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Title: Business Ethics


1
PROFESSIONAL ETHICAL PRACTICE
  • Dr. ANANDA KUMAR
  • Professor
  • Department of Mgt. Studies
  • Christ College of Engg. Tech.
  • Puducherry, India.
  • Mobile 91 99443 42433
  • E-mail searchanandu_at_gmail.com

2
  • Engineering Ethics Moral issues, Ethical
    theories and their uses
  • Engineering as Experimentation Code of Ethics
  • Engineers responsibility for safety
  • Responsibilities and rights
  • Global issues of engineering ethics

3
Ethics
  • Ethics is derived from the Greek word ethos,
    referring to the philosophical science that deals
    with the rightness and wrongness of human
    actions.
  • Ethics refers to the most important values and
    beliefs of an individual and/or a society. These
    beliefs help to shape the character of the people
    in that society, teaching them what is good and
    bad.

4
Values
  • Value is that which makes actions, character,
    traits and objects of any one to be good or bad.
    Examining the moral qualities of people or
    actions and their non-moral characters inevitably
    raises the qualities of the nature or source of
    those values.

5
Integrity
  • Integrity is one of the core qualities that the
    professional practitioners should possess. It
    refers to honesty and open mindedness either with
    oneselves or others. Mostly this involves the
    discovery of truth and its communication. Very
    specifically integrity refers to the capacity to
    communicate the truth in proper manner so that it
    enables the client and others to make
    informed-decisions.

6
Work Ethics
  • Attendence
  • Character
  • Teamwork
  • Appearance
  • Attitude
  • Productivity
  • Organisational Skills
  • Communication

Cooperation Respect
7
Self Respect
  • Self respect means treating oneself with dignity.
    Self respect helps a person to act in a positive
    manner and to stand against harmful actions.
  • It is to be noted that people without self
    respect usually never mind being unethical.

8
Commitment
  • Commitment implies
  • To friends-maintaining confidentiality
  • To Customers-Rendering proper service
  • To Community-Responsibility
  • Unkept commitment leads
  • Increase in stress level
  • Unfulfilling life
  • Isolation and depression
  • Feeling of guilt
  • Business loss

9
Engineering Ethics

Engineering
Philosophy
What is better design?
10
Engineering Ethics
  • the study of moral issues and decisions
    confronting the individuals and organisations
    engaged in engineering field
  • moral ideals, character, policies and
    relationships of people and corporation involved
    in technological activity.

11
Engineering Ethics
  • the study of moral issues and decisions
    confronting the individuals and organisations
    engaged in engineering field
  • moral ideals, character, policies and
    relationships of people and corporation involved
    in technological activity.

12
Engineering Ethics
  • the study of moral issues and decisions
    confronting the individuals and organisations
    engaged in engineering field
  • moral ideals, character, policies and
    relationships of people and corporation involved
    in technological activity.

13
Ethics
  • Do the Right Thing
  • Behaving Ethically Includes
  • Being honest.
  • Keeping promises.
  • Doing your job well.
  • Not stealing.
  • Definitions
  • Ethics involves a discipline that examines good
    or bad practices within the context of a moral
    duty

14
Ethics of Accounting Information
  • Accounting ethics is primarily a field of applied
    ethics, the study of moral values and judgments
    as they apply to accountancy. It is an example of
    professional ethics.
  • Accounting ethics were first introduced by Luca
    Pacioli, and later expanded by government groups,
    professional organizations, and independent
    companies. Ethics are taught in accounting
    courses at higher education institutions as well
    as by companies training accountants and auditors.

15
Ethics of Human Resource Mgt.
  • The ethics of human resource management (HRM)
    covers those ethical issues arising around the
    employer-employee relationship, such as the
    rights and duties owed between employer and
    employee.

16
Ethics of Sales and Marketing
  • Marketing ethics is the area of applied ethics
    which deals with the moral principles behind the
    operation and regulation of marketing. Some areas
    of marketing ethics (ethics of advertising and
    promotion) overlap with media ethics.

17
Ethics of Production
  • This area of business ethics deals with the
    duties of a company to ensure that products and
    production processes do not cause harm. Some of
    the more acute dilemmas in this area arise out of
    the fact that there is usually a degree of danger
    in any product or production process and it is
    difficult to define a degree of permissibility,
    or the degree of permissibility may depend on the
    changing state of preventative technologies or
    changing social perceptions of acceptable risk.

18
Why are Ethics Important in Business?
  • Running a business ethically is good for
    business. However, "business ethics" if properly
    interpreted means the standards of conduct of
    individual business people, not necessarily the
    standards of business as a whole.

19
Why are Ethics Important in Business?
  • Running a business ethically is good for
    business. However, "business ethics" if properly
    interpreted means the standards of conduct of
    individual business people, not necessarily the
    standards of business as a whole.

20
Why are Ethics Important in Business?
  • Running a business ethically is good for
    business. However, "business ethics" if properly
    interpreted means the standards of conduct of
    individual business people, not necessarily the
    standards of business as a whole.

21
Ethical Issues in Business
  • Employee-Employer Relations
  • Employer-Employee Relations
  • Company-Customer Relations
  • Company-Shareholder Relations
  • Company-Community/Public Interest

22
Ego
  • A personality measure of the strength of a
    persons convictions

23
Ethical Leadership
  • Managers must provide a good role model by
  • Being ethical and honest at all times.
  • Telling the truth dont hide or manipulate
    information.
  • Admitting failure and not trying to cover it up.
  • Communicating shared ethical values to employees
    through symbols, stories, and slogans.
  • Rewarding employees who behave ethically and
    punish those who do not.
  • Protecting employees (whistleblowers) who bring
    to light unethical behaviors or raise ethical
    issues.

24
Ethical Leadership
  • Respect for human dignity
  • Create culture that values employees, customers,
    and suppliers.
  • Keep a safe workplace.
  • Produce safe products and services.
  • Respect for basic rights
  • Protect rights of employees, customers, and
    communities.
  • Avoid anything that threatening safety, health,
    education, and living standards.
  • Be good citizens
  • Support social institutions, including economic
    and educational systems.
  • Work with local government and institutions to
    protect environment.

25
SWOT Analysis
  • A strategic planning tool that separates
    influences on a businesss future success into
    internal and external factors

26
  • Social Responsibilities
  • Stake Holders
  • Risk reduction and risk retension
  • Moral and Immoral managers

27
Integrity
  • Integrity is the bridge between responsibility in
    private and professional life.

Individual Authority in Org
the power or right to give orders, make
decisions, and enforce obedience.
Responsibility
the state or fact of having a duty to deal with
something or of having control over someone.  A
duty or obligation to satisfactorily perform or
complete a task
28
Honest
  • used to persuade someone of the truth of
    something.
  • 1. Truthfulness 2. Trustworthiness
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