1. The Business Organization…………………….…………………….

…………………………………………

2. Ethics and Business…………………….…………………….………………………………………………….

3. The Ethical Corporate Culture…………………….…………………….………………………………….

4. Foundations of the Principles of Business Ethics…………………….…………………….…………

Business Organization
Ethics and Business
The Ethical Corporate Culture
In this module, you will be able to share observations on business policies and practices,
distinguish between good policies/ practices and morally unacceptable policies/ practices
When you join an organization, whether it is a school club, a hobby groups, a social media
groups, a church organization, your class section, or even just a group or friends hanging out
together, you will notice that in the group, there are certain accepted behavior and written
rules that need to be followed. If you fail to follow them, you will either be frowned upon or be
kicked out of the group (Noyce, Robert).
A certain cultures exists in every organization. As a person who wants t fit in, you try to follow
the norm in the group-the way the members act, dress up, behave, speak, and other actions
that may affect your decisions.
Organizational or Corporate Culture is the system of shared actions, values, and benefits that
develops within an organization and guides the behavior of its members (Schermerhon,
Osborn, Uhl-Bien, Hunt 2012)
Organizational ethics refers to the responsibility of an organization to conduct its business in an
honest, respectable, and appropriate manner. An organization's ethical climate is important
because it can improve employee morale, enrich organizational commitment, and foster an
involved and retained workforce.
Corporate culture refers to the beliefs and behaviors that determine how a company's
employees and management interact and handle outside business transactions. Often,
corporate culture is implied, not expressly defined, and develops organically over time from the
cumulative traits of the people the company hires. Corporate culture should convey how the
business sets expectations and rewards desired behaviors. Corporate culture can have a direct
impact on hiring, employee retention, collaboration, policy compliance and communication, as
well as the effectiveness of change management. If you ask the employees and managers of
most companies, the most common answer is “the folks in HR.” And that's not a very good
answer. The truth is that top leadership, including the CEO, has to take responsibility if the
culture is to be strong.
Functional of Corporate
A company’s culture guides the thinking, behavior, and decisions of its members according to
the company’s beliefs and values. According to Edgar H. Schein, author of Organizational
Culture and Leadership (2010), the two main reasons why culture develops in organizations is
because of external adaptation and internal integration.
External Adaptation, requires the organization culture to determine how the company will
reach goals, accomplish its tasks, identify methods to achieves its goals, and place measures to
cope with success or failure.
International Integration, starts with the establishment of an identity that is unique to business
organization.
Observable Culture refers to the way things are done in an organization, this can be observed in
daily activities or in specifics instance which include unique stories according to the company’s
history, ceremonies and conquering rituals.
Share Values refers to common values that are meant to put together and motivate the
members of organization.
Common Cultural Assumptions include the taken-for-granted truths that the member share as a
result of a collective experience with the organization.
Setting a Corporate Code of Conduct is a list of guidelines and protocols based on the
organization’s values.
Ethical Issue an organization may be confronted with ethical issue, an identifiable problem,
situations, or opportunity that requires a person to make an action or decisions based on
several options-whether right or wrong, ethical or unethical. It usually concerns financial
matters in a business setting.

Foundations of the Principles of Business Ethics

In this module, you will be able to compare and contrast philosophies as they relate to the
business setting, give an example of how belief system affects business practices, analyze
simple business situations as they are affected by the Filipino value system and recommend
ways of confronting ethical challenges in the business settings and distinguish what is good
versus what is morally unacceptable among the given Filipino values.
Foundations of Ethics is a collection of seminal articles in met ethics. Organized into two parts,
the first section investigates issues in the ontology of morality, such as whether there are
objective moral standards.
Philosophical Ethics
Facing an ethical dilemma is oftentimes an uncomfortable situation. In worse cases, it may
compromise your credibility and dignity. It can make you lose face of lose your job.
Utilitarianism is also called the Consequentialist approach to ethics and social policy-that each
one should act in ways that produce better consequence or results, regardless of the means
taken to reach those results.
Ethics of Principles and Right
Considering the greatest good in decisions-making is definitely an ethical way of arriving at a
decision, but it is also important to consider principles and not just consequence.
Virtue Ethics cab be describing as the character traits that would constitute a good and
meaningful life. Being happy, friendly, joyful, and calm, preserving integrity and dignity having
good relationships and possessing modest things are few of the characteristics of having a
meaningful life.
Impact of Different Belief Systems on Business Ethics
Human beings have different personalities, different goals, different values and thus, have
different belief system. The Buddhism, Islam and Christianity.
Filipino Time is synonymous to being late. This trait is used as an excuse for being tardy in
meetings, events and other social affairs, whether formal or informal. It reflects
unprofessionalism and lack of respect for other people’s business organization.
Padrino System or Patronage happens when one gains favor, promotions, or political positions
through family affiliations or friendship, as opposed to earning it due to one’s own skills and
abilities.
Utang na loob or indebtedness in gratitude is the concepts of “paying” back a person in
nonmonetary terms.
Pakikisama is a Filipino trait that describes how Filipinos take care of their interpersonal
relationship by agreeing to what the majority wants or by getting along with others.
Bahala Na/ Manana Habit is leaving everything to chance, while manana (mamaya na) habit is
delaying to do things instead of doing things now.
Filipino Hospitality are known as worldwide for their excellent hospitality =, known as Filipino
hospitality. These traits work best in the hospitality and tourism industries such as hotels,
resorts, airlines, travel agencies, and the like.