IPER-PGDM

Assignment On Ethics & value

To : J Almeda

Salil shrivastava (23)

Define Integrity

“Integrity is putting your values into action. Robin Siemens”

When someone is said to be a person of integrity, this generally means that he/she is considered to have a
strong moral character. Integrity is thought by many to be one of the most important virtues a person can
possess.

As an ethical concept, integrity depends upon consistency. To have integrity, a

person must base his/her actions upon a well-thought out framework of moral principles. What he/she does
should be the same as what he/she says. For example, a person who speaks about the need to improve
the educational system in the United States would have integrity if he/she volunteered to tutor local
schoolchildren, voted for a proposal to give raises to high performing teachers, or gave money to charities
that provided scholarships for deserving students.

Dignity

Dignity is a term used in moral, ethical, and political discussions to signify that a being has an innate right to
respect and ethical treatment. It is an extension of Enlightenment-era beliefs that individuals have inherent,
inviolable rights, and thus is closely related to concepts like virtue, respect, self-respect, autonomy, human
rights, and enlightened reason. Dignity is generally proscriptive and cautionary: in politics it is usually
synonymous to 'human dignity', and is used to critique the treatment of oppressed and vulnerable groups
and peoples, though in some case has been extended to apply to cultures and sub-cultures, religious
beliefs and ideals, animals used for food or research, and even plants. In more colloquial settings it is used
to suggest that someone is not receiving a proper degree of respect, or even that they are failing to treat
themselves with proper self-respect.

Courage of conviction

There are times in life when you feel so strongly about a particular matter that you have to be prepared to
stand alone with your beliefs and to take action towards them even if nobody else wants to support you. For
example, this might be in a political context, it may concern family relationships or it may be an artistic
vision. Whatever the circumstance, you will need courage, determination and strength of character to
defend your viewpoint and not be beaten into submission by other people’s opinions.

Honest of Purpose

'Truth' is an abstraction. Things can be more or less true, but you can never arrive at 'perfect' truth. This
doesn't mean you shouldn't try. Just because you can't wipe out crime, it doesn't mean you should make it
legal.

Honesty is not -truth-, it is only an attempt to get as close to it as practical, to be truthful and faithful to the
person you're talking to, and not to deliberately deceive. If you always dealt in good faith, told the truth as
you saw it, you might occasionally be mistaken, but you'd do a much better job than someone who didn't
think honesty was important.

What is the value nearest to your heart?

Courage of conviction is the value nearest to my heart because there are times in life when you feel so
strongly about a particular matter that you have to be prepared to stand alone with your beliefs and to take
action towards them even if nobody else wants to support you. For example, this might be in a political
context, it may concern family relationships or it may be an artistic vision. Whatever the circumstance, you
will need courage, determination and strength of character to defend your viewpoint and not be beaten into
submission by other people’s opinions.

Define ethics as value, as value?

Ethics as value

Ethic value denotes something's degree of importance, with the aim of determining what action or life is
best to do or live, or at least attempt to describe the value of different actions. It may be described as
treating actions themselves as abstract objects, putting value to them. It deals with right conduct and good
life, in the sense that a highly, or at least relatively highly, valuable action may be regarded as ethically
"good" (adjective sense), and an action of low, or at least relatively low, value may be regarded as "bad".

Ethics as principle

The principles have been organized into three categories for ease of use: personal, professional and global
ethics.

Principles of Personal Ethics

Personal ethics might also be called morality, since they reflect general expectations of any person in any
society, acting in any capacity. These are the principles we try to instill in our children, and expect of one
another without needing to articulate the expectation or formalize it in any way.

Principles of Professional Ethics

Individuals acting in a professional capacity take on an additional burden of ethical responsibility. For
example, professional associations have codes of ethics that prescribe required behavior within the context
of a professional practice such as medicine, law, accounting, or engineering. These written codes provide
rules of conduct and standards of behavior based on the principles of Professional Ethics, which include:

Principles of Global Ethics

Global ethics are the most controversial of the three categories, and the least understood. Open to wide
interpretation as to how or whether they should be applied, these principles can sometimes generate
emotional response and heated debate.
Each of us influences the world by simply existing; and it is always wise to ‘think globally’. An added
measure of accountability is placed on globally influential enterprises such as governments and
transnational corporations. (Responsibility comes with power whether we accept it or not.) One of the
burdens of leadership is to influence society and world affairs in a positive way. Can a person, nation or
company truly be ‘successful’ while causing human suffering or irreparable environmental damage? A more
modern and complete model of success also considers impact on humanity and the earth’s ecology.

 Define ethical value in business?

Business ethics (also known as 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 business organizations as
a whole. Applied ethics is a field of ethics that deals with ethical questions in many fields such as medical,
technical, legal and business ethics.

Business ethics can be both a normative and a descriptive discipline. As a corporate practice and a career
specialization, the field is primarily normative. In academia descriptive approaches are also taken.

Applying ethics in business makes good sense. A business that behaves ethically induces other business
associates to behave ethically as well. If a company (or a manager) exercises particular care in meeting all
responsibilities to employees, customers and suppliers it usually is awarded with a high degree of loyalty,
honesty, quality and productivity. For examples, employees who are treated ethically will more likely
behave ethically themselves in dealing with customers and business associates. A supplier who refuses to
exploit its advantage during a seller's market retains the loyalty and continued business of its customers
when conditions change to those of a buyer's market. A company that refuses to discriminate against older
or handicapped employees often discovers that they are fiercely loyal, hardworking and productive.

It is my firm belief that a “good man or woman” who steadfastly tries to be ethical (i.e. to do the “right thing",
to make appropriate ethical decisions, etc.) somehow always overtakes his immoral or amoral counterpart
in the long run. A plausible explanation of this view on ethical behavior is that when individuals operate with
a sense of confidence regarding the ethical soundness of their position, their mind and energies are freed
for maximum productivity and creativity. On the other hand, when practicing unethical behavior, the
individual finds it necessary to engage in exhausting subterfuge, resulting in diminished effectiveness and
reduced success.The best way to promote ethical behavior is by setting a good personal example.
Teaching an employee ethics is not always effective. One can explain and define ethics to an adult, but
understanding ethics does not necessarily result in behaving ethically. Personal values and ethical behavior
is taught at an early age by parents and educators.
People at the top of an organization are expected to share the burden of cost reductions and belt-tightening
during difficult times. Senior executives of companies who freeze their salaries or take a personal pay cut in
a problematic year rather than lay off employees to cut costs deserve our utmost respect. However, this
does not mean that a company should lose flexibility in adjusting its cost structure during bad economical
times, replace old factories by new ones, or change technology in ways that would require fewer people to
do the work. Decisions like that should be made with empathy and support (financially) to those who will be
affected by it.