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BBA 3rd (Course Overview &
Introduction)
Best way of consultation is through e-mail;
([email protected]) OR
Skype (humna.asif)
Course would be based on lecture
discussions, mainly comprising of Case
Studies
A branch of Philosophy
Set of Moral principles that govern a
person's or group's behavior
The moral correctness of specified
conduct
Refers to a bunch of Norms
Judgments from society
Moral Values“beliefs or ideals of a person or social group, which
are judged in the light of reason and humanity”
Norms“explicit or implicit rules specifying what behaviors
are acceptable within a society or group” Judgments
“the ability to make a decision, or form an opinion wisely; with good sense”
Right Vs. Good Wrong Vs. Bad Unethical Vs. Illegal
comprises principles and standards that guide behavior in the world of business
acceptable or unacceptable behavior within or outside the organization
is determined by key stakeholders
what is right and wrong, good and bad, and harmful or beneficial regarding decisions and actions in & around organizational activities
The discipline of applying ethical principles to
solve complex moral dilemmas
An area that requires reasoning and judgment
based on individuals’ principles and beliefs in
making choices that balance self-interest
against social claims and responsibilities
is the obligation a business assumes toward society
is designed to maximize the positive influence & minimize the negative
includes economic, legal, ethical, and philanthropic dimensions
Social responsibility represents the duties of an individual or organization to be accountable for its decisions
Social responsibility is best described as a subset of ethics
To develop students’ critical thinking skills by:
Stimulating moral investigation
Analyzing key concepts
Dealing with ambiguity and disagreement
Prepare students for issues they will face in
business careers
Stimulate students’ sense of social responsibility
Laws are not sufficient to cover “gray areas”
To anticipate laws and the market in order to;
Prevent fraud or other organizational wrongdoing
Long-term market rewards through positive
reputation
To increase employee morale and productivity
Because business is part of the social system in
which we all must live
Obey laws
Adopt codes of ethics that focus on
stakeholder interest over shareholder
interest
Participate in socially responsible
initiatives
(Examples…)
Customers
Employees and labor unions
Individual citizens
Shareholders
Environment
Government
Because something is legal, it does not
necessary make it ethical, and vice-versa
Being ethical implies more than simply
complying with existing laws
lying to supervisors
falsifying records
alcohol and drug
abuse
conflict of interest
Stealing/ bribery
gift/entertainment
receipt in violation of
company policy
favoritism
Taking credit for others’
work
Whistle blowing
terminating employees
without prior notice
using company property
for personal use
Two general categories of reasoning used to
solve ethical dilemmas -- deontology and
utilitarianism
Arguments and decisions can be made by
using either or a combination of both
Value-based
Using personal or individual beliefs of right
and wrong to solve an ethical dilemma
Follows the logic that people ought to do
what they believe is right, and refrain from
doing what they believe is wrong
Does not take consequences or long-term
outcomes into account
Outcome-based
Using the potential outcome of an action to
solve and ethical dilemma
Follows the logic that people ought to base their
decisions on the action that will result in the
greatest good for the greatest number
Does not take personal beliefs or values into
account
Individual
Organizational
Association
Societal
International
Employee-Employer Relations
Employer-Employee Relations
Company-Customer Relations
Company-Shareholder Relations
Company-Community/Public Interest
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”
Societal Beliefs
Family
Friends
The Law
Regions of Country
Profession
Employer
Society at Large
Fellow Workers
Religious Beliefs
The Individual
Conscience
What is?
What ought to be?
How to we get from what is to what
ought to be?
What is our motivation for acting
ethically?
1. Business ethics is more a matter of religion than
management
2. Our employees are ethical so we don’t need attention to
business ethics
3. Business ethics is a discipline best led by philosophers,
academics and theologians
4. Business ethics is superfluous — it only asserts the
obvious: “do good!
5. Business ethics is a matter of the good guys preaching to
the bad guys
6. Business ethics in the new policeperson on the block
7. Ethics can’t be managed
8. Business ethics and social responsibility are the
same thing
9. Our organization is not in trouble with the law, so
we’re ethical
10. Managing ethics in the workplace has little practical
relevance
“There are always those who think they know what is your
responsibility, better than you do”
-- Ralph Waldo Emerson