Ehtics in Business 12

7/30/2019 Ehtics in Business 12

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Presented By :

Rajnikant Mishra -211

Avipsa Acharya - 212

Amit Kumar - 214

S.Lipsa Prusty - 215Ankita Kumari - 216

Nikita Sheth - 217

Nikita Chaurasia - 218

Khitish Sagar - 219

Jayshree Biswal - 220


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SUMMARY:

ETHICS

Inventory of Ethical Issues in BusinessTwo Areas of Business EthicsDIMENSIONS OF ETHICS

Common Misconduct in Organizations

Common Causes of Unethical Behavior

Ethical Tips for Organizations

Benefits of Managing Ethics in the Workplace

3 Models of Management Ethics

THREE APPROACHES TO MANAGEMENT

ETHICS


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A man without ethics is a wild beast

loosed upon this world.

ALBERT CAMUS

QUOTE:


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ETHICS

The study of moral obligation involving the

distinction between right and wrong.

Business Ethics: right or wrong in the

workplace value management.


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Inventory of Ethical Issues in

Business

Employee-Employer Relations

Employer-Employee Relations

Company-Customer Relations

Company-Shareholder Relations

Company-Community/Public Interest


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Two Areas of Business Ethics

Obvious mischief

Moral mazes


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DIMENSIONS OF ETHICS

Behaviour that is

illegal & unethical

Behaviour that is

illegal yet ethical

Behaviour that is

legal yet unethical

Behaviour that is

both legal & ethical


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Common Misconduct in

Organizations Misrepresenting hours worked

Employees lying to supervisors

Management lying to employees,customers, vendors or the public

Misuse of organizational assets

Lying on reports/falsifying records

Stealing/theft

Accepting or giving bribes or kickbacks Withholding needed information from

employees, customers, vendors or public


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Common Causes of Unethical

Behavior

Pressure

Fear

Greed

Convenience


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Ethical Tips for Organizations

Develop a code of ethics.

Communicate code and bake it intoculture top-down.

Treat ethics as a process. Create open lines of communication.

Set good examples.

Educate employees frame issuesthrough storytelling.

Value forgiveness.


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Benefits of Managing Ethics in

the Workplace

Improves society.

Maintains a moral course in turbulent

times.

Cultivates employee teamwork,

productivity, morale and development.

Acts as an insurance policy.


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Benefits of Managing Ethics

in the Workplace

Establishes values for quality

management, strategic planning and

diversity management.

Promotes strong public image.

It is the RIGHT thing to do!


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3 Models of Management

Ethics1. Immoral ManagementA style devoid

of ethical principles and activeopposition to what is ethical.

2. Moral ManagementConforms to highstandards of ethical behavior.

3. Amoral Management

Intentional - does not consider ethicalfactors

Unintentional - casual or careless aboutethical considerations in business

O C S O G


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THREE APPROACHES TO MANAGEMENT

ETHICS


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Primark fires child worker firms

Primark said that only a tiny part of its clothing range was

affected UK clothing firm Primark has fired three Indian

suppliers because they used child labour to finish goods.

The suppliers sub-contracted smaller firms, which were using

child labor to carry out embroidery and sequin work.

The BBC's Panorama programmed, which carried out a six-monthinvestigation, alerted Primark to the problems.

Consumers are increasingly demanding that companies produce

goods in an ethical manner, turning the spotlight on worker wages

and working conditions.


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CONCLUSION:

Ethics are the building block of our

society and thus should be the building

block of our corporations. Henry Kravis

states, If you build that foundation, boththe moral and the ethical foundation, as

well as the business foundationthen

the building won't crumble.


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Documents

Ehtics in Business 12