Business Ethics

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PROFESSIONAL ETHICAL PRACTICE

• Dr. ANANDA KUMAR
• Professor
• Department of Mgt. Studies
• Christ College of Engg. Tech.
• Puducherry, India.
• Mobile [phone]
• E-mail searchanandu_at_gmail.com

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• Engineering Ethics Moral issues, Ethical
  theories and their uses
• Engineering as Experimentation Code of Ethics
• Engineers responsibility for safety
• Responsibilities and rights
• Global issues of engineering ethics

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Ethics

• Ethics is derived from the Greek word ethos,
  referring to the philosophical science that deals
  with the rightness and wrongness of human
  actions.
• Ethics refers to the most important values and
  beliefs of an individual and/or a society. These
  beliefs help to shape the character of the people
  in that society, teaching them what is good and
  bad.

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Values

• Value is that which makes actions, character,
  traits and objects of any one to be good or bad.
  Examining the moral qualities of people or
  actions and their non-moral characters inevitably
  raises the qualities of the nature or source of
  those values.

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Integrity

• Integrity is one of the core qualities that the
  professional practitioners should possess. It
  refers to honesty and open mindedness either with
  oneselves or others. Mostly this involves the
  discovery of truth and its communication. Very
  specifically integrity refers to the capacity to
  communicate the truth in proper manner so that it
  enables the client and others to make
  informed-decisions.

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Work Ethics

• Attendence
• Character
• Teamwork
• Appearance
• Attitude
• Productivity
• Organisational Skills
• Communication

Cooperation Respect
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Self Respect

• Self respect means treating oneself with dignity.
  Self respect helps a person to act in a positive
  manner and to stand against harmful actions.
• It is to be noted that people without self
  respect usually never mind being unethical.

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Commitment

• Commitment implies
• To friends-maintaining confidentiality
• To Customers-Rendering proper service
• To Community-Responsibility

• Unkept commitment leads
• Increase in stress level
• Unfulfilling life
• Isolation and depression
• Feeling of guilt
• Business loss

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Engineering Ethics

Engineering
Philosophy
What is better design?
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Engineering Ethics

• the study of moral issues and decisions
  confronting the individuals and organisations
  engaged in engineering field
• moral ideals, character, policies and
  relationships of people and corporation involved
  in technological activity.

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Engineering Ethics

• the study of moral issues and decisions
  confronting the individuals and organisations
  engaged in engineering field
• moral ideals, character, policies and
  relationships of people and corporation involved
  in technological activity.

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Engineering Ethics

• the study of moral issues and decisions
  confronting the individuals and organisations
  engaged in engineering field
• moral ideals, character, policies and
  relationships of people and corporation involved
  in technological activity.

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Ethics

• Do the Right Thing
• Behaving Ethically Includes
• Being honest.
• Keeping promises.
• Doing your job well.
• Not stealing.
• Definitions
• Ethics involves a discipline that examines good
  or bad practices within the context of a moral
  duty

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Ethics of Accounting Information

• Accounting ethics is primarily a field of applied
  ethics, the study of moral values and judgments
  as they apply to accountancy. It is an example of
  professional ethics.
• Accounting ethics were first introduced by Luca
  Pacioli, and later expanded by government groups,
  professional organizations, and independent
  companies. Ethics are taught in accounting
  courses at higher education institutions as well
  as by companies training accountants and auditors.

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Ethics of Human Resource Mgt.

• The ethics of human resource management (HRM)
  covers those ethical issues arising around the
  employer-employee relationship, such as the
  rights and duties owed between employer and
  employee.

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Ethics of Sales and Marketing

• Marketing ethics is the area of applied ethics
  which deals with the moral principles behind the
  operation and regulation of marketing. Some areas
  of marketing ethics (ethics of advertising and
  promotion) overlap with media ethics.

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Ethics of Production

• This area of business ethics deals with the
  duties of a company to ensure that products and
  production processes do not cause harm. Some of
  the more acute dilemmas in this area arise out of
  the fact that there is usually a degree of danger
  in any product or production process and it is
  difficult to define a degree of permissibility,
  or the degree of permissibility may depend on the
  changing state of preventative technologies or
  changing social perceptions of acceptable risk.

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Why are Ethics Important in Business?

• Running a business ethically is good for
  business. However, "business ethics" if properly
  interpreted means the standards of conduct of
  individual business people, not necessarily the
  standards of business as a whole.

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Why are Ethics Important in Business?

• Running a business ethically is good for
  business. However, "business ethics" if properly
  interpreted means the standards of conduct of
  individual business people, not necessarily the
  standards of business as a whole.

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Why are Ethics Important in Business?

• Running a business ethically is good for
  business. However, "business ethics" if properly
  interpreted means the standards of conduct of
  individual business people, not necessarily the
  standards of business as a whole.

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Ethical Issues in Business

• Employee-Employer Relations
• Employer-Employee Relations
• Company-Customer Relations
• Company-Shareholder Relations
• Company-Community/Public Interest

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Ego

• A personality measure of the strength of a
  persons convictions

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Ethical Leadership

• Managers must provide a good role model by
• Being ethical and honest at all times.
• Telling the truth dont hide or manipulate
  information.
• Admitting failure and not trying to cover it up.
• Communicating shared ethical values to employees
  through symbols, stories, and slogans.
• Rewarding employees who behave ethically and
  punish those who do not.
• Protecting employees (whistleblowers) who bring
  to light unethical behaviors or raise ethical
  issues.

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Ethical Leadership

• Respect for human dignity
• Create culture that values employees, customers,
  and suppliers.
• Keep a safe workplace.
• Produce safe products and services.
• Respect for basic rights
• Protect rights of employees, customers, and
  communities.
• Avoid anything that threatening safety, health,
  education, and living standards.
• Be good citizens
• Support social institutions, including economic
  and educational systems.
• Work with local government and institutions to
  protect environment.

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SWOT Analysis

• A strategic planning tool that separates
  influences on a businesss future success into
  internal and external factors

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• Social Responsibilities
• Stake Holders
• Risk reduction and risk retension
• Moral and Immoral managers

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Integrity

• Integrity is the bridge between responsibility in
  private and professional life.

Individual Authority in Org
the power or right to give orders, make
decisions, and enforce obedience.
Responsibility
the state or fact of having a duty to deal with
something or of having control over someone.  A
duty or obligation to satisfactorily perform or
complete a task
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Honest

• used to persuade someone of the truth of
  something.
• 1. Truthfulness 2. Trustworthiness