General management

SIES College of Management Studies

CORPORATE

ETHICS

Evolution of ethics

Obligation Social responsiveness Social responsibility

theories of ethics

Utilitarian theory(evaluation of plans & action) Theory based on rights Theory of justice

Arguments in favor

Public expectations Long run profits Ethical obligations Public image Better environment Stockholders interest Prevention over cure

Arguments against

Profit maximization Dilution of purpose Costs Lack of skills Lack of accountability

Stages of moral development

Preconvention level Conventional level Principled level

Individual characteristics

Values Ego strength locus of control

Structural variables

Performance appraisal system Pay structure Employee motivation

Issue intensity

Consensus of wrong Greatness of harm Proximity to victim Immediacy of consequences Probability of harm

Encouraging ethical behavior.

Employee selection Code of conduct Job goals Ethics training Protection of whistle blowers

Encouraging ethical behavior.

Employee selection Code of conduct Job goals Ethics training Protection of whistle blowers

7 question approach.

Has the problem been defined accurately The other side of the fence How did the situation happen at first place Intention in making the decision Whom could the decision injure Discussion with the affected party What is the symbolic potential of the action if understood or misunderstood..

Contributing one day salary for a cause..