This document discusses business ethics, defining it as written and unspoken codes that guide moral decision-making in a company. It explains that ethics promote employee commitment, customer loyalty, and legal compliance while reducing costs. Swami Vivekanand believed ethics require not harming others and treating all with equal respect. Upholding integrity, fairness, dependability, and personal values helps ensure ethical management. Some ethical issues companies face relate to technology use, transparency, and working conditions. Overall, business ethics are important for long-term sustainability and growth by managing risks and maintaining credibility and trust.
Legality is only a first step
Questions to ask: When faced with a potentially unethical action.
Management’s role
Compliance/Integrity based codes
Corporate social responsibility
A definition and stakeholders
Legality is only a first step
Questions to ask: When faced with a potentially unethical action.
Management’s role
Compliance/Integrity based codes
Corporate social responsibility
A definition and stakeholders
Life is about choices. We deal with choices in our personal lives everyday. Most of us are guided by such questions as, “Is this the correct thing to do? Is this the right decision to make?” We are guided by our own sense of morality, i.e. the difference between right and wrong.
Ethics, ethical behaviour, and the culture of ethics starts with the leadership of an organization. Associates in an organization emulate the behaviour of the leaders of the organization. So, if the leaders behave unethically, then, it stands to reason that subordinates will, also.
Complete knowledge on the relation of Ethics from a Business perspective.
Go through the slides and learn how business relates to modern business.
#business ethics
This presentation is about ethics used in organizations. this a group presentation in which first 10 slides are made by me and other part is done by my team members.hope u like it !!!!
Life is about choices. We deal with choices in our personal lives everyday. Most of us are guided by such questions as, “Is this the correct thing to do? Is this the right decision to make?” We are guided by our own sense of morality, i.e. the difference between right and wrong.
Ethics, ethical behaviour, and the culture of ethics starts with the leadership of an organization. Associates in an organization emulate the behaviour of the leaders of the organization. So, if the leaders behave unethically, then, it stands to reason that subordinates will, also.
Complete knowledge on the relation of Ethics from a Business perspective.
Go through the slides and learn how business relates to modern business.
#business ethics
This presentation is about ethics used in organizations. this a group presentation in which first 10 slides are made by me and other part is done by my team members.hope u like it !!!!
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company.
In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
why ethics is required?Ethical codes of conduct instruct us on what we ought or ought not to do.
INTEGRITY
OBJECTIVITY
CONFIDENTIALITY
PROFESSIONAL COMPETENCE AND DUE CARE
PROFESSIONAL BEHAVIOUR
Contents
Introduction
Meaning and definitions of business ethics
Sources of business ethics
Characteristics of business ethics
Importance
Principles of business ethics
Introduction
Business is a part of society and its functions in the society.
It is the application of ethics to business.
It is the study of good and evil, right or wrong and just and unjust actions of businessmen.
Every business should be guided by ethics.
Ethics helps to survive and succeed their ventures.
Meaning and definition
It refers to the “moral principles which are considered right by the society.
It is the study of morality.
These are the moral principles and rules of conduct which govern and guide the activities of business.
According to David Fritzsche, “it is the process of evaluating decisions, either pre or post, with respect to the moral standards of society’s culture”.
The institute of global ethics defines, “the term ethics as obedience to the unforceable”.
Sources of business ethics
Religion
Culture experience
Legal system
Characteristics/features of business ethics
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According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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3. INTRODUCTION
What is Ethics ??
A code of moral standards of
conduct for what is “good” and
“right” as opposed to what is
“bad” or “wrong”.
4.
5. What is Business Ethics?
▸ Business ethics can be defined
as written and unwritten codes of
principles and values that govern
decisions and actions within a
company.
▸ In the business world, the
organization’s culture sets
standards for determining the
difference between good and bad
decision making and behavior.
6. Importance of Ethics in Business
The study of Ethics paves the way for common ground in our
understanding of the fundamental idea of what is good and what
is bad in our human conduct.
Without Ethics, people, especially businessmen, will set their own
moral standards, moral rules and moral principles.
7. Continued…
Ethics influence and contribute to:
Employee commitment.
Investor and customer loyalty and confidence.
Legal problems and penalties.
Customer satisfaction.
The ability to build relationships with stakeholders.
Cost control.
Performance, revenue, and profits.
Reputation and image.
8. Swami Vivekanand Views on Ethics
• The basis of Indian Subjectivity in
the belief of god.
