BUSINESS ETHICS mba topics second semester.pptx

Mba business ethics

1. BUSINESS ETHICS ETHICAL BUSINESS ISSUES AND SOLUTIONS KESAVAPRIYA R 310123631024 MBA-I AIHT

2. BUSINESS ETHICS Business ethics involve principles and standards that guide behavior in the world of business. The importance of ethics in business ensures trust and long-term success. Ethical business practices lead to positive reputations and sustainable growth. Business ethics are crucial for maintaining trust and integrity in the business world. Ethical practices help build strong relationships with customers, employees, and stakeholders.

3. ETHICAL ISSUES Ethical issues are defined as situations that occur as a result of a moral conflict that must be addressed. Thus, ethical issues tend to interfere with a society's principles. LIST OF ETHICAL ISSUES Conflicts of Interest Insider Trading Discrimination and Harassment Fraud and Corruption Environmental Impact

4. Conflict of Interest A conflict of interest arises when a person chooses personal gain over duties to their employer, or to an organization in which they are a stakeholder, or exploits their position for personal gain in some way. Example: an executive in a company invests in a competing business. This can lead to decisions that benefit the executive personally but harm the company.

5. Insider Trading Insider trading is when non-published information from a company is used to make a trading decision by someone with an invested interest in that company.  Example: rajat gupta, a former director of goldman sachs, was convicted of insider trading. damaged the reputation of the company and resulted in legal consequences.

6. Discrimination and Harassment Unfair treatment or harassment based on race, gender, or other protected characteristics. Example: Uber faced widespread allegations of a toxic work culture and harassment. Impact: Led to executive resignations and damaged company reputation.

7. Fraud and Corruption Fraud is a deceptive act by one person, group, or organization that causes another to part with something of value or to surrender a legal right. Fraud includes occupational fraud (employee misuse of company resources), accounting fraud and marketing fraud. Corruption  is the abuse of power or position for personal gain . There are many forms of corruption, including bribery, embezzlement, and extortion. Example: the satyam computer services scandal involved falsifying accounts to inflate revenue.

8. Environmental Impact It refers to the effects of business operations, practices, and products on the environment, including the consumption of resources, emission of pollutants, and contribution to climate change.  Example: the bp oil spill in the gulf of mexico caused severe environmental damage. Impact: led to significant clean-up costs and legal penalties.

9. Solutions to Ethical Issues Key Strategies Ethical policies: develop and enforce comprehensive ethical guidelines. Training and education: regularly train employees on ethical standards and practices. Whistleblower protections: encourage reporting of unethical behavior with protections for whistleblowers. Transparency: ensure transparent reporting and accountability in business operations.

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