The document discusses business ethics and corporate social responsibility, outlining key concepts such as moral values, norms, judgments, and the differences between right and wrong, good and bad. It also examines the importance of business ethics for developing employees' critical thinking skills and preparing them for ethical issues in their careers. Stakeholders are identified as important considerations for businesses in ensuring ethical and socially responsible practices.

1. BBA 3rd
(Course Overview & Introduction)

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

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

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

21.  Employee-Employer Relations
 Employer-Employee Relations
 Company-Customer Relations
 Company-Shareholder Relations
 Company-Community/Public Interest

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?

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