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ethics.

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ethics.ppt (bus1301)

Ethics

involves a discipline that examines good or bad practices within the context of a moral duty conduct is behavior that is right or wrong

Moral

Business

ethics include practices and behaviors that are good or bad


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Employee-Employer

Relations Employer-Employee Relations Company-Customer Relations Company-Shareholder Relations Company-Community/Public Interest

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Developed

by moral philosophers over generations to distinguish ethical from unethical behavior


has problems

Used

Each

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There

is no universal standard by which morality can be judged is correct for one society may be wrong for another
and morality are relative

What

Ethics

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One

ought to act in his or her own self interest Ethical behavior is that which promotes ones own self interest Does not mean should not obey laws only do so if in self interest

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The

morality of an action can be determined by its consequences action is ethical if it promotes the greatest good for the greatest number

An

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Derived

from the Greek word for Duty

Actions

are not justified by their consequences. Factors other than good outcomes determine the rightness of actions

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Descriptive

ethics involves describing, characterizing and studying morality


What is

Normative

ethics involves supplying and justifying moral systems


What should be

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Fellow Workers

Regions of Country

Family

Profession

The Individual
Conscience Friends Employer

The Law

Religious Beliefs

Society

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Law

often represents an ethical minimum Ethics often represents a standard that exceeds the legal minimum
Frequent Overlap

Law

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Ethics Today vs. The Past


Societys Expectations

Ethical Problem Actual Business Ethics

Ethical Problem

1950s

Time

Early 2000s

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Ethical Quadrant II Ethical and Illegal Quadrant I Ethical and Legal

Illegal

Corporate Decisions

Legal

Quadrant IV Unethical and Illegal Unethical

Quadrant III Unethical and Legal

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Ethics responds to the best in company


Values create credibility for company with the public

Values give management credibility with its employees


Values help better decision making

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6-23
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SANTOKH SINGH

REKHA.T

ethics.ppt (bus1301)

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