This document discusses ethics and entrepreneurship. It defines ethics as moral principles that guide judgments about right and wrong. Ethics provide basic rules for acceptable conduct. While laws define what is illegal, ethics outline what is considered right versus wrong. Many businesses develop codes of ethics to guide employee decisions. A code of ethics commonly focuses on honesty, integrity, respect, trust, responsibility, and good citizenship. Being socially responsible and giving back to communities is now expected of businesses. Upholding strong ethics can help a business succeed through excellence rather than unethical actions.
ethics is a necessary element for any entrepreneur to start up his own business, this document will put on some light on modern-day entrepreneurship practices and ethics
ethics is a necessary element for any entrepreneur to start up his own business, this document will put on some light on modern-day entrepreneurship practices and ethics
In this PPT You all will find "Business ethics and law" in brief chapter wise.
Introduction–Ethics & Business Ethics
The Concepts of New Ethics
Values and Ethics
Development of Ethical Corporate Behavior
Ethical leadership
Ethical Decision Making
Ethical Dilemmas in Organization
Social Responsibility of Business
Corporate Governance
The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards. In Anglo American”s case, this is called “Good Citizenship”.
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
Role of board of directors -Corporate GovernanceRehan Ehsan
This Presentation states the role of board of directors in respect of corporate governance of Pakistan. Reviewing this clear the concept of their legal role in Pakistan.
In this PPT You all will find "Business ethics and law" in brief chapter wise.
Introduction–Ethics & Business Ethics
The Concepts of New Ethics
Values and Ethics
Development of Ethical Corporate Behavior
Ethical leadership
Ethical Decision Making
Ethical Dilemmas in Organization
Social Responsibility of Business
Corporate Governance
The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards. In Anglo American”s case, this is called “Good Citizenship”.
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
Role of board of directors -Corporate GovernanceRehan Ehsan
This Presentation states the role of board of directors in respect of corporate governance of Pakistan. Reviewing this clear the concept of their legal role in Pakistan.
A broad examination of ethics and of individual and definitive good decision-making initiatives in the use of information systems in a global perspective. This course aims to recognize ethical issues raised by existing and rising technologies, apply a sorted-out structure to analyze danger and decision choices, and appreciate the impact of individual ethics and various leveled characteristics on an ethical workplace. Students explore the technological underpinnings of associated technology systems, experiment with individual and group interaction with technologies, and examine the mechanics of ethical and unethical behaviors.
JM Chapter 3 Ethics and International Business (I).pptxJesilin James
Corporate social responsibility (C S R): the set of obligations a corporation undertakes to protect and enhance the society in which it functions
The Triple Bottom Line:
The Economic Mission
The Natural Environment
General Social Welfare
2. What Are “Ethics”?
• . moral principles that derive from beliefs
about right and wrong used to judge concrete
actions . . .
• Ethics is the moral values and behavioral
standards business and people draw on as
they make decisions and solve problems.
• “The owner’s value system is critical to the
ethical considerations that surround a business
decision” (Hornsby et al., 1994: 14)
4. What, then, are ethics?
• Ethics A set of principles outlining a behavioral
code that lays out what is good and right or bad
and wrong
• May outline obligations and appropriate moral
actions for both the individual and the
organization
• Ethics does not just apply to business
• It may be difficult for individuals or groups in
society to agree upon what is right and wrong
5. Legal vs. Ethical
• The law provides boundaries for defining
what activities are illegal
• The law, however, does not necessarily
outline what is “ethical.”
6. Ethics within
businesses
• Many businesses develop their own
codes of ethics or conduct of conduct.
These codes outline what employees
are to do in order to carry out what the
company sees as the “right thing to do”
in various circumstances
7. The “Ethics Check”
List
1. Is it legal
2. Is it balanced/fair/win-win
3. How will it make you feel about yourself?
- will it make you feel proud?
- would you feel good if your decision
was published in the local newspaper?
- would you feel good if your family knew
about it?
8. Outline for a Code of
Ethics
The, a code of ethics should be a formal statement of a
business’s values concerning ethics and social issues. It
commonly refers to acceptable norms of behavior, guided by
six areas of concern:
1. Honesty: to be truthful in all your endeavors; to be honest
and forthright with one another and with customers,
communities, suppliers, and other stakeholders.
2. Integrity: to say what you mean, to deliver what you
promise, and to stand up for what is right.
3. Respect: to treat others with dignity and fairness,
appreciating the diversity of the people you deal with and
their uniqueness.
4. Trust: to build confidence through teamwork and open,
candid communication.
5. Responsibility: to speak up — without fear of retribution
— and report concerns in the workplace and elsewhere,
including violations of laws, regulations, and company
policies.
6. Citizenship: to obey all laws of the countries where you
do business and to improve the communities where you live
and work.
9. Being Socially
Responsible
• It is not enough to be ethical, or do the right
thing anymore (thankfully)
• Businesses are now expected to act in a
socially responsible manner – they need to
be good citizens as well as give back to the
societies (including global) in which they exist.
• Can you think of a company that is socially
responsible? One that is not?
• There are financial benefits to being a
“socially responsible” company or organization.
What might some be?
10. Business Success
• Business excellence and success is
reach based on ethics and hard work,
rather than cutting corners and taking
unethical actions.