ETHICS

Derived from Greek Character or Manners word Ethicos meaning

It refers to a system of moral principles a sense of right and wrong, Goodness and Badness.
Set of moral principles prescribing code, explains what is good and right, or bad and wrong.

Business Ethics
Business ethics is the
same as the generally accepted norms of good or bad practices. If dishonesty is immoral in society, then any business person practicing a dishonest act is treated as indulging in unethical actions.

Objective of Ethics
Studies human behavior and makes evaluative assessment about them as moral or immoral Establishes moral standards and norms of behavior Makes judgment upon human behavior based on these standards and norms Prescribes moral behavior and makes recommendations about how to or how not to behave Expresses an opinion or attitude about human conduct in general

Sources of Business Ethics

Religion Cultural Experience The Legal System

Relationship Between Business and Ethics

Unitarian View: Business & morality cannot be separated and it must play by the rules of ethics of the community.
Moral Structure

Business

Moral Ethics

Myths About Ethics

Ethics in Personal

Information is neutral and amoral

Business and ethics dont Mix

Good Business means Good ethics

Business ethics is Relative

Why Ethics is Important?

Business is a subsystem of society Values helps in better Decision Making Ethics and Profit Go together

Empowers all stakeholders concerned

Reduction in cost of friction with social environment Important for organizations leaders because they influence the ethical climate for the rest.

Ethical Dilemmas
The ethical dilemmas arises from the three sources: Face to Face Ethics Corporate policy Ethics Functional area Ethics

HR Ethical Issues
Ethical issues abound in hr activities. Area of misconduct in the personnel function included: Employees Responsibility Cash and Incentive Plan Performance Appraisal Race and Disability Job Discrimination Privacy Issues Safety and Hleath

Managing Ethics
In the past most of the firms assumed that ethics is a matter of individual conscience. But today many businesses are using managerial techniques to encourage ethical behavior. Some of the managerial interventions to ensure ethical behavior are: o Top Management o Code of Ethics o Ethics Committees o Whistle Blowing o Ethics Training Programmes

Why Misconduct Is Not Reported...

Belief that nothing will be done

Fear of retaliation Fear of being viewed as a troublemaker

Ethics and Law

The objective of ethics and law is same defining proper and improper behavior. However, in practices they differ. Law seeks to reduce to written rules. Ethics goes beyond the formal language of law and the meanings given to legal rules. The consumer Protection Act 1986 The Environment protection act 1986 The Essential Commodities Act 1955

Ways of Resolving Ethical Issues

1st : he or she can consider three well known principles to resolve an ethical issues Moral idealism Intuition Utilitarianism

2nd :consider some decision tactics that illuminate moral choices.

3rd write pros and cons in the form of balancesheet 4th sort out ethical priorities before problem arise.
5th take the final decision

 Thank U