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eight years it has put out a list it labels the Worlds Most Ethical Companies. 2014,
some of which are :
3M Company
(industrial manufacturing)
USA
Adobe Systems Inc. ( computer software)
USA
CISCO Systems Inc. (telecommunications)
USA
Cleveland Clinic
(healthcare services)
USA
Interntl Hospitals Construcn Co. (Construction)
Saudi Arabia
Kellogg Company (food & beverage )
USA
Ford Motor
(automobiles)
USA
Worlds Most Ethical Companies http://www.forbes.com/sites/susanadams/2014/03/20/the-worlds-most-ethical-companies/#5fe9f6dd4d16
Morality
The standards that an individual or a
group has about what is right and
wrong or good and evil.
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Morality
Moral standards
The norms about the
kinds of actions
believed to be morally
right and wrong as well
as the values placed on
what we believe to be
morally good and
morally bad.
Non-Moral Standards
The standards by
which we judge what is
good or bad and right
or wrong in a nonmoral way.
Ethics
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Ethics
Ethical practice involves action that
best serves the ideas of honesty,
integrity, morality and good
management practices.
Philip Wheel Wright says- Ethics is the
branch of philosophy which is the
systematic study of selective
choice, of the standards of right
and wrong and by which it may
ultimately be directed.
Prepared by Dr. Razia Irfan (Spring
http://authoru.org/wp2016)
Objectives of ethics
Objectives of ethics
A) Analysis and Evaluation:
Ethical analysis and ethical diagnosis of past events,
happenings, clarifying the standards, uncover the moral
values, habits of thought.
Ethics provides rational methods for answering the
present situation and related future issues. Wellequipped information is a must to achieve this second
objective, a careful assessment of relevant information
will lead to balanced judgments.
B) Approaches to resolve ethical dilemmas:
It provides therapeutic advice when facing the present
dilemmas and future dangers.
Only the condition,Prepared
which
requires a true identification of
by Dr. Razia Irfan (Spring
2016)
Business ethics
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Goodwill of the
business and
businessman
Ethical behavior will lead
to a strong public image
which is a symptom of
success in the long run
Self satisfaction
Encourage others
A businessman is first a
member of society, so
inner satisfaction would
only be gained with
ethical decisions
New management
An important feature is
that it follows a code of
conduct, which remains
on all the principles of
service to humanity.
Prepared by Dr. Razia Irfan (Spring
2016)
Protection both
sides
An ethical organization
has sincere businessmen
with higher levels of
commitment.
Success and
development
Ethical conduct of
business leads to
development and series
of success
questions about
the social,
political, legal,
System
or economic
ic
systems within
which
companies
operate.
ethical
questions about
a particular
Corpor
corporation and
its policies,
ate
culture, climate,
impact, or
actions.
ethical
questions about
a particular
Individ
individuals
ual
decisions,
behavior, or
Prepared by Dr. Razia Irfan (Spring
character.
2016)
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Globalization
Many of the pressing issues in business
ethics are related to globalization driven
by multinational corporations
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Globalization is:
Blamed for many ills including rising
inequality, cultural losses, a "race to the
bottom" (lower wages, environmental
standard, etc. to attract foreign
companies), introduction of inappropriate
technologies into developing countries.
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Hypernorms:
those moral standards that
should be applied to people in
all societies.
Microsocial norms:
those norms that differ from one
community to another and that
should be applied to people only if
their community accepts those
particular norms.
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Moral Reasoning :
The reasoning process by which human behaviors,
institutions, or policies are judged to be in accordance
with or in violation of moral standards.
Moral reasoning involves:
The moral
standards by
which we
evaluate
things
Information
about what
is being
evaluated
A moral
judgment
about what
is being
evaluated.
Rationalizing our
Actions
Moral development
orientation
Rationalizing our
ActionsFour
Rationalizing our
Actions
Moral Responsibility
Three Components of Moral Responsibility:
Person caused or helped cause the injury, or
failed to prevent it when he or she could and should
have (causality).
Person did so knowing what he or she was doing
(knowledge).
Person did so of his or her own free will (freedom).
Copyright 2012 Pearson Education, Inc. All
Rationalizing our
Actions
Minimal contribution
In general, the less ones actual actions contribute to the outcome
of an act, the less one is morally responsible for that outcome.
Uncertainty
A person may be fairly convinced that doing something is wrong
yet may still be doubtful about some important facts, or may have
doubts about the moral standards involved, or doubts about how
seriously wrong the action is.
Difficulty
A person may find it difficult to avoid a certain course of action
because he or she is subjected to threats or duress of some sort or
because avoiding that course of action will impose heavy costs on
the person.
Moral responsibility is not Mitigated by:
The cooperation of others
Following orders
Copyright 2012 Pearson Education, Inc. All