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Business Ethics: An overview
Framing Business Ethics- CSR, stakeholders
and Citizenship
Ethical theories
Tools and Techniques of Business Ethics
Management, Role of various agencies in
ensuring ethics in corporation
Contextualizing Business Ethics- Corporate
Governance, Accounting and finance
Content Contd
Employees and Business Ethics
Consumers and Business Ethics
Suppliers, Competitors and business ethics
IT and Ethics
Environment and Business Ethics
Civil Society and Business Ethics
Government, Regulation and business ethics
Business Ethics: An overview
Adapted from Business Ethics by Andrew Crane and Dirk Matten (2nd edition)- OUP
Module 1: What is Business Ethics
Module 2: Why Business ethics is important
Module 3: Business Ethics in different
Organizational contexts
Module 4: Globalization: key context for
business ethics
Module 5: Sustainability: A goal for business
ethics
What is Business Ethics?
What is business ethics?
Business ethics is the study of business
situations, activities, and decisions where issues
of right and wrong are addressed.
Globalization provides potential for greater profitability, but also greater risks. Lack of
Stakeholders regulation of global capital markets, leading to additional financial risks and instability.
Government & Globalization weakens governments and increases the corporate responsibility for jobs,
regulation welfare, maintenance of ethical standards, etc. Globalization also confronts governments
with corporations from different cultural expectations about issues such as bribery,
corruption, taxation, and philanthropy.
Europe N. America Asia
Who is responsible for ethical Social control by the The individual Top management
collective
conduct in business?
Who is the key actor in business Government, trade The corporation Government,
unions, corporate corporations
ethics? associations
Negotiated legal Corporate codes of
What are the key guidelines for framework of
Managerial
ethics discretion
ethical behaviour? business
Social issues in
What are the key issues in Misconduct and Corporate
organizing the
immorality in single governance and
business ethics? framework of
decisions situations accountability
business
What is the dominant Formalised multiple Focus on Implicit multiple
stakeholder approach shareholder value stakeholder
stakeholder management approach, benign
approach? managerialism
Adapted from Business ethics- Crane and Matten (2nd ed)OUP
Business Ethics
Sustainability: a key goal for business
ethics?
Sustainability: a key goal for business
ethics?
Sustainability refers to the long-term
maintenance of systems according to
environmental, economic and social
considerations
The three components of sustainability