ROLEOF

ROLE OFETHICS
ETHICSIN
INBI
BI
SINESS
SINESS
BY:
BY:
SHWETA GULIA – 164
SHWETA GULIA – 164
SUBODH SHUKLA – 165
SUBODH SHUKLA – 165
SUBRAT PATRO – 16
SUBRAT PATRO – 16
 Contents
Contents
• WhatisisEthics?
• What Ethics?
• •What
Whatisisbusiness
businessethics?
ethics?
• •The
TheGolden
GoldenRule
Rule
• •Various
VariousEthical
Ethicalissues
issues
ininBusiness
Business

12/08/2021 Group: C-9, PDP 2

 WhatisisEthics?
What Ethics?
• A Afew
• fewyears
yearsago,
ago,sociologist
sociologistRaymond
RaymondB B
aumhartasked
aumhart askedbusiness
businesspeople,
people,"What
"Whatd d
oesethics
oes ethicsmean
meantotoyou?”
you?”

Miscellaneousreplies..
• • Miscellaneous replies..
Shakyviews
• • Shaky viewsabout
aboutethics..
ethics..

12/08/2021 Group: C-9, PDP 3

 Ethics
Ethics
• Ethicsisisthe
• Ethics theart
artand
andscience
scienceofofdetermi
determi
ninggood
ning goodand
andbad
badororright
rightand
andwrong
wrongmor
mor
alalbehavior.
behavior.

Theinner-guiding
• • The inner-guidingmoral
moralprinciples,
principles,valu
valu
es,and
es, andbeliefs
beliefsthat
thatpeople
peopleuse
usetotoanaly
analy
zezeororinterpret
interpreta asituation
situationand
andthen
thendec
dec
idewhat
ide whatisisthe
the“right”
“right”ororappropriate
appropriate
waytotobehave.
way behave.

12/08/2021 Group: C-9, PDP 4

 Whatisisbusiness
What businessethics?
ethics?
Theapplication
• •The applicationofofgeneral
generaleth
eth
icalconcepts
ical conceptstotothe
theunique
uniquesisi
tuationsconfronted
tuations confrontedininbusines
busines
s.s.
• •ItItasks
askswhat
whatisisright
rightororwrong
wrong
behaviorininbusiness
behavior businessand
andwhat
what
principlesororrules
principles rulescan
canbebeuse
use
d dasasguidance
guidanceininbusiness
businesssitu
situ
ations.
ations.

12/08/2021 Group: C-9, PDP 5

 Details of33Ethical
Detailsof Ethicaltheories
theories
Goldenprinciple
• • Golden principlebehind
behindthis
this––
“We should treat others the same way that we
“We should treat others the same way that we
want others to treat us.”
want others to treat us.”
Threeleading
• • Three leadingfactors
factorsinfluencing
influencingour
ourdec
dec
isionare:
ision are:
Stake
holders

Stock Social
holders contract

12/08/2021 Group: C-9, PDP 6

 Ethicalissues
Ethical issuesin
inbusiness
business
• Productsafety
• Product safetystandard
standard
ss
Advertisingcontents
• • Advertising contents
• Workingenvironment
• Working environment
Unauthorizedpayments
• • Unauthorized payments
Employee’sprivacy
• • Employee’s privacy
Environmentalissues
• • Environmental issues

12/08/2021 Group: C-9, PDP 7

 Ethicalissues
Ethical issuesin
inproduct
productsafety
safety
standards
standards
• • Hygienic
Hygienic& &safe
safetotouse
use
• • Free
Freeofofharmful
harmfulsubstances
substancesororcontent
content
belowthresholds
below thresholds
• • Disease
Diseasefree
free
• • Traceability
Traceabilityrequired
required
• • Design
Design
• Uniquenessofofproduct
• Uniqueness product

12/08/2021 Group: C-9, PDP 8

 Ethicalissues
Ethical issuesin
inAdvertising
Advertisingco
co
ntents
ntents
1)1)Puffery
Puffery "Nothingbeats
"Nothing beatsa aBud”
Bud”

2)2)Deceptive
Deceptive misleading
misleadinginformation
information

3)3)Stereotyping
StereotypingPortrayals
Portrayalsofofhousewives,
housewives,
seniors, racial groups
seniors, racial groups
4)4)Decency
Decency Violence,
Violence,dangerous
dangerousacts,
acts,
unhealthyhabits
unhealthy habits
5)5)Controversy
Controversysmoking,
smoking,alcohol,
alcohol,fashion
fashion
12/08/2021 Group: C-9, PDP 9
A wine bottle that is considered ethically wrong because the lorry may have to move to
certain places where drinking is unethical
Newspaper ads
Fake advertising
 Ethical issues in Working environm
Ethical issues in Working environm
ent
ent

• Pressure on employees
• Pressure on employees
• Misconduct at work;
• Misconduct at work;
• Willingness to report misconduct;
• Willingness to report misconduct;
• Satisfaction with their organization’s resp
• Satisfaction with their organization’s resp
onse to misconduct they report
onse to misconduct they report
• Overall satisfaction with their organization
• Overall satisfaction with their organization
s; and
s; and
• Greater likelihood of “feeling valued” by
• Greater likelihood of “feeling valued” by
their organizations
their organizations
12/08/2021 Group: C-9, PDP 13
 Ethicalissues
Ethical issuesin
inUnauthorized
Unauthorized
payments
payments

Greasepayment
• • Grease payment

Bribe
• • Bribe

12/08/2021 Group: C-9, PDP 14

 Ethicalissues
Ethical issuesin
inEmployee’s
Employee’spr
pr
ivacy
ivacy
• • Right
Rightofofthe
theindividual
individualtotocontrol
controlthe
the
dissemination of information about
dissemination of information about one one
self.
self.
• • InInsimple
simplewords,
words,“general
“generalright
righttotobebe
letalone”
let alone”
• • Areas
Areasofofconcern:
concern:
– Kind of information collected & its extent
– Kind of information collected & its extent
/way of use
/way of use
– Freedom at workplace
– Freedom at workplace
12/08/2021 Group: C-9, PDP 15
 Ethicalissues
Ethical issuesininEnvironmental
Environmental
issues
issues
• Economicresponsibilities
• Economic responsibilities
Legalresponsibilities
• • Legal responsibilities
Ethicalresponsibilities
• • Ethical responsibilities
Voluntaryresponsibilities
• • Voluntary responsibilities

12/08/2021 Group: C-9, PDP 16

 THANK YOU…
THANK YOU…

12/08/2021 Group: C-9, PDP 17