This document provides an overview of topics in business ethics presented by students to Mr. Md. Shahnawaz Abdin on February 10, 2012. It introduces concepts like ethics, business ethics, morals and values, utilitarianism, universalism, the theory of rights, theory of justice, virtue ethics, ethics of care, law and ethics, and the nature of ethics in management. The document defines key terms and discusses approaches to determining right and wrong like law, religion, tradition, education, and common sense. It examines ethical issues and dilemmas that businesses may face.

1. BUSINESS ETHICS
Jamia hamdard
Submitted to:
Mr. Md. Shahnawaz Abdin.
Submitted on: 10-02-2012.
Presented by :
Abdul Sharique,
Abdul Moid,
Ajay Malik,
Amit Yadav.
Abhishekh Kumar.

2. Topics covered :
Introduction to :
 Ethics,
 Business Ethics,
 Morals & Values,
 Concepts of Utilitarianism & Universalism,
 Theory of rights,
 Theory of Justice ,
 Virtue ethics ,
 Ethics of care ,
 Law and Ethics ,
 The Nature of Ethics in Management Business
Standards and Values,
 Value Orientation of the Firm.

3. What is Ethics?
“ The values an individual uses to interpret whether any
particular action or behavior is considered right or wrong.”

4. From where does society derive
sense of what is right or wrong
?

5. Law
s
?

6. And from where lawmakers derive
what is good or bad ?

7. Religion?

8. Tradition
?

9. Education
?

10. Common
Sense ?

11. Subjective.
What is right & wrong is always

12. Is it right or wrong for using corn to produce bio-fuels when 9 million
people (5 million are children) die each year because of hunger?

13. Dow Chemical’s sponsorship of the London Olympics 2012 is right or wrong ?

14. Is this right to get work done by children ?

15. When only one percent of what the world spent every year on weapons was needed to
put every child into school by the year 2000 and yet it didn’t happen.
Is this right to spend that much money on weapon ?

16. What is right & wrong is
Globally non-obligatory.

17. WHAT IS BUSINESS ETHICS?
Business Ethics is a specialized study of moral right and wrong.
It concentrates on moral standards as they apply particularly
to
business policies, institutions, and behavior.

18. We need to study business ethics to make
better decisions for ourselves, the
businesses we work for and the society we
WHY TO BOTHER WITH BUSINESS
ETHICS?

20. Moral
“It is concerned with the principles of right and
wrong behaviour and the goodness or badness of
human character.”

21. “Values are the rules by which we make decisions about right
and wrong, should and shouldn't, good and bad. They also tell
us which are more or less important, which is useful when we
have to trade off meeting one value over another.”
Values
Business is a fair exchange of
values

22. The utilitarian approach to ethical decision making focuses on
taking the action that will result in the greatest good for the greatest
number of people.
UTILITARIANISM
[Jeremy Bentham and John Stuart Mill]

23. The universalist approach to ethical decision making is similar to
the Golden Rule.
UNIVERSALISM
[Kant’s Theory]

24. What are Rights ?
A Right is an entitlement to something. A person has a right when
that person is entitled to act in a certain way or is entitled to
have others act in a certain way towards him.

25. Theory of Rights
[Robert Nozick]
• Everyone has a set of rights; and
• It’s up to the governments to protect those rights.

26. Justice
Justice is a the duty to treat all fairly distributing the
risks and benefits equally.

27. Theory of Justice
[Blame John and John Rawls]
• Greatest Liberty Principle Each person has an equal
right to basic rights and liberties.
• Focus is on outcomes Are people getting what they
deserve?
• Strength Basic premise - The protection of those who
are least advantaged in society.
• Criticisms Doesn’t examine the costs of producing the
equality.

28. Virtue
The quality of doing what is right and avoiding
what is wrong.

29. Virtue ethics
• Virtue ethics is an approach that deemphasizes rules, consequences and
particular acts and places the focus on the kind of person who is acting.
• The issue is not primarily whether an intention is right, though that is
important; nor is it primarily whether one is following the correct rule; nor is
it primarily
• whether the consequences of action are good, though these factors are not
irrelevant.

30. “A man named Rahul considers whether or not to
steal a drug which he cannot afford to buy in
order to save the life of his mother.”
• Rahul predicament(difficult situation).
• The mother’s disease.
• The druggist’s refusal to lower his price.
Should Rahul steal the drug?
The reason for and against stealing are then
explored through a series of questions that vary
and extend the parameters of the dilemma in a
way design to reveal the underlying structure of
moral thought.

31. Ethics of care
This is a theory about what makes actions right or wrong. It
emphasize universal standards and impartiality, ethics of care
emphasize the importance of relationships.

32. Law
A law is as we know a government rule,
any written or positive rule or collection of
rules prescribed under the authority of the
state or nation, as by the people in its
constitution.

33. Legal ethics encompasses an ethical code governing
the conduct of persons engaged in the practice of law
and persons more generally in the legal sector.
Legal ethics

34. Legal ethics encompasses an ethical code governing
the conduct of persons engaged in the practice of law
and persons more generally in the legal sector.
Legal ethics