Ethics Presentation - Unitedworld School of Business

7/28/2019 Ethics Presentation - Unitedworld School of Business

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BUSINESS ETHICS


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WHAT IS ETHICS

Ethics may be referred to some standardized form of

conduct or behavior of individuals, understood and

accepted in a particular field of activity

The work ETHICS has its origin in Greek word Ethics

means character, norms, morals and ideals prevailing in

a group and society.

Ethics is a mass of moral principles or set of values

about what conduct ought to be. They give an idea what

is right or wrong, true of false, fair or unfair, just or

unjust, proper or improper, e.g. Honesty, obedience,

equality, fairness, etc and respect and then doing the

right thing


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BUSINESS ETHICS

Carter McNamara has defined: Business ethicsis generally coming to know what is right and

wrong in the workplace and doing what is right-

this is in regard to efforts of products/ services

and in relationships with stakeholders.

A group of moral principles, standards of behavior, or

set of values regarding proper conduct in the

workplace


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Ethical questions fall under one or more of

following levels:

Level 2 : Stake holders

Level 3 : Internal policy

Level 4 : Individual

Level 1: Society


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Continued

Individual level: personal level interactions,

obligations and rights as human beings

Internal policy: ethics in practices of organization

w.r.t. employment, rights of employees, etc.

Stake holders: suppliers, creditors, customers, etc.

Society: External agencies, social institutions, etc.


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Common Morality: (Morals or Principles)

Morality is body of rules governing the ordinaryethical problems

Promise keeping

Non- malevolence (prevent violent conflicts)

Mutual aid (among people, societies, nations)

Respect for persons (regard other people as an end in

themselves)

Respect for property ( obtain consent of owners before

using their property.


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How to have ethics in business ?

Ethical Audits, Ethics committees, judicial boards, Ethics

training programs, etc., :- to have ethical policies in

business

Groups to whom corporate ethics codes apply??

* Employees & their families

* Local communities

* Suppliers

* Share holders

* Country Govt.

* Foreign Govt.s


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Global Ethical Issues

Wages and hours

Child labour

Discrimination

Legal and ethical business practices

Product safety and quality

Environment


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What causes unethical behaviour

Stress

Confusion

Pressure to perform at expected levels

Competition within the industry

No knowledge


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ETHICS IN THE WORKPLACE

Relationships at Work

Management/owner toward

client/customer

Management/owner toward

employees Employee toward Employer,

Co-workers, Customers


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Business Abuse

Any : illegal

unethical

irresponsible Act done

against an Employer


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Results of BusinessAbuse

Higher prices

Business FailureFewer Jobs

Unpleasant Working

Conditions


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A.Examples of Business Abuse

Stealing

Merchandise

Money* Shoplift *Kickback

* Conflict of Interest

* Unauthorized Discounts Time

CS O C


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A. Examples of Business

Abuse (Continued)

Vandalism (damage)

Forge Records

Break Confidentiality

Ignore Safety Rules

Misrepresent Merchandise



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Abuse (Continued)

Poor Client Service

Irresponsible Behavior

Addictions

* drugs

* alcohol

* tobacco



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Abuse (Continued)

Gossip

* Causes poor work

environment (morale)

* Lowers Productivity



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How Do We Rationalize

Business Abuse?

Everybody does it

The co. wont mind it

The co. overcharges

Im not paid enough

The co. doesnt deserve my

loyalty



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C. How Employers

Respond to Business

Abuse

Increase Security

* loss prevention mgmt.

* surveillance* Networks/Helplines

* threats of prosecution



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C. How Employers

Respond to Business

Abuse (Continued)

Increase Employee Loyalty

* fair wages & benefits

* fair/consistent treatment

* recognition for good wk

* foster family climate



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D.As Employees, What

Are Our Choices?

Ignore Business Abuse

Rationalize it away

Speak Up

Discuss to Clarify Issues

Blow the Whistle!

C O i


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Campus Overview

907/A Uvarshad,

Gandhinagar

Highway, Ahmedabad

382422.

Ahmedabad Kolkata

Infinity Benchmark, 10th

Floor, Plot G1,Block EP & GP,

Sector V, Salt-Lake,

Kolkata700091.

Mumbai

Goldline Business Centre

Linkway Estate,Next to Chincholi Fire

Brigade, Malad (West),

Mumbai 400 064.


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THANK YOU

Documents

Ethics Presentation - Unitedworld School of Business