Ethics building a capable organization: Strategic Management
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This document discusses building ethics in organizations. It outlines three types of managers - moral, immoral, and amoral. It also discusses drivers of unethical behavior like pursuing personal gain over ethics. Regarding multinational companies, it describes three schools of thought on applying ethics across cultures: universalism, relativism, and an integrative social contracts theory. Universalism says ethics are universal, while relativism says ethics vary by culture. The integrative theory balances universal principles with local values and traditions.
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Youtube Video Link -
https://youtu.be/PTp08MeQCoU
Moral Standards – standards that an individual has about what is right or wrong
Values – long lasting beliefs that guides society’s decisions and actions towards variety of situation
Ethics – the branch of knowledge that deals with moral principles, values and behavior
Business Ethics – application of ethical principles in day to day conduct of business to examine and solve complex moral dilemmas
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Meta ethics
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Window dressing
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Stop business malpractices
Longer survival of business
Protection of consumer right
Healthy competition
Goodwill of business
Customer satisfaction
Societal welfare
Avoidance to legal problems
Thank you for Watching
Subscribe to DevTech Finance
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Moral Standards – standards that an individual has about what is right or wrong
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Customer satisfaction
Societal welfare
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Thank you for Watching
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2. You could research recent comparable home sales in the area to determine a fair market value and offer that amount to the boy, fully explaining your valuation process. This treats both parties fairly.
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This document provides an overview and summary of the key topics covered in a lecture on managerial ethics and corporate social responsibility. The lecture discusses:
1. Definitions of ethics and how it relates to behaviors governed by law and free choice.
2. Approaches to evaluating ethical behavior such as utilitarian, individualism, moral rights, and justice approaches.
3. Factors that influence ethical decision making for individuals and organizations.
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2) Individual ethics alone is not enough - companies need to establish ethical standards and practices to guide all employees.
3) Considering ethics helps companies identify issues important to key stakeholders like customers, investors, and communities.
Business ethics ch 1
The document discusses the importance of business ethics. It provides an overview of the evolution of business ethics as a field from the 1960s to present day, including key events that increased scrutiny of ethical practices like the global financial crisis and laws/acts like Sarbanes-Oxley. It also outlines how studying and adhering to business ethics can benefit stakeholders by increasing employee commitment, investor loyalty, customer satisfaction, and profits.
business ethics ch.1 by ferrell
Business ethics are important for companies to study for several reasons:
1) Reports of unethical business behavior are rising and stakeholder trust is declining, so studying ethics helps address these issues.
2) Individual ethics alone is not enough - companies need to establish ethical standards and practices at the organizational level.
3) Understanding ethics helps companies identify ethical issues that are important to key stakeholders like customers, investors, and employees.
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This document provides an overview of business ethics and related concepts. It defines ethics, personal ethics, business ethics, and accounting ethics. It discusses the relationship between law and ethics. It also covers ethical decision making, principles of personal ethics, and motivation for being ethical. Normative theories in business ethics like utilitarianism, Kantian ethics, and egoism are introduced. The document also discusses how corporations can institutionalize ethics.
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This document provides an overview of business ethics. It defines business ethics as written and unwritten codes that govern decisions and actions within a company. It discusses the nature, types, factors, need, and scope of business ethics. It also covers corporate social responsibility, crisis management, and issues related to the management of ethics. The key aspects covered include defining ethics, distinguishing between ethical theories, outlining principles and characteristics of business ethics, and examining the relationship between ethics and corporate governance, social responsibility, and crisis management.
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Ethics building a capable organization: Strategic Management
- 1. Ethics Building a Capable Organization Aashiek Cheriyan
- 2. What do you mean by Business Ethics???
- 3. 3 Categories of management morality Moral Manager Immoral Manager Amoral Manager
- 4. Drivers of Unethical Behavior • Obsessive pursuit of personal gain, wealth and other selfish interest. • Heavy pressures on company managers to meet earnings targets. • Company cultures that put the bottom line ahead of ethical behavior.
- 5. Ensuring a Strong Commitment to Business Ethics in Multinational Companies • Three schools of thought about the extent to which ethical standards apply across countries and cultures exist: – Ethical Universalism – Ethical Relativism – Integrative Social Contracts Theory
- 6. Concept of Ethical Universalism • According to the school of ethical universalism . . . – Same standards of what is right and what is wrong are universal and transcend most cultures, societies, and religions – Universal agreement on basic moral standards allows a multinational company to develop a code of ethics that is applied evenly across its worldwide operations
- 7. Examples of Universal Ethical Principles or Norms • Honesty • Trustworthiness • Respecting the rights of others • Practicing the Golden Rule • Avoiding unnecessary harm to – Workers – Users of a company’s product or service
- 8. Concept of Ethical Relativism • According to the school of ethical relativism . . . – What is ethical or unethical must be judged in light of local moral standards and can vary from one country to another • Companies a code of conduct based upon the principle of ethical relativism assume that local morality is an adequate guide for ethical behavior
- 9. Drawbacks of Ethical Relativism • The ethical relativism rule of “when in Rome, do as the Romans do” presents problems – It is ethically dangerous for company personnel to assume that local ethical standards are an adequate guide to ethical behavior – What if local standards condone kickbacks and bribery? – What if local standards blink at environmental degradation?
- 10. Integrative Social Contracts Theory • According to the integrative social contracts theory, the ethical standards a company should try to uphold are governed by both 1. A limited number of universal ethical principles that put ethical boundaries on actions and behavior in all situations and 2. The circumstances of local cultures, traditions, and values that further prescribe what constitutes ethically permissible behavior and what does not.
- 11. The Three Components of Building a Capable Organization
- 12. References • Strategic management – An Integrated Approach by Charles W. Hill and Gareth R. Jones • Crafting & Executing Strategy – Concepts & Cases – Mc Graw hill Publications • Business Policy and Strategic Management – Lawrence R. Jawch & William Gluek. • Business Policy & Strategic Management – P. Subba Rao