• He suggested the fundamental law of
ethics
“DON’T INJURE OTHERS, LOVE
EVERYONE AS YOUR OWNSELF
UNIVERSE IS ONE”
9. “
▸The Manager
• Brings specific set of values to the game
• Based on Personal needs, family influence, religious
background, cultural background
• The moral stage of development
Pre-conventional level-External rewards
and punishment
Conventional Level- external expectations
of colleagues, friends and family
Post Conventional-internal standards and
values
Factors That Affect Ethical Choices
11. 1. Moral Management—Conforms to high
standards of ethical behavior.
2. Immoral Management—A style devoid of
ethical principles and active opposition to
what is ethical.
3. Amoral Management—
• Intentional - does not consider ethical
factors
• Unintentional - casual or careless about
ethical considerations
in business
12. Principles For Positive Business Ethics
INTEGRITY
Integrity refers to whole-ness, reliability and consistency. Ethical businesses treat people with respect,
honesty and integrity. They back up their promises, and they keep their commitments.
FAIRNESS
Would a dis-interested observer agree that both sides are being treated fairly? Are both sides
negotiating in good faith? If so, the basic principles of ethics are being met.
DEPENDABILITY
If your company is new, unstable, about to be sold, or going out of business, ethics requires that you
let clients and customers know this. Ethical businesses can be relied upon to be available to solve
problems, answer questions and provide support.
13. Continued…
BUILD ON PERSONAL ETHICS
There is no real separation between doing what is right in business and playing fair, telling the truth
and being ethical in your personal life.
REQUIRE BUSINESS PLAN
A company’s ethics are built on its image of itself and its vision of the future and its role in the
community. The clearer the company’s plan for growth, stability, profits and service, the stronger
its commitment to ethical business practices.
VALUE - BASED
Ethics are about values, ideals and aspirations. Ethical businesses may not always live up to their
ideals, but they are clear about their intent.
14. Ethical Issues Within Organization
Health and safety
Manufacturing plants and other workplaces where employees use dangerous
equipment or engage in physically demanding work should have strong safety
standards that not only meet federal requirements, but that also make eliminating
accidents a priority.
Technology
Advancements in technology and the growth of the Internet in the early 21st century
have produced a slew of ethical dilemmas for companies. Company leaders have to
balance the privacy and freedom of workers while also maintaining standards that
require that company technology use is for legitimate business purposes
15. Continued..
Transparency
Prominent business and accounting scandals have made it imperative that companies
operate with openness and transparency. For public corporations, this includes honest,
accurate and complete reporting on mandated financial accounting reports.
Fair Working Conditions
Companies are generally expected to provide fair working conditions for their employees
in the business environment, Fair pay and benefits for work are more obvious elements of
a fair workplace. Another important element is provision of a nondiscriminatory work
environment.
16. Factors Highlighting The Importance of Business Ethics
1. Long-term growth: sustainability comes from
an ethical long-term vision which takes into
account all stakeholders. Smaller but
sustainable profits long-term must be better
than higher but riskier short-lived profits.
2. Cost and risk reduction: companies which
recognize the importance of business ethics
will need to spend less protecting themselves
from internal and external behavioral risks,
especially when supported by sound governance
systems and independent research .
17. Continued..
3. Anti-capitalist sentiment: the financial crisis marked another blow for
the credibility of capitalism, with resentment towards bank bailouts at the
cost of fundamental rights such as education and healthcare.
4. Limited resources: the planet has finite resources but a growing
population; without ethics, those resources are depleted for purely individual
gain at huge cost both to current and future generations.
18. • Like unexploded bombs, must be defused before they blow up in our faces
Company expectations for employee commitment
Pressure from managers and co-workers
Opportunities for unethical behavior
Internal pressure in the form of personal ambitions
External forces such as family needs
• Personal reputations, legal standing, company’s public name are at risk
• Much is at stake for companies and individuals in facing ethical dilemmas
Ethical Dilemmas In Business
19. Guidelines to Handle Ethical Dilemma
Define problems clearly
Stood on the other side of the fence
How did the situations arise?
Intention in making that decision
Who will injure by your decision?
What is probable results of the decision?
Can you discuss with affected parties
before decision?
Symbolic potential of your action, if
understood or misunderstood?
Exceptions to your stand?
20. Conclusion
Ethics are important not only in business but in all aspects of
life because it is an essential part of the foundation on which
of a civilized society is build. A business or society that lacks
ethical principles is bound to fail sooner or later.
Henry Kravis states, “If you build that foundation, both the
moral and the ethical foundation, as well as the business
foundation…then the building won't crumble.”