My Business Prsntatn

8/8/2019 My Business Prsntatn

1/23


2/23


3/23

BUSINESS ETHICS

COMPILED BY:-

RITIKA

TRIPTI

SWATI

PRABHJOT

SHIPRA

ALISHA

AKRITI


4/23

MEANING OF BUSINESS

ETHICS Business ethics refers to the moral principle

which should govern business activities.They are concerned with determining what

is right and what is wrong while doing the

business. Business ethics provide a code of

conduct for the managers. Another conceptrelated to business ethics is that of values

which denote societys beliefs regarding

certain issues.


5/23

CODE OF CONDUCT

EXCELLENCE

TEAM WORK HONESTY

INTEGRITY

COMMITMENT SINCERITY


6/23

BUSINESS ETHICS

Rules or standardsgoverning

the conduct of abusiness

Moral code what isrightand what is wrong?

Highly subjectivenature

Tension betweendifferent stakeholders


7/23

BUSINESS ETHICS:EXAMPLES

Examples:

Production of children's toys

Coffee industry Baby milk

Music industry

Multi-national operations

McDonalds food quality, litter Chocolate industry

Jewellery diamonds and gold

Chemical industry


8/23

BUSINESS DRESS CODE SHOULD

BE A FORMALAND A

COMFORTABLE UNIFORM.


9/23

TRUE BUSINESS ETHICS

True business ethics is

not to get swayed with

the lust of money and

follow the right ways

of conducting business

in a healthy way.


10/23

ETHICS BOOST THE

MORALEBeing ethically good

and socially

responsible boosts up

the morale and

goodwill of the firm.


11/23

BUISNESS ETHICS: PROBLEMS

Tensions:

Profits versus higher wages

Expansion versusdevelopment

Production versus pollution

Supplier benefits versusconsumer prices/lowercosts

Survival of the businessversus needs ofstakeholders


12/23

BUSINESS ETHICS :SOLUTIONS

Solutions:

Taxation

Self Regulation Subsidies

Government/EU regulation

Legislation

Pressure Groups

Improve competition andcontestabilityof markets

Social and Environmental Audits


13/23

ETHICS IN COMPETETION

Competing with themarket force to

increase or sustain theprofits should beethical. Just to earnprofits the

businessmen shouldnot use theircustomers for theirown selfish motives.


14/23

BUSINESSMEN HAVE A HARD TIME

DECIDING BETWEEN MONEYAND

ETHICS


15/23

MONEY OR ETHICS?????


16/23

CASE STUDYTBETTER WORLD BOOKS

BHOPALGAS RAGEDY


17/23

BETTER WORLD BOOKS

BE ER

WORLDBOOKS

SOCIALLY

RESPONSIBLE

BUSINESS

MODEL


18/23

BETTER WORLD BOOKS

The case examines the

business model of Better

World Books (BWB), theUS based online

bookseller, founded in

2002, the company

collected old and new

books from individuals

book sellers, collages,

libraries .


19/23

BETTER WORLD BOOKS

There main motive is

that children and their

families have access to

books, so they can

continue improving

their literacy skills

which is building

block to all other

learning

Better world books did

not advertise in the media

about collecting andselling books : awareness

about its business model

was mainly spread

through word of mouth.

According to Helgesen ,

Every time a customer is

astonished, they are going

to tell people, and that

endorsement wont cost adime..


20/23

BHOPALGAS TRAGEDY

December 3, 2009, marked

the 25th anniversary of the

worlds worst ever

industrial disaster the gas

leak that occurred at Union

Carbide Ltds (UCIL)

pesticide plant in

Bhopal(Madhya Pradesh,

India). 3,000 people were

killed and many wereinjured, occurred when

water entered Methyl

Isocyanate ( MIC) storage

tank.


21/23

BHOPALGAS TRAGEDY

Bhopal is not just an incident of industrial disaster and

human suffering from the last century. It is very much an

issue of the present century of corporate accountability,people rights, and government responsibility. The lack of

mandatory laws and norms governing multinationals, legal

complexities, and government failures are serious obstacles

in ensuring justice for the people of Bhopal, and for the

victims of corporate complicity in crimes against

environment, peoples lives and safety.


22/23

CONCLUSION

An integrity approach to business can yield strengthened

competitiveness: it facilitates the delivery of quality productsin an honest, reliable way. This approach can enhance work

life by making the workplace more fun and challenging. It can

improve relationships with stakeholders and can instill a more

positive mindset that fosters creativity and innovations among

the stakeholders.

The purpose of ethics is to enhance our lives and our

relationships both inside and outside of the organization.


23/23

Documents

My Business Prsntatn