ETHICS IN

BUSINESS
Prof. Purnima Venkat
DEONTOLOGY – ARE
WE DOING THE RIGHT
UTILITARIANISM -
CBA
RIGHTS BASED – ARE
THERE ANY HR AT THEORIES
OF
THING? STAKE?

BUSINESS
ETHICS
FAIRNESS AND CHARACTER &
JUSTICE – IS EACH VIRTUE – ARE WE
STAKEHOLDER, BEHAVING LIKE A
TREATED WITH VIRTUOUS UNIT?
JUSTICE?
ARE WE DOING THE
RIGHT THING?
CBA – UTILITARIANISM – THE
COST OF OUR DECISIONS
ARE THERE ANY HUMAN
RIGHTS AT STAKE?
FAIRNESS AND JUSTICE – IS
EACH STAKEHOLDER,
TREATED WITH JUSTICE?
CHARACTER & VIRTUE – ARE
WE BEHAVING LIKE A
VIRTUOUS UNIT?
Awareness

Ability to reason

Motivation

Persistence

PROCESS OF ETHICAL
DECISION MAKING
UNITS OF BUSINESS ETHICS’
DECISION MAKING
Governments Organisation Individual
• Incorporate • Companies • Employee
• Regulate • Corporation • Manager
• Customers s • Executive
• Other Orgs • Entrepreneu
r
• Customer
 ORGANIZATIO
INDIVIDUAL – NAL –
One’s own set of
morals and
Guidelines, rules,
statement of SOURCES
beliefs conduct of the
org. FOR
ETHICAL
SOCIAL STANDAR
PROFESSIONAL
STANDARDS –
STANDARDS –
Group DS(FRIENDS/SWEAT
SHOPS)
Sector standards expectations,
and code of ethics community
standards
 MANAGERIAL MODEL –
SHAREHOLDER VIEW
Media Governmen
Shareholder t

Corporate
Customer
Board
s
Community
Management Employees
STAKEHOLDER MODEL
FRAMEWORK FOR ETHICAL
DECISION MAKING

FACTS ISSUES ALTERNATIV STAKEHOLDE IMPACT

ES RS

GUIDANCE ACTION MONITOR