This document discusses business ethics, including definitions, principles, importance, and types of ethical actions. It defines ethics as principles distinguishing right from wrong. Business ethics comprises values and norms that guide individual and group behavior. Principles of business ethics include compliance, responsibility, fairness, loyalty, consideration, caring, integrity, and honesty. The importance of business ethics includes credibility, decision-making, profitability, and protecting stakeholders. Ethical actions can be constructive or destructive, and are performed to help others and avoid harm. The document also provides an example case study on purchasing ethics.
I wish to state that i prepared this report through the help of several books and guidelines by several persons .all the information quoted on the ppt is good as per my knowledge please see the ppt
Introduction, definition,nature and scope,importance,types and field of ethics, CSR, CSR models, advantages and disadvantages, crisis management, team, planning process of crisis management.
I wish to state that i prepared this report through the help of several books and guidelines by several persons .all the information quoted on the ppt is good as per my knowledge please see the ppt
Introduction, definition,nature and scope,importance,types and field of ethics, CSR, CSR models, advantages and disadvantages, crisis management, team, planning process of crisis management.
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
Management,Culture and Ethos,Role And Significance Of Ethos In Managerial Practices,Management Is Culture Bound,Sources Of Indian Ethos In Management,Vedas,Shastras,Smrities,Puranas,Upanishads,Ramayan,Mahabharat,Arthashastra,Panchtantra,Hitoupdesh,Guru Granth Sahib,Teaching of Buddha,Teaching of Mahaveer,The Holy Bible,The Holy Quran,Human Behviour-Indian Thoughts,Guna Theory,Sanskara Theory
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.
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
Management,Culture and Ethos,Role And Significance Of Ethos In Managerial Practices,Management Is Culture Bound,Sources Of Indian Ethos In Management,Vedas,Shastras,Smrities,Puranas,Upanishads,Ramayan,Mahabharat,Arthashastra,Panchtantra,Hitoupdesh,Guru Granth Sahib,Teaching of Buddha,Teaching of Mahaveer,The Holy Bible,The Holy Quran,Human Behviour-Indian Thoughts,Guna Theory,Sanskara Theory
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.
ETHICS AND GOVERNANCE CH 1
OR CS FINAL, CA, CMA MBA
• Governance through Inner consciousness
Business ethics is a form of applied ethics. In broad sense ethics in business is simply the application moral or ethical norms to business.
• The term ethics has its origin from the Greek word “ethos”, which refers to character or customs or accepted behaviors.
• Deontological ethics or deontology (Greek: (deon) meaning 'obligation' or 'duty') is an approach to ethics that focuses on the rightness or wrongness of actions themselves, as opposed to the rightness or wrongness of the consequences of those actions.
• Teleology (Greek: telos: end, purpose) is the philosophical study of design and purpose.
• Enlightened-egoism. This model takes into account harms, benefits and rights.
• Utilitarianism is the idea that the moral worth of an action is solely determined by its contribution to overall utility.
• Relativism is the idea that some elements or aspects of experience or culture are relative to, i.e., dependent on, other elements or aspects.
• Justice is the concept of moral rightness in action or attitude; it is closely linked to fairness.
Organizations that value high ethics comply with the laws not only in spirit but go beyond what is stipulated or expected of them.
• (HRM) plays a decisive role in introducing and implementing ethics.
• Marketing ethics is the area of applied ethics which deals with the moral principles behind the operation and regulation of marketing
• Advantages ofbusiness ethics - attracting and retaining talent, investor loyalty, customer satisfaction and regulators.
• In making ethics work in an organization it is important that there is synergy between vision statement, mission statement, core values, general business principles and code of ethics.
• Ethics
• Business Ethics
• Concept of Business Ethics
• Ethics Philosophies
• Scope of Business Ethics
• Advantages of Business Ethics
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This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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This will be used as part of your Personal Professional Portfolio once graded.
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
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2. CONTENTS
What is Ethics?
Meaning of business ethics.
Ethics explained
Sources of Business ethics.
Characteristics of Business ethics.
Importance of Business ethics.
Principles of Business ethics.
Types of ethical actions.
Characteristics of ethical actions
3. What is Ethics?
Ethics may be defined as the set of moral principles
that distinguish what is right from what is wrong.
Ethics has a twofold objective: it evaluates human
practices by calling upon moral standards.
It may give prescriptive advice on how to act morally
in a given situation.
4. GOLDEN RULE OF ETHICS
Ethics of Reciprocity- “ Do unto
others as you would have them
to unto you”
5. Ethics explained
Ethics are broadly described in the literature as moral principles
about right and wrong, honorable behavior reflecting values, or
standards of conduct.
Honesty, openness, responsiveness, accountability, due diligence,
and fairness are core ethical principles.
Ethics are a branch of philosophy with no clear-cut definition of
what behaviors are ethical and which are unethical when judging
one’s behavior.
There is no general or global consensus for defining ethical
behavior for individuals, as it may change from time to time and
from one place to another place.
