. Those Who Were Supposed to Protect Us Didn’t
9

10. Moving Beyond Cynicism
10

11. Can Business Ethics Be Taught?
● Aren’t Bad Apples the Cause of Ethical Problems in
Organizations?
● Should Employees Already Know the Difference
between Right and Wrong?
● Aren’t Adults Ethics Fully Formed and Unchangeable?
11

12. Defining Ethics
“A set of moral principles or
values”
12

13. Good Control or Bad Control
13

14. The Ethical Decision-Making Process
Characteristics of Individuals
Cognitive biases
Process of Ethical Decision Making
Ethical Awareness Ethical Judgement Ethical behaviour
Characteristics of Organisations
14

15. Ethics and the Law
15

16. Why Be Ethical?Why Bother?Who Cares?
● Individuals care about Ethics:The motivation to be ethical.
● Employees care about Ethics:Employee Attraction and
Commitment.
● Managers care about Ethics
● Executive Leaders Care About Ethics
● Industries care about ethics
● Society Cares about Ethics:Business and Social
Responsibility
16

17. The Importance of Trust
17

18. Importance of Values
18

19. Section 2
Ethics & Individual
19

20. Ethical Dilemmas
20

21. Perspective Approaches
● Focus on Consequences(Consequentialist Theories)
● Focus on duties,obligations, and
principles(Deontological Theories)
➔ Golden Rule
➔ Categorical imperative
➔ Veil of ignorance
● Focus on Integrity(virtue ethics)
21

22. Virtue Ethics
● Service to public & society
● Balance multiple stakeholders interest
● Acting with integrity in the enterprise interest
● Adherence to law
● Accurate & Transparent Reporting
● Respectful & unbiased decision making
● Professional Development
● Responsibility to protect the profession
22

23. 23

24. Eight Steps to Sound Ethical Decision Making in
Business
● Gather the facts
● Define the ethical issues
● Identify the affected parties(the stakeholders)
24

25. Identify the consequences-
● Long Term vs Short Term
● Symbolic
● Secrecy
25

26. ● Identify the Obligations
● Consider your character and integrity
● Think creatively about potential actions
● Check your gut
26

27. Practical Preventive Medicine
Do your homework
● Read your company code of ethics
● Important around
● Develop relationship with people
27

28. When you are asked make a snap decision
● Do not underestimate the importance of a hunch to alert
you that youèr facing an ethical dilemma
● Ask for time to think it over
● Find out quickly
● Ask your manager or your peer for advice
28

29. Video
https://www.bing.com/videos/search?q=snap+Decision+&&view=detail&mid=3074
AAACBC768B8CE87D3074AAACBC768B8CE87D&&FORM=VRDGAR
29

30. Chapter 3
● Ethical Awareness and Ethical Judgement
Ethical awareness Ethical Judgement Ethical Action
30

31. As per research -people more likely to be ethical
1. If they believe that their peers will consider it to be ethically
problematic
2. If ethical language is used to present the situation to the
decision maker
3. If the decision is seen as having the potential to produce
serious harm to others
31