This document is a class submission on the topic of unethical business practices. It was submitted to Girish Bhawnani on July 16, 2012 by Hemant Chaudhari for the class "Business Ethics" which is part of the third semester. The document then lists the names and roll numbers of students in the class. It goes on to define business ethics, discuss basic questions related to business ethics, and provide examples of unethical business practices and their costs. It also examines the differences between legal and personal ethics, and how ethical issues originate and spread at the individual, organizational and societal levels.

1. Class : s.Y B.f.M
suBjeCt : Business ethiCs
topiC : unethiCal Business praCtiCes
seMester : iii
Date :16/07/2012
Submitted to,
Girish Bhawnani

2. HEMANT CHAUDHARI
09
NAVEEN JETHWANI
22
LAVEEN PARYANI
49
DINESH DULANI
50
DINESH WADHWA
51
CHUNKY LULLA
54
HITESH KUKREJA
55
SONI AHUJHA
59
PRIYA MANWANI
60

3. Meaning
“Business Ethics simply Means Following Practices in
business which are morally correct and socially correct”
Individual
Organization
Basic Questions Related to Business Ethics
 Can A Business Be Ethical?
 Do ‘’Ethics’’ Matter More now than Before?
 Whose Ethics Are They?
 Isn’t The Best Ethic Maximizing Share Holder’s Value?

4. "Let me appeal to your sense
of doing things my way"

5. Abusive or Intimidating Behavior
Accurate but Incomplete Disclosures
Discrimination against Protected Class
Receiving/Offering Bribes, Kickbacks or Incentives
Theft or Fraud: Personal Use of Company Property or
Expense Account Misrepresentations
Termination without Fair Notice or Cause

6. 


Does “Doing the Right Thing” Matter?
To Whom Does it Matter?
What are the Costs to Business of Unethical
Behavior?

7. Legal Requirements often represent an Ethical Minimum
Personal Ethical Standards Generally Exceed Legal
Standards
Laws are Ethical Issues with
Societal Implications as
interpreted by a Legislature;
Personal Ethics have
Broader Context and
Application

8. What are the different levels at which
issues originate and how they move to
other levels?

Individual

Organizational

Societal

9. CORRUPTION
DECREASING COMPETITION
POLLUTION
ADULTERATION

10. Ethical Issues require Persons or Organizations to choose an
Action that may get judged as right or wrong
Classifications of Business Ethical Issues

Conflicts of Interest

Fairness and Honesty

Communications

Organizational Relationships

11. Lack of proper education
Raising Inefficiency
Ineffective Laws
Exploiting the consumer

12. Organizations that Promote an “Ethical Climate” provide
an Opportunity to develop an “Ethical Culture”
Starts with Organization-wide Commitment:
Organizations have to WANT to “Do the Right Thing” Obtain Commitments from CEO, President and Board
of Directors
With Commitment, Organizations can Define their “Right
Thing” and decide How to “Do It”

13. Is Action consistent with Organization’s Goals, not motivated
by self-interest?
Does Action respect the Rights of Individuals and Groups
affected by it?
Should behaviour be equal from top level to lower level of
management

14. 
Decision-making includes Personal, Organizational and
Societal Values

Ethical Values always open to Discussion and Criticism
of the society.

Accept Responsibility for Sound Moral Judgments, It’s in
Everyone’s Job Description