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MBA Business Ethics

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105 views14 pages

MBA Business Ethics

Uploaded by

Ananthy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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www.studymafia.

org
Seminar
On
Business Ethics

Submitted To: Submitted By:


www.studymafia.org www.studymafia.org
Content
• Introduction
• What is Business Ethics?
• Why is it important?
• History
• Principles for Positive Business Ethics
• Common Types of Ethical Issues Within Organizations
• Factors highlighting the importance of business ethics
• Approaches
• Characteristics of Business Ethics
• Conclusion
• Reference
Introduction

• Business ethics (also corporate ethics) is a form of applied


ethics or professional ethics that examines ethical
principles and moral or ethical problems that arise in a
business environment.
• It applies to all aspects of business conduct and is relevant
to the conduct of individuals and entire organizations.
What is business ethics?

If ethics deals with the choices (the morality of right vs wrong) that individuals
make in their personal and professional lives, then…..

Organizational business ethics is the application of these morality related choices


as influenced and guided by values, standards, rules, principles, and strategies
associated with organizational activities and business situations.
Why is it important?

• Ethics influence and contribute to:


Employee commitment.
Investor and customer loyalty and confidence.
Legal problems and penalties.
Customer satisfaction.
The ability to build relationships with stakeholders.
Cost control.
Performance, revenue, and profits.
Reputation and image.
History

• Business ethical norms reflect the norms of each historical


period.
• As time passes norms evolve, causing accepted behaviors
to become objectionable.
• Business ethics and the resulting behavior evolved as
well.
• Business was involved in slavery, colonialism, and the
cold war.
Principles for Positive Business Ethics

• Business Ethics are built on Personal Ethics


• Business Ethics are based on Fairness
• Business Ethics require Integrity
• Business Ethics require Truth-telling
• Business Ethics require Dependability
• Business Ethics require a Business Plan
• Business Ethics apply Internally and Externally
• Business Ethics require a Profit
• Business Ethics are values-based
• Business Ethics come from the Boss
Common Types of Ethical Issues within
Organizations

• Health and Safety


• Technology
• Transparency
• Fair Working Conditions
Factors highlighting the importance of business ethics

• Long-term growth
• Cost and risk reduction
• Anti-capitalist sentiment
• Limited resources
Approaches
• Empirical Approach
• Intuitive Approach
• Rational Approach
• Revelation Approach
Characteristics of Business Ethics

• A Discipline
• Ancient Concept
• Personal Dignity
• Related to Human Aspect
• Study of Goals and Means
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 foundation…then the building won't crumble.” It
is essential not to let greed cloud judgment.
• The colossal missteps taken by Enron and Arthur
Andersen shall serve as a lesson for those that consider
straying from the path of morality.
References

• www.google.com
• www.wikipedia.com
• www.studymafia.org
Thanks

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