5 myths of business ethics.pptx

business myths

1. FIVE MYTHS ABOUT BUSINESS ETHICS Thea Corrine N. Ledesma Jess Nahum Importante

2. BASIC PRINCIPLES Applied Ethics Application of our understanding of what is good and right. Specialized study of moral right and wrong.

3. FIVE MYTHS ABOUT BUSINESS ETHICS - Not everyone agrees that ethics is a relevant or necessary subject for business education or dealings. Some argued that “business ethics” is an oxymoron , or a condtradiction in terms.-

4. FIVE MYTHS ABOUT BUSINESS ETHICS MYTH 1: “ Ethics is a personal, individual affair, not a public or debatable matter”

5. MYTH 1: “ Ethics is a personal, individual affair, not a public or debatable matter” Based on personal or religious beliefs and that one decides what is right and wrong in the privacy of one’s own conscience

6. FIVE MYTHS ABOUT BUSINESS ETHICS MYTH 2: ” Business and Ethics do not mix”

7. MYTH 2:” Business and Ethics do not mix” This popular myth holds that business practices basically amoral (not necessarily immoral), since businesses operate in a free market. This myth also asserts that management is based on scientific, rather than religious or ethical, principles.

8. FIVE MYTHS ABOUT BUSINESS ETHICS MYTH 3: “ Ethics in Business is Relative”

9. MYTH 3: “ Ethics in Business is Relative” One of the most popular myths. It holds no right or wrong way of believing or acting exists. Right and wrong are in the eyes of the beholder.

10. FIVE MYTHS ABOUT BUSINESS ETHICS MYTH 4: “ Good business means good ethics”

11. MYTH 4: “ Good business means good ethics” Ethics is not something added to business operation; it is integral, necessary, and central to managing successfully,

12. FIVE MYTHS ABOUT BUSINESS ETHICS MYTH5: “Information and Computing are Amoral”

13. MYTH5: “Information and Computing are Amoral” To beware of the dark side; the misuse and abuse of information and computing. Ethical implications are present but veiled.