PRESENTATION ON DUTY ETHICS IN THE BUSINESS ENVIRONMENT

SUBMITTED TO -

SUBMITTED BY -

PROF. ANSHU THAKUR

ANIL BHATI ANKIT CHOPDA

DUTY ETHICS

Duty ethics is also known as deontological ethics. The word 'deontological' comes from the Greek word deon, which means 'duty'. Duty ethics determines the ethics of an act by looking not to the consequences of the decision but the

CONTD
Duty ethics are concerned with what people do, not with the consequences of their actions. Do the right thing. Do it because it's the right thing to do. Don't do wrong things. Avoid them because they are wrong.

IMPORTANCE OF DUTY ETHICS

Emphasises the value of every human being. Duty ethical systems tend to focus on giving equal respect to all human beings.

Deals with intentions and motives.

This provides a basis for human rights - it forces due regard to be given to the interests of a single person even when those are at odds with the interests of a larger group.

DUTY ETHICS IN FINANCE

The changes brought about by takeovers & mergers should be handled in such a manner that all the interests of shareholders and stakeholders of the organizations are protected.

DUTY ETHICS IN HRM

Discrimination Ageism Remuneration

Firing

DUTY ETHICS IN MARKETING

Policies adapted for competitors to gain larger market share. Biased marketing. Pricing a product

DUTY ETHICS IN OPERATIONS MANAGEMENT

Purchasing of raw material. Forward buying. Disclosure of confidential information.

DUTY ETHICS IN BUSINESS

Show professionalism in conducting business activities. Customers want to do business with a company they can trust; when trust is at the core of a company, it's easy to recognize.

CONTD

Take a hands-on approach to accounting and record keeping, not only as a means of gaining a better feel for the progress of your company, but as a resource for any "questionable " activities. Treat others with the utmost of respect. Regardless of differences, positions, titles, ages, or other types of distinctions, always treat others with professional respect and courtesy.

TATAS ETHICS

National interest Competition Equal opportunities employer Political non-alignment Health, safety and environment Quality of products and services Cooperation of Tata companies

ETHICAL CONDUCT

Every employee of a Tata company, including full-time directors and the chief executive, shall exhibit culturally appropriate deportment in the countries they operate in, and deal on behalf of the company with professionalism, honesty and integrity, while conforming to high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be so by third parties. Every employee of a Tata company shall preserve the human rights of every individual and the community, and shall strive to honour commitments. Every employee shall be responsible for the implementation of and compliance with the Code in his / her environment. Failure to adhere to the Code could attract severe consequences, including termination of employment.

THANK YOU