This presentation will give you a know-how about decision making as regards business ethics, ethical and unethical, as well as various deviance cases present in business ethics.
It contains factors that a professional should include while making decision when he/she is in moral dilemma. It also gives insights on moral, ethics and engineers code of conduct.
Ethical Dilemma At Work.
What It Entails.
Practical tips and solutions how to resolve and avoid ethical dilemma at work.
Have you ever been in a situation faced with an ethical dilemma at work?
Here there is a complete explaination about how we manage the ethical dilemma in business.Hope this is helpful for the students as well as the teachers. Especially for the the m.com students
,
basic principles: ethics and business
,
ethics and morality
,
five characteristics of moral standards
,
what is business ethics?
,
types of ethical issues
,
moral reasoning
,
can ethical qualities be attributed to corporation
,
factors that mitigate moral responsibility
,
four steps leading to ethical behavior
,
arguments against business ethics
,
resolving cross-cultural ethical differences
,
kohlberg’s three levels of moral development
,
arguments supporting business ethics
,
new issues in business ethics
,
corporate social responsibility
It contains factors that a professional should include while making decision when he/she is in moral dilemma. It also gives insights on moral, ethics and engineers code of conduct.
Ethical Dilemma At Work.
What It Entails.
Practical tips and solutions how to resolve and avoid ethical dilemma at work.
Have you ever been in a situation faced with an ethical dilemma at work?
Here there is a complete explaination about how we manage the ethical dilemma in business.Hope this is helpful for the students as well as the teachers. Especially for the the m.com students
,
basic principles: ethics and business
,
ethics and morality
,
five characteristics of moral standards
,
what is business ethics?
,
types of ethical issues
,
moral reasoning
,
can ethical qualities be attributed to corporation
,
factors that mitigate moral responsibility
,
four steps leading to ethical behavior
,
arguments against business ethics
,
resolving cross-cultural ethical differences
,
kohlberg’s three levels of moral development
,
arguments supporting business ethics
,
new issues in business ethics
,
corporate social responsibility
Ethic and governance are more and more important in organisations. What are ethical behaviors or ethical governance ? We propose some definition and pattern to read ethical dilemma.
Define business ethics
Why its important for business
What is an ethical business
Ethical challenges for business
Identifying ethical issues in business
Rationalization
1.Question on Case Study· You’re a manager for ABC Company·.docxpaynetawnya
1. Question on Case Study
· You’re a manager for ABC Company
· Your boss just told you a big secret he wants you to keep that the company will have to lay off 200 workers. Luckily, your job won’t be affected.
· But a rumor is circulating in the company, and one of the workers who will be let go and is an old friend of yours asks the question. “Am I going to lose my job? I’m about to finalize the purchase of a new house. I need to know”.
· What would you say?
2. Business ethics importance –reasons with examples
Importance of Business Ethics:
Ethical behaviour and corporate social responsibility can bring significant benefits to a business. For example, they may:
· attract customers to the firm's products, thereby boosting sales and profits
· make employees want to stay with the business, reduce labour turnover and therefore increase productivity
· attract more employees wanting to work for the business, reduce recruitment costs and enable the company to get the most talented employees
· attract investors and keep the company's share price high, thereby protecting the business from takeover.
Ethical motivation:
· Employees working for an organization will feel better about themselves and therefore more motivated to work hard.
· Ethical employee = happy employee = motivated employee = productive employee
Balance the needs and wishes of stakeholders:
· Business are not just about money they are about giving back to society, the community.
· Those companies that do so will also have an enhanced reputation and be more profitable.
· There is pressure on business to recognize its responsibilities to society. Business ethics requires businesses to think about the impact of its decisions on people or stakeholders who are directly or indirectly affected by those decisions.
Global challenges:
· Need to learn about the different values and cultures of the regions it operates in.
· Don’t want to offend.
· Lose reputation, lose business.
Ethical pay-off:
· Organizations risk not only losing customers and employees, but being exposed to civil and criminal liability.
· Sound ethical policy reduced risk exposure.
Employee Retention:
· Danger of losing employees who don’t want to work for an unethical organization.
· Significant costs involved in replacing key people.
Prevention & Reduction of Criminal Penalties:
· In addition to the loss of reputation and business, nobody really want to end up in court or even worse jail.
The US Sentencing Commission Guidelines state that to receive a 40% reduction in federal penalties, a company must have “an effective program to detect and prevent violations of the law”.
Preventing civil lawsuits:
· In additional to criminal offences, organizations need to be vigilant to civil offences.
· Discrimination, sexual harassment, favoritism big concerns.
