BUSINESS ETHICS

BYAnuj Batra Dipanshoo Rahul Arora Vinay Sharma Watan Singh

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Overview of Case
The Dark Side of Chocolate
(Slavery in Chocolate Industry)

BUSINESS ETHICS
Ethics involves a discipline that examines good or bad practices within the context of a moral duty Moral conduct is behavior that is right or wrong Business ethics include practices and behaviors that are good or bad

Two Key Branches of Ethics

Descriptive ethics involves describing, characterizing and studying morality Normative ethics involves supplying and justifying moral systems Conventional approach to business ethics involves a comparison of a decision or practice to prevailing societal norms
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CORPORATE ETHICS
Isn't About Rules; It's About Honesty Based on principle of integrity and fairness Creates transparency in the business environment

Comply with government laws and norms least we can do is to be honest about what we do each day

SYSTEMIC ETHICS
Systemic issues deal with economic, political, legal, and other related systems within which production and distribution activities are carried out In Ivory coast, the law against child labour was rarely enforced Enforcement officers used to take bribes

Farmers continued the process for their economic growth memorandum of cooperation was not followed CSR activities of Cadbury and Nestle contradict their processes

INDIVIDUAL ETHICS
Personal standards and values Determine how people view their responsibilities to work and other people Individual ethics are different for each person How should they act in situations when their own self interests are at stake.
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Case Study Questions

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