Ethics

By Click to edit Master subtitle style Prof RAVI KANT

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ETHICS

Ethics:- Ethics refers to the study of good and evil, right and wrong, and just and unjust actions of business people. Business ethics is the same as the generally accepted norms of good or bad practices. If dishonesty is immoral in society, than any business person practicing a dishonest act is treated as indulging 6/1/12

Sources of Business Ethics:

Religion :- Great religion preach the necessity for an orderly social system. Culture:- determines what is ethical and what is not. Cultural norms play important role in determining values. Law:- Obeying law is presumed to be ethical behavior.

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Myths about Ethics:

Ethics is Personal and confined to Self Business and Ethics do not Jell Ethics in Business is Relative Good business means Good Ethics
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Importance of Ethics:

Ethics correspond to basic human needs. Values create credibility with the public. Values give the management credibility with its employees. Values help better decision making. Ethics and Profit go together

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Laws cannot protect the society, ethics can. HR Ethical issues

Employment Remuneration and Benefits Labor relations Safety and Health 6/1/12

Certain other Issues:Privacy issues AIDS testing, Whistle blowing, Drug testing etc. Managing Ethics:-

Top Management:- The C.E.O should take the initiative in ensuring ethical standards in his/ her organization.
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Top management must avoid adopting business strategies, schedules and reward systems that place unreasonable pressure on employees. Code of Ethics:- 95% of Fortune 500 companies follows the code. Ethics Committees:- Board of Directors, headed by C.E.O.
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Ethics Hot Line Whistle Blowing Ethics Training Programme How far does the Right to Information Act help promote ethical conduct in government departments and business firms.
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THANKS

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