Presented By : Rajnikant Mishra -211 Avipsa Acharya - 212 Amit Kumar - 214 S.

Lipsa Prusty - 215 Ankita Kumari - 216 Nikita Sheth - 217 Nikita Chaurasia - 218 Khitish Sagar - 219 Jayshree Biswal - 220

SUMMARY:
ETHICS

Inventory of Ethical Issues in Business Two Areas of Business Ethics

DIMENSIONS OF ETHICS

Common Misconduct in Organizations

Common Causes of Unethical Behavior Ethical Tips for Organizations
Benefits of Managing Ethics in the Workplace

3 Models of Management Ethics

THREE APPROACHES TO MANAGEMENT

ETHICS

QUOTE:
A man without ethics is a wild beast loosed upon this world.
ALBERT CAMUS

ETHICS

The study of moral obligation involving the distinction between right and wrong. Business Ethics: right or wrong in the workplace value management.

Inventory of Ethical Issues in Business

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

Two Areas of Business Ethics

Obvious mischief

Moral mazes

DIMENSIONS OF ETHICS
Behaviour that is illegal & unethical Behaviour that is illegal yet ethical

Behaviour that is legal yet unethical

Behaviour that is both legal & ethical

Common Misconduct in Organizations

Misrepresenting hours worked Employees lying to supervisors Management lying to employees, customers, vendors or the public Misuse of organizational assets Lying on reports/falsifying records Stealing/theft Accepting or giving bribes or kickbacks Withholding needed information from employees, customers, vendors or public

Common Causes of Unethical Behavior

Pressure Fear Greed Convenience

Ethical Tips for Organizations

Develop a code of ethics. Communicate code and bake it into culture top-down. Treat ethics as a process. Create open lines of communication. Set good examples. Educate employees frame issues through storytelling. Value forgiveness.

Benefits of Managing Ethics in the Workplace

Improves society. Maintains a moral course in turbulent times. Cultivates employee teamwork, productivity, morale and development. Acts as an insurance policy.

Benefits of Managing Ethics in the Workplace

Establishes values for quality management, strategic planning and diversity management.

Promotes strong public image.

It is the RIGHT thing to do!

3 Models of Management Ethics

1. 2. 3.

Immoral ManagementA style devoid of ethical principles and active opposition to what is ethical. Moral ManagementConforms to high standards of ethical behavior. Amoral Management
Intentional - does not consider ethical

factors Unintentional - casual or careless about ethical considerations in business

THREE APPROACHES TO MANAGEMENT

ETHICS

Primark fires child worker firms

Primark said that only a tiny part of its clothing range was affected UK clothing firm Primark has fired three Indian suppliers because they used child labour to finish goods. The suppliers sub-contracted smaller firms, which were using child labor to carry out embroidery and sequin work. The BBC's Panorama programmed, which carried out a six-month investigation, alerted Primark to the problems. Consumers are increasingly demanding that companies produce goods in an ethical manner, turning the spotlight on worker wages and working conditions.

CONCLUSION:

Ethics are the building block of our society and thus should be the building block of our corporations. Henry Kravis states, If you build that foundation, both the moral and the ethical foundation, as well as the business foundationthen the building won't crumble.