Business ethics
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The document discusses business ethics and defines it as the application of general ethical ideas to business situations and the practice of solving complex moral dilemmas that arise. It notes that business ethics is important for future decision makers to avoid losing sight of peace of mind for the sake of success. The document also mentions some frameworks for ethical decision making like utilitarianism and Kantism as well as concepts like stakeholders and the triple bottom line. It discusses the importance of internal controls in organizations like codes of conduct and whistleblower policies to support ethical practices.
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El documento describe una plataforma bilateral para promover proyectos de inversión entre Europa y Centroamérica. La plataforma creó un sitio web para llamar a inversores y estudiar proyectos en diferentes sectores. Los estudios de los últimos meses mostraron un avance favorable en todos los sectores. La iniciativa busca establecer convenios bilaterales entre los países para conseguir metas y proyectos que generen empleos.
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- 1. BUSINESS ETHICS By S.V.S.Akhilesh
- 2. WHY? • Future Decision makers • Not to lose sight of what’s important – Success v/s Peace of mind – To lose ourselves in Life’s race • As it is part of Business Strategy’s syllabus
- 3. WHAT? • Ethics is a conception of right and wrong behaviour , defining for us when our actions are moral and when they are immoral • Business ethics is the application of general ethical ideas to business • Business Ethics is the art and discipline of applying ethical principles to examine and solve complex moral dilemmas.
- 4. ETHICAL DILEMMA • An ethical dilemma is a moral situation in which a choice has to be made between two equally undesirable alternatives. • Do you agree with the two equally undesirable alternatives? • What about two good alternatives, wherein you are not sure which is better, isn’t it expected of you to do the thing which is better from an ethical standpoint?
- 8. INTERNAL CONTROLS SYSTEM • Mission , Vision and Values • Code of Conduct • Diversified Board of Directors • Whistle-blower protection policy
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- 10. WHAT DO FEW PROMINENT PEOPLE HAVE TO SAY?