Learning Diary

Session Number Date

1 22-Jun

2 29-Jun

3 6-Jul

4 13-Jul

5 20-Jul
6 27-Jul

7 3-Aug

8 6-Aug
Ethical Issues in Management : 2019-2020

Topic of the Session

Introduction to ethics-
What is ethics? Ethics and Morals ; Ethics and values

The Changing Business Environment: Making the Case for

Business Ethics

The market system, Breaches and Fraud, Roles,

Relationships , and Firms.

Philosophical and psychological accounts and framework for reasoning in

decision making

Ethical theories
Utilitarianism, Kantian Ethics , Virtue Ethics
Ethical Decision Making Contexts: Personal & Professional. .A decision making
process for ethics

Ethical Decision Making Contexts: concept of utilitarianism, Kantian Ethics,

Virtue Ethics, rights and justice

Ethical Panel discussion

Learning Diary Components
Knowledge

1. How essential it is for business ethics to guide executives in the event of ethical dilemmas.
2.How choices affect 3 distinct levels of individuals, organizations, society
3. Understanding moral dilemmas and how to satisfy self and community interests.
4. Ethics flaws are equivalent to company failures
5.Create value for stakeholders by doing stuff right for company and making choices accountabl

"1. Ethical management and ethics management 
2.Dilemmas encountered by top management 
3.Managers as financial actors, company leaders and community leaders. 
4.How roles seem to conflict with normal morality commitments. 
5.Ethics for businessmen who take risks to boost company capacity should consider society as a
e.

"1.Market system understanding and its primary characteristics 
2.Market system failures, negative and positive externalities 
3.Market ethical dilemmas

1.The ethical decision-making factors relevant.

2. Willingness to be impartial and to seek out.
3.Express objectives
4.Evite inferences and be frank in the 6 phases of moral development of Kohleberg

Understanding ethical decision-making methods

Learnt about ethics principles
for business such as dignity, transparency and also what is morale.Also understanding the impacts of such ethical principa

The article on Ethical Breakdown was done

which helped us undwestand situations wherein
being ethical could bring extreme difficulty
and how people should try to tackle it

The panel discussion conducted helped us understnd the various facets of ethics.
It also helped us understand what is legal and ethical and why is it necessary to be ethical
Attitude

To be ethical is to be brave and to appreciate t
he people who helped us in times of distress

"Profits are not the primary motivation and sh
ould not be at the cost of the organization. Ma
intain strikes a balance between individual obj
ective and engagement. Short-
term success should not substitute long-
term success.

There's a need for a balanced view between so
cialism and capitalism, beyond profit

Moral stability as a potential marketing

manager.

How different perspective need to be taken

into account while making decisions in
complex situation.
It is important to make sure that any decision
taken is carefully though through and has
reasonable explanation.
There should be thinking behind every decision whether
we are comfortable with it or not.
There also should be willingness to
respecting others.

This helped me understand that profit-making

is the sole motive of a company. Instead,
making profit by being ethical should be the aim of any
organisation

The session helped me undwrstand the fact that there

might be cases where there is no right or wrong answer to
a situation or question, those are simply different
perspectives of different people as they view the situation
Skill and Habit

Once you have adequate information and have no

vertical damage, make choices. The choices should
be consistent with the norms of society

Comply with the policies of the agreement and the c
ompany.
One should be truthful about their behavior and any
 choice should be made with the distinct levels of or
ganization in mind.

There is a need for a comprehensive perspective of t
he market and the effects on the rates

Remaining firm on choices that are ethically right.

Making decisions in complex scenarios by analyzing

the consequences and striking balance between
pleasure and pain.
Understood that we should look at every decision
not only our point of view but also how others would
perceive and understand. Also before making any decision,
its impact on others should be considered. Conducting a self
analysis before making any decision
as to how much comfortable I am with the decision
any how do I want others to feel about it.

To decide what should or should not be done in any given situaion

and also the basis on which such decision should be made. To
make sure that the messages conveyed to people are conveyed in
the right amnner and people understand it the way we eant them
to understand. To analyse any situation based on the ethical
aspects
and make decision only after understanding complete scenario
and reachong a consensus by discussing it with others

To be able to decide whether in case of an ethical dillemma,

which party is right and whether there is any correct answer to the
situation. Respecting others decision is an important part of ethics
and morale