Embed Size (px)
Citation preview
11
Business EthicsAn Introduction
2
Defining business ethics:
Business ethics (also known as 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.
3
………..
It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organizations as a whole.
Applied ethics is a field of ethics that deals with ethical questions in many fields such as medical, technical, legal and business ethics.
4
Overview of issues in business ethics General business ethics This part of business ethics overlaps with
the philosophy of business, one of the aims of which is to determine the fundamental purposes of a company. If a company's main purpose is to maximize the returns to its shareholders, then it should be seen as unethical for a company to consider the interests and rights of anyone else.
5
Corporate social responsibility
Corporate social responsibility or CSR: an umbrella term under which the ethical rights and duties existing between companies and society is debated.
6
…………
Issues regarding the moral rights and duties between a company and its shareholders
:responsibility, stakeholder concept v. shareholder concept
7
………..
Leadership issues: corporate governance; Corporate Social Entrepreneurship
Political contributions made by corporations.
The misuse of corporate ethics policies as marketing instruments.
8
Inventory of Ethical Issues in Business
Employee-Employer Relations Employer-Employee Relations Company-Customer Relations Company-Shareholder Relations Company-Community/Public
Interest
9
Business Ethics: What Does It Really Mean?
Ex p
e cte
d a n
d A
c tu a
l Lev
e ls
of B
usin
ess
Eth
ics
Ethical Problem
Ethical Problem
Society’s Expectations of Business Ethics
Actual Business Ethics
1950s Early 2000sTime
Business Ethics:Today vs. Earlier Period
10
Business Ethics: What Does It Really Mean?
Definitions Ethics involves a discipline that
examines good or bad practices within the context of a moral duty
Moral conduct is behavior that is right or wrong
Business ethics include practices and behaviors that are good or bad
11
Business Ethics: What Does It Really Mean?
Two Key Branches of Ethics Descriptive ethics involves
describing, characterizing and studying morality “What is”
Normative ethics involves supplying and justifying moral systems “What should be”
12
Sources of Ethical Norms
Fellow Workers
Family
Friends
The Law
Regions of Country
Profession
Employer
Society at Large
subordinates
Religious Beliefs
The Individual
Conscience
13
Ethics and the Law
Law often represents an ethical minimum
Ethics often represents a standard that exceeds the legal minimum
Ethics Law
Frequent Overlap
14
Making Ethical Judgments
Behavior or act that has been committed
Prevailing norms of acceptability
Value judgments and perceptions of the observer
compared with
15
3 Models of Management Ethics
1. Immoral Management—A style devoid of ethical principles and active opposition to what is ethical.
2. Moral Management—Conforms to high standards of ethical behavior.
3. Amoral Management Intentional - does not consider ethical
factors Unintentional - casual or careless about
ethical considerations in business
16
3 Models of Management Ethics
Three Types Of Management Ethics
17
Making Moral Management Actionable
Important Factors
Senior management Ethics training Self-analysis
Developing Moral Judgment
6-23
19
Developing Moral Judgment
External Sources of a Manager’s Values
Religious values Philosophical values Cultural values Legal values Professional values
20
Developing Moral Judgment
Internal Sources of a Manager’s Values
Respect for the authority structure Loyalty Conformity Performance Results
21
Elements of Moral Judgment Moral imagination Moral identification and ordering Moral evaluation Tolerance of moral disagreement
and ambiguity Integration of managerial and
moral competence A sense of moral obligation
