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INTRODUCTION AND
OVERVIEW OF BUSINESS
ETHICS
ETHICS, MORALITY AND
SOCIETAL FRAMEWORK
COURSE APPROACH
Action Approach Action Approach
Learning@Class Presentation, Scenario Discussion
Assessment Attendance (5 marks)
(Internal)
Case Studies & Videos
Rules of
Values
Conduct
Ethics
Ethical
Research
Practices
Moral
Principles
CASE STUDY- GOVERNMENT AND BUSINESS IN
CHINA
• C:\Users\User\Desktop\What are ethics- Case study.pdf
WHAT ARE ETHICS ??
01 02 03 04
DESCRIPTIVE NORMATIVE/ META ETHICS ( APPLIED ETHICS
ETHICS ( what PERSPECTIVE What does (How can we put
people think is ETHICS ( How RIGHT even this knowledge
RIGHT) should people mean) into action)
ACT) recommend
BUSINESS ETHICS
Business Ethics
The set of moral rules that govern how
businesses operate, how business
decisions are made and how people are
Treated.
Misleading advertising
Misleading labeling
UNETHICAL AND
OFTEN ILLEGAL
PRACTICES Poor product or service safety
……………..
Easier change management
Business perspective:
• Any action or policy should be evaluated on the basis of benefits and costs it will impose on
the society
• Any plans, programmes or actions of the organization should be chosen to produce the
greatest net benefits for the largest number of people associated with the business –which
includes society
• The net benefits should also take into consideration environment and social factors besides
economical (SROI- Social Returns on Investment)
Business perspective:
• Right for fair wages
• Right for safe working environment
• Right for working as per job description agreement
• Consumer Rights
• Right To Information (RTI)
Business perspective:
• No religion discrimination while hiring
• No situation of “women facing glass ceiling” while promoting
• No favoritism to preferred (e.g. relative) bidder during tender evaluation
Business perspective:
• Environment and Sustainability Policy (GRI)
• New CSR Act
Legal
Standards non-discrimination, equal opportunity
DIFFERENCE BETWEEN MORALITY AND ETHICS
vs. Ethics refer to goodness, rightness and fairness of such standards and conduct
exhibited by an organization or people running organizations
Morality and moral standards refer to individuals / people (irrespective of
Steps:
1. Identifying what constitutes “moral standards”
2. Examining facts and figures concerning the policy, behaviour and actions under the specific situation
3. Arriving at a moral judgment on the basis of rightness or wrongness of policy, behaviour or actions
First Level: Second Level: Third Level:
Pre-conventional Conventional Post- KOHLBERG’S
Stages (Childhood) Stages conventional
Stages THREE LEVELS
– Stage One: – Stage One:
(Principled)
– Stage One:
OF MORAL
punishment Interpersonal social contract DEVELOPMENT
and obedience Concordance orientation
orientation – Stage Two: – Stage Two:
– Stage Two: law and order universal
instrument and orientation principles
relativity orientation
orientation
THE RELATIONSHIP BETWEEN MORALITY, ETHICS,
AND ETHICAL THEORY