The document discusses the importance of business ethics and ethical dilemmas in the corporate world, highlighting the need for ethical practices to maintain good business relationships and prevent violations. It outlines three types of ethical dilemmas, including personal cost, right vs. right, and conjoint dilemmas, and emphasizes the analytical steps for resolving these dilemmas. Additionally, it references the Ethisphere Institute's role in defining and promoting ethical business standards.

1. Som-Lalit Institute of Business Management
Subject : Business Ethics and Corporate Governance
Presentation Topic: Unethical Practices and Ethical
Dilemmas In Corporate World
Submitted To : Dr. Twinkle Trivedi
Group Member :Nishad Mehta
Asif Nareja
Kishan Goti
Naitik Kasvala
Sumit Bhanderi

2. Basic Introduction of Ethics
• Ethics:
 The term ethics is derived from the Greek word, ethos
(that’s Means character) and in Latin word’s means that
Custom's
 Together they combine to define how individual choose
to interact with one another

3. Basic Introduction of Ethics
 In Philosophy ethics defines what is good for the
individual and for society and establishes the nature of
duties that people owe themselves and one another
 Need for Business Ethics:
• Introducing Socialism in Business
• Interest of Customer
• Fair Market Practices
• Better Relationship with Society

4. Basic Condition For Ethical Dilemmas
Person must have decision among the course
of action
Two or more course of action(principle)
Choose one course of action , some
ethical principle is compromised.

5. Type of Ethical Dilemmas
Type of Ethical
Dilemmas
Personal cost
ethical
dilemmas
Right v/s right
ethical dilemmas
Conjoint ethical
dilemmas

6. 1. Personal Cost Ethical Dilemmas
• Personal cost ethical dilemmas arising from
situation in which compliance with ethical conduct
result in a significant personal cost.
• Example:-
• you worked in particular organisation. You are a
good man. You know about some fraud running at
upper level in organisation. If you want to
complaint against this fraud , so your job will be fall
into critical situation.

7. 2. Right V/s Right Ethical Dilemmas
• These four basic paradigms can be useful for analysing
ethical choices and realizing what has created the
conflict.
• If you have a better understanding of a choice, then
you should be better prepared to solve it.
• Example:-
• National securities V/s corruption

8. 3. Conjoint Ethical Dilemmas
• Personal interest + Right V/s right both are involve in one
situation that known as conjoint ethical dilemmas.
• Example:-
• Corruption V/s National Securities and Job

9. Importance of Ethical Dilemmas
• Its Help Maintain Good Business Practices
• It is Good For Both Sales and Reputation

10. Importance of Ethical Dilemmas
• It is one of the key to creating strong well-run
Organization
• It Help Preventing Committing Ethical Violation

11. Importance of Ethical Dilemmas
• It Guides Leaders In Resolving Present Ethical
Conflicts

12. Common Analytical Steps in Resolving Ethical Dilemmas
Identify Moral Issues:
Analysis of Consequences of
the Issue
Examine Option For Various
Alternative
Examines the Option in the
light of the Principal of ethics
Make Final Decision

13. Common Analytical Steps In Resolving Ethical Dilemmas
• (i) Identify Moral Issues:
 Conflicting with Values, Norms, Equality, System Etc.
• (ii) Analysis of Consequences of the Issue:
 “Who will be Benefited; Who Will be Hurt”
 In Point of view Long term & Short term
 To be Short listed Considering individual, Society, Employee, Share holders, Locality
• (iii) Examine Option For Various Alternative:
 Examine Each Option With respect to Moral principal
 Identify option which less probelistic against Moral
 Short listed a few option that stand out better than rest

14. Common Analytical Steps in Resolving Ethical Dilemmas
• (iv) Examines the Option in the light of the Principal of ethics:
 Utilitarian Principal and the principal of common goal, to find out Further moral
merits of the decision
• (v) Make Final Decision:
 Two aspect Consideration:
 (1) The Consequences of the decision
 (2) The Rightness of the decision

15. Example of Unethical Practices
Example of Unethical Practices In Corporate World:

16. About Ethisphere
• The Ethisphere Institute is a for-profit company that
define and measure corporate ethical standards,
recognizes companies that excel, and promote best
practices
• Mission is to define and advance the standard of
ethical business practices that fuel corporate
characters, marketplace trust and business success

17. Survey of Ethisphere About Profitability & Ethics

18. World Most Ethical Company in 2020

19. India’s Most Ethical Company in 2020

20. THANK YOU
Ethics of Life
Before You Pray – Believe
Before You Speak – Listen
Before you Quit - Try
- Dr. A.P.J Abdul Kalam Sir