Business ethics

Prof. S.Swaminathan
 Ethics - Cycle

VALUES
•

BEHAVIOUR THOUGHTS

ATTITUDE
How Values are created
Belief/Faith

Environ

Values Needs

Status

Commitment
 Values and Ethics
Ethics are the set of rules that govern the
behavior of a person that address question
about morality (right or wrong, good or evil,
just or unjust, fair or unfair practices ),
established by a group or culture or
organisation.

Values refer to the beliefs which guides our

thoughts for which a person has an enduring
preference and importance
 Ethics and Values
BASIS FOR COMPARISON ETHICS VALUES

Meaning Ethics refers to the guidelines for Value is defined as the principles
conduct, that address question and ideals, that helps them in
about morality. making judgement of what is
more important.

What are they? System of moral principles. Stimuli for thinking.

Consistency Uniform Differs from person to person

Tells What is morally correct or What we want to do or achieve.

incorrect, in the given situation.

Determines Extent of rightness or wrongness Level of importance.

of our options.

What it does? Constrains Motivates

 So Ethics is…….
• The job of ethics is to reach rationale
consensus on how we should live together. We
have to agree on the ground rules
• Compliance is merely voluntary
• Ethics is about making the right rationale
decision. We always act for a reason and
every action has a rationale.
– If a reason justifies an action for me, it justifies the
same action for anyone to whom the reasons
apply
 Some Examples
• Boarding the plane
• The ambulance
• Cashier’s error
• Boss’s expense account
• Cheap Stuffing
 What is Business Ethics
• The system of laws and guidelines by which
business professionals and corporations
operate in fair, legal , moral and rationale
manner.
Preserve the Core /Stimulate the Progress

• The essence of visionary company is to

preserve the core ideology of the business
while simultaneously stimulating progress.

• This proves the “Genius of the AND” as a

visionary companies seeks to be both highly
ideological and highly progressive at the same
time