2. Best way of consultation is through e-mail;
(humna.asif19@gmail.com) OR
Skype (humna.asif)
Course would be based on lecture discussions,
mainly comprising of Case Studies
3.
4. A branch of Philosophy
Set of Moral principles that govern a
person's or group's behavior
The moral correctness of specified conduct
Refers to a bunch of Norms
Judgments from society
5. Moral Values
“beliefs or ideals of a person or social group, which are
judged in the light of reason and humanity”
Norms
“explicit or implicit rules specifying what behaviors are
acceptable within a society or group”
Judgments
“the ability to make a decision, or form
an opinion wisely; with good sense”
Right Vs. Good
Wrong Vs. Bad
Unethical Vs. Illegal
6. comprises principles and standards that guide behavior
in the world of business
acceptable or unacceptable behavior within or outside
the organization
is determined by key stakeholders
what is right and wrong, good and bad, and harmful or
beneficial regarding decisions and actions in & around
organizational activities
7. The discipline of applying ethical principles to solve
complex moral dilemmas
An area that requires reasoning and judgment based
on individuals’ principles and beliefs in making
choices that balance self-interest against social
claims and responsibilities
8. is the obligation a business assumes toward
society
is designed to maximize the positive influence
& minimize the negative
includes economic, legal, ethical, and
philanthropic dimensions
9. Social responsibility represents the duties of an
individual or organization to be accountable for its
decisions
Social responsibility is best described as a subset
of ethics
10. To develop students’ critical thinking skills by:
Stimulating moral investigation
Analyzing key concepts
Dealing with ambiguity and disagreement
Prepare students for issues they will face in business
careers
Stimulate students’ sense of social responsibility
11. Laws are not sufficient to cover “gray areas ”
To anticipate laws and the market in order to;
Prevent fraud or other organizational wrongdoing
Long-term market rewards through positive
reputation
To increase employee morale and productivity
Because business is part of the social system in which
we all must live
12. Obey laws
Adopt codes of ethics that focus on stakeholder
interest over shareholder interest
Participate in socially responsible initiatives
(Examples…)
13. Customers
Employees and labor unions
Individual citizens
Shareholders
Environment
Government
14. Because something is legal, it does not necessary
make it ethical, and vice-versa
Being ethical implies more than simply complying
with existing laws
15. lying to supervisors favoritism
falsifying records Taking credit for others’
alcohol and drug abuse work
conflict of interest Whistle blowing
Stealing/ bribery terminating employees
gift/entertainment without prior notice
receipt in violation of using company property
company policy for personal use
16.
17. Two general categories of reasoning used to solve
ethical dilemmas -- deontology and utilitarianism
Arguments and decisions can be made by using either
or a combination of both
18. Value-based
Using personal or individual beliefs of right and wrong
to solve an ethical dilemma
Follows the logic that people ought to do what they
believe is right, and refrain from doing what they
believe is wrong
Does not take consequences or long-term outcomes
into account
19. Outcome-based
Using the potential outcome of an action to solve
and ethical dilemma
Follows the logic that people ought to base their
decisions on the action that will result in the greatest
good for the greatest number
Does not take personal beliefs or values into account
20. Individual
Organizational
Association
Societal
International
22. Two Key Branches of Ethics
Descriptive ethics involves describing,
characterizing and studying morality
“What is”
Normative ethics involves supplying and justifying
moral systems
“What should be”
23. Societal Fellow Regions of
Beliefs Workers Country
Family Profession
The
Individual
Friends Employer
Conscience
The Law Religious Society at
Beliefs Large
24. What is?
What ought to be?
How to we get from what is to what ought to
be?
What is our motivation for acting ethically?
25.
26. 1. Business ethics is more a matter of religion than management
2. Our employees are ethical so we don’t need attention to
business ethics
3. Business ethics is a discipline best led by philosophers,
academics and theologians
4. Business ethics is superfluous — it only asserts the obvious: “do
good!
5. Business ethics is a matter of the good guys preaching to the
bad guys
27. 1. Business ethics in the new policeperson on the block
2. Ethics can’t be managed
3. Business ethics and social responsibility are the same
thing
4. Our organization is not in trouble with the law, so
we’re ethical
5. Managing ethics in the workplace has little practical
relevance
28. “There are always those who think they know
what is your responsibility, better than you
do”
-- Ralph Waldo Emerson