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“To educate a person in mind and not in morals is to educate a menace to the society” -Teddy Roosevelt PowerPoint Presentation
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“To educate a person in mind and not in morals is to educate a menace to the society” -Teddy Roosevelt - PowerPoint PPT Presentation


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“To educate a person in mind and not in morals is to educate a menace to the society” -Teddy Roosevelt. BUSINESS ETHICS. Presented by: Kashaf Saleem. Ethics and the Law. Law often represents an ethical minimum Ethics often represents a standard that exceeds the legal minimum.

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“To educate a person in mind and not in morals is to educate a menace to the society”

-Teddy Roosevelt

business ethics
BUSINESS ETHICS

Presented by: KashafSaleem

ethics and the law
Ethics and the Law
  • Law often represents an ethical minimum
  • Ethics often represents a standard that exceeds the legal minimum

Frequent Overlap

Ethics

Law

four important ethical questions
Four Important Ethical Questions
  • What is?
  • What ought to be?
  • How to we get from what is to what ought to be?
  • What is our motivation for acting ethically?
why ethics is important in business
Why ethics is important in business?
  • Gain the goodwill of the community
  • Increase the lifetime of an organization
  • Produce safe and effective products
  • Provide excellent service & Maintain customers
  • Develop and maintain strong employee relations
  • Enjoy better employee morale
conflict of interest
Conflict of Interest
  • Have two interests - cannot purse one without having negative impact on other
whistle blowing
Whistle Blowing
  • Act of disclosing wrongdoing in an organization
  • Blowing a whistle to call attention to a thief
  • When is it ethical to reveal wrongdoing ?
  • When is it ethical to remain silent?
  • Consequences?
truth v s loyalty
Truth vs. Loyalty
  • Spill the truth?
  • Stay loyal to the company?
responsibilities towards stakeholders
Responsibilities towards Stakeholders
  • Shareholders – Generate profits. Pay dividends
  • Customers– Good quality products at reasonable prices. Safety, honesty, decency.
  • Employees– health and safety at work, security, fair pay
  • Suppliers– pay on time, fair rates, security
  • Local Community– provide employment, safe working environment, minimise pollution.
  • Government – abide by the law, pay taxes, abide by regulations
  • Management – their aims versus those of the organisation as a whole
  • Environment– limit pollution, congestion, environmental degradation, development, etc.
ethical approaches
Ethical Approaches
  • Utilitarian Approach - which action results in the most good and least harm?
  • Rights Based Approach - which action respects the rights of everyone involved?
  • Fairness or Justice Approach - which action treats people fairly?
  • Common Good Approach - which action contributes most to the quality of life of the people affected?
  • Virtue Approach - which action embodies the character strengths you value?
how to evaluate morality of actions
How to evaluate morality of actions?
  • Harms test : Do the benefits outweigh the harms, short term and long term?
  • Reversibility test : Would I still think this choice is good if I traded places?
  • Legality test : Would this choice violate a law or a policy of my employer?
  • Colleague test : What would professional colleagues say?
  • Wise relative test : What would my wise old aunt or uncle do?
  • Mirror test : Would I feel proud of myself when I look into the mirror afterward?
  • Publicity test : How would this choice look on the front page of a newspaper?