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BUSINESS ETHICS

SUBMITTED BY:

ANKUSH GUPTA41-MBA-09

MBA 2ND SEMESTER

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Introduction

Business Ethics

Publics interest in business ethics increased

during the last four decades Publics interest in business ethics spurred by

the media

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Inventory of Ethical Issues in Business

Employee-Employer Relations

Employer-Employee Relations

Company-Customer Relations

Company-Shareholder Relations

Company-Community/Public Interest

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Publics Opinion of Business Ethics

Gallup Poll finds that only 17 percent to 20percent of the public thought the businessethics of executives to be very high or high

To understand public sentiment towardsbusiness ethics, ask three questions

Has business ethics really deteriorated?

Are the media reporting ethical problems morefrequently and vigorously?

Are practices that once were socially acceptableno longer socially acceptable?

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Business Ethics: What Does It Really Mean?

Ethical Problem

Ethical

Problem

Societys

Expectations

of Business

Ethics

Actual

BusinessEthics

1950s Early 2000sTime

Business Ethics:Today vs. Earlier Period

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Business Ethics: What Does It Really

Mean?

Definitions

Ethics involves a discipline that examines goodor bad practices within the context of a moralduty

Moral conduct is behavior that is right orwrong

Business ethics include practices andbehaviors that are good or bad

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Conventional Approach to Business

Ethics

Conventional approach to business ethics

involves a comparison of a decision or practice

to prevailing societal norms

Pitfall: ethical relativism

Decision or Practice Prevailing Norms

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Sources of Ethical Norms

Fellow Workers

Family

Friends

The Law

Regions of

Country

Profession

Employer

Society at Large

Fellow Workers

Religious

Beliefs

The Individual

Conscience

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Ethics and the Law

Law often represents an ethical minimum

Ethics often represents a standard that

exceeds the legal minimum

Ethics Law

Frequent Overlap

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Making Ethical Judgments

Behavior or act

that has been

committed

Prevailing norms

of acceptability

Value judgments

and perceptions ofthe observer

compared with

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Ethics, Economics, and Law

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Four Important Ethical Questions

What is?

What ought to be?

How to we get from what is to what ought tobe?

What is our motivation for acting ethically?

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3 Models of Management Ethics

1. Immoral ManagementA style devoid of ethical

principles and active opposition to what is ethical.

2. Moral ManagementConforms to high standards

of ethical behavior.

3. Amoral Management

Intentional - does not consider ethical factors

Unintentional - casual or careless about ethicalconsiderations in business

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3 Models of Management Ethics

Three Types Of Management Ethics

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Three Approaches to Management Ethics

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Three Models of Management

Morality and Emphasis on CSR

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Moral Management Models and

Acceptable Stakeholder Thinking

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Making Moral Management

Actionable

Important Factors

Senior management

Ethics training

Self-analysis

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Developing Moral Judgment

External Sources of a Managers

Values

Religious values

Philosophical values

Cultural values

Legal values

Professional values

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Developing Moral Judgment

Internal Sources of a Managers Values

Respect for the authority structure

Loyalty Conformity

Performance

Results

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Elements of Moral Judgment

Moral imagination

Moral identification and ordering

Moral evaluation

Tolerance of moral disagreement andambiguity

Integration of managerial and moral

competence A sense of moral obligation

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Elements of Moral Judgment

Amoral Managers Moral Managers

Moral Imagination

Moral IdentificationMoral Evaluation

Tolerance of Moral Disagreement

and Ambiguity

Integration of Managerial and MoralCompetence

A Senses of Moral Obligation

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Selected Key Terms

Amoral management

Business ethics

Ethics

Immoral management

Levels of moral development

Moral management

Morality

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