Ethics Building a Capable Organization
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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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Impartiality
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Accountability
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Meta ethics
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Window dressing
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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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Justice and equality
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Injustice
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Adulteration
Unfair pricing
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Stop business malpractices
Longer survival of business
Protection of consumer right
Healthy competition
Goodwill of business
Customer satisfaction
Societal welfare
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Thank you for Watching
Subscribe to DevTech Finance
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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.
3. You could offer a higher price closer to the Rs. 8,000,000 valuation you determined since you have a duty as a businessman to help the boy maximize the sale value. However, this requires fully explaining your higher valuation to avoid appearing deceptive.
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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.
4. The concept of corporate social responsibility and importance of balancing stakeholder interests.
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Ethics Building a Capable Organization
- 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