· Sound ethical policies can pre-empt unwanted behaviors.
Market leadership:
· Use ethical behavior as a unique selling feature to stand out in the ma ...
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 !!!!
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
Great tips, resources, best practices and strategies for entrepreneurs, start-ups, professionals and small business owners.to plan launch and grow successful businesses.
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
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:
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
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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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2. CLASSIFYING BUSINESS DECISIONS-II
Ethical
• Providing rock-bottom prices
only to distributors in
underserved areas
• Collaborating with other medical
clinics to guarantee low prices in
low-income countries
• Producing top quality products
• Rewarding integrity
• Leading by example
• Providing employee benefits
• Contributing to community
• Establishing recycling programs
• Embezzling money
• Engaging in sexual harassment
• Practicing collusion with
competitors
• Encouraging fraudulent
accounting
• Promoting PG rated movies
to young teens
• Producing products that you
know will break before their
time
Un Ethical
Illegal
Legal
3. UNETHICAL BUSINESS PRACTICES
•Dumping. This is an unfair business practice that sometimes big companies employ in order to destroy
the local competition. This is done by flooding the market with the big company’s product, which are
sold at loss, but at much lower price than the competition.
•Labor union opposition. This is one of the classic examples of unethical business practices. Employees
are prevented from forming a labor union that can represent their interests. One of the biggest companies
that has this policy is Wal-Mart. They instead have the open doors policy which allows and encourages
every employee the right to take their complaints beyond management level.
•Discriminating employees on the basis of sex, race, or religion; Equality in the work place is now
guaranteed by law, but the actual acceptance of people, who have different skin color, or opinions, is a
long way away for almost all societies.
•Copying the style of packaging in order to mislead the consumer. This is usually done by smaller
companies who produce lesser quality products and try to pass them off as high quality goods by using a
brand name for example that can mislead the consumer in thinking it’s a much more famous brand name.
•Deception on size and content of a product. This is one of the most often seen examples of unethical
business practices. It refers to deception in advertising. A product can be made out to appear much
bigger, or have a much more significant content, than it really does.
•Omitting to provide side effect information. This is another example of unethical business practices.
•Incomplete or inaccurate testing of products. This is the domain of the public authorities who have the
obligation to ensure that every product that goes out in the market is tested beforehand.
4. SWEATSHOP
Sweatshop (or sweat factory) is a term for any
working environment considered to be
unacceptably difficult or dangerous. Sweatshop
workers often work long hours for very low pay,
regardless of laws mandating overtime pay or a
minimum wage. Child Labor laws may be
violated. Sweatshops may have hazardous
materials and situations. Employees may be
subject to employer abuse without an easy way, if
any, to protect themselves.
5. What is Child Labour?
Child Labour” is work for children that harms
them or exploits them in some way e.g.
Physically
Mentally
morally or blocking access to education
6. Causes
30% of our country’s total population is leading life below
the poverty-line, in which the people are deprived of
basic necessities of life like clothing, shelter, food,
education and medication, the children of these people
will be forced to become Labourers' or workers in order to
survive.
Our people are not aware of the importance of education.
Class-based education system is another reason for
increasing child Labour as a result, child Labour is
increase in rural areas.
The government has not put its laws into practice to stop
child Labour in our country that’s why child labour is
increasing day by day.
8. Types of Workplace Deviance
Organizational
Production
Production
Deviance
Deviance
Property
Property
Deviance
Deviance
Minor
Serious
Political
Political
Deviance
Deviance
Personal
Personal
Aggression
Aggression
Interpersonal
13. Doing the Right Thing
13
If You Cheat in College,
If You Cheat in College,
Will You Cheat in the Workplace?
Will You Cheat in the Workplace?
College students who cheat are likely to cheat again.
College students who cheat are likely to cheat again.
70 percent of students don’t see cheating as a problem.
70 percent of students don’t see cheating as a problem.
People who cheat and cheat again see their
People who cheat and cheat again see their
behavior as normal.
behavior as normal.
60 percent of people who cheat their employers
60 percent of people who cheat their employers
don’t feel guilty for doing so.
don’t feel guilty for doing so.
14. ETHICAL DECISION MAKING STYLES
• Individualists
• Driven by natural reason, personal survival etc. Self is the source of all
actions
• Altruists
• Concerned with other people. Relinquish their own security for others
• Pragmatists
• Concerned with situation at hand, not with the self or other. Bases of
moral authority is the perceived need at the moment and the potential
consequences of a decision in a specific context.
• Idealists
• Driven by principles, rules and values. Reason and relationships will not
substitute for idealist’s adherence to principles.