There is no universal measure or standard as to what constitutes
ethical behavior.
6. Morals refer to a person’s personal philosophies about
what is right or wrong.
Business ethics comprises organizational principles,
values, and norms that may originate from individuals,
organizational statements, or from the legal system that
primarily guide individual and group behavior in the world
of business.
Principles are specific and pervasive boundaries for
behavior that should not be violated.
Values are enduring beliefs and ideals that are socially
enforced.
7. Business Ethics definition
“Business Ethics is generally coming to know what is
right or wrong in the work place and doing what is
right. This is in regard to effects of products/services
and in relationship with the stake holders.” —Cater
McNamara
“Business ethics in short can be defined as the
systematic study of ethical matters pertaining to the
business, industry or related activities, institutions and
beliefs. Business ethics is the systematic handling of
values in business and industry.” —John Donaldson
8. “Business Ethics examines three particular subjects: the
systemic issues that are considered as the ethical
concerns focusing on the economic, legal, politic and
social structures in which companies perform, the
corporate issues which are particular to a specific
company and the individual issues which refer to the
concerns of an individual working in a specific
company”
-Velasquez
10. Characteristics of Business Ethics
Code of conduct
Based on moral and social values
Gives protection to social groups
Provides basic framework
Voluntary
Requires education and guidance
Relative Term
Both science and art
Related to Human Aspect
Greater than Law
Dynamic in nature
Universal application
11. Types of Ethics
Individual Ethics
• Not to tell lies
• To keep one’s
word
• Try not to hurt
others
Institutional
Ethics
• Democratic
management
• Economic and
social
development
• Equal
treatment
• Justice and
peace
Social Ethics
• Environmental
pollution
• Unsafe product
• Unjust
competition
Global Ethics
• Universal
ethical
standards
• Global ethical
issues
12. Importance of Business Ethics
Credibility in the Public
Credibility with the Employees
Corresponds to Basic Human Needs:
Better Decision Making
Profitability
Protection of Society
Protecting employees and shareholders
Healthy competition
Survival of business
14. Factors Highlighting the
Importance of Business Ethics
Long term growth
Cost and risk reduction
Core values
Leadership
Vigilance
Culture in the Company
Influence of Co-workers and managers
Culture in the country
15. Factors Highlighting the
Importance of Business Ethics
Moral values of a person
Environment in the country
Formal Ethics program
Tolerance level
Lapse on the part of professionals
Limited Resources
16. Types of ethical actions
Destructive
actions
Constructive
actions
17. Characteristics of Ethical Actions
Ethical actions are not only activities to serve others
but also the inner temperament of the mind.
Ethical actions give importance to helping others.
Ethical actions are not the instrumental value but the
intrinsic value.
Ethical actions are performed for prosperity, success
and sound decisions.
Ethical actions are used to avoid prohibited
constructive actions and to promote obligatory and
optional actions.
Ethical actions are performed as duties or
responsibilities of individuals.
18. Examples of Ethical Issues
Ethical issues may vary from one organization to another
according to the factors influencing the Ethical Behavior:
conflicts of interest,
quality control issues,
discrimination in hiring and promotion,
misuse of proprietary information,
abuse of company expense accounts,
misuse of company assets,
drug and alcohol abuse,
environmental pollution, environmental destruction,
19. Ethics at Workplace
Business Ethics
There is increased interaction between the board of
directors, audit committees, internal auditors, external
auditors, executives, and employees in general regarding
ethical conduct in the workplace.
Business ethics are most simply described as: a process
of promoting moral principles and standards that guide
business behavior.
20. Case Study-Purchasing Ethics
J.R. accepted a position at Cripple Creek Vocational University and
he and his family made a permanent move. Soon, J.R. was
promoted to Administrative Vice President, overseeing the
purchasing department of the University. His oldest son, Jim, got a
good job in educational equipment sales at Tiddley Computer
Corporation in Fort Worth.
As Vice President, J.R. quickly saw the need for 4 to 5 computers in
his office. Although CCVU had a bidding policy, J.R. purchased
Tiddley Corporation's computers direct from Tiddley for about
$3500 each, when IBM clones were selling for around $2000 and
the clone had more promising features than the Tiddley. Jim
handled the sale and received a healthy commission on the sale. If
the purchase had gone through the normal bidding process, the TC
model would not have been selected. Tiddley's local Cripple Creek
franchise dealer objected to Tiddley Corporation that his protected
franchise had been bypassed in the deal.
21. Questions
• Since J.R. was over the purchasing department and had final
decision authority, should purchasing have gone through the
normal bidding routine?
• Is it acceptable for a V.P. to bypass the normal routine to do
business with a family member?
• Was J.R.'s decision not to request bids an ethical choice?
• What should the college purchasing agent do?
• Should anyone else at CCVU have any interest in this activity?
• Has Tiddley's Cripple Creek franchise owner been wronged?
• Should Jim have made the sale? Received a commission?
