defining business ethics.pptx

Ethics

1. defining business ethics s.M Sami Hussain Shafi Ahmed Siddique

2. content 1. Concepts of business ethics 2. Levels of business ethics (Individual, societal, organization) 3. Ethical dilemma 4. Principles of business ethics

3. INTRO Business ethics is  the study of business activities, business policies, ethical principles, business situations and problems that take place in the business . It is a study where issues of right and wrong are discussed. While conducting business, traders often try to generate the highest possible returns. 3

4. Concepts of business ethics Business ethics refers to the right and wrong behavior in business decisions. It is concerned with the critical and standard examination of the principle , values , and standards that guide behavior in the sphere of business. It is like a code of ethical conduct for a business having a social moral values system. 4

5. 3 levels of b.ethic 5 Societal level Individual level Organizational level

6. Societal 6 Social Responsibility is a crucial part of business ethics. A responsible organization considers and recognizes the impact that its decisions and activities impact on society and the environment; and behaves in a manner that positively contributes to the sustainable development, health and welfare of society.

7. individual Ethics at an individual level may seem to involve only the individual but it is a holistic process. There may be high pressure from co-workers, managers, or any other constituent of business culture to be unethical. Individuals may hate such pressures, and tend to work avoiding the dilemmas. 7

8. organization Organization ethics are the policies, procedures and culture of doing right things in the face of difficult and often controversial situation. Organization ethics are set of principles that determine what is right and wrong in the work place. 8

9. Ethical dilemma What Is An Ethical Dilemma? An ethical dilemma in the workplace is defined as a decision-making situation where employees or stakeholders are provided with various options that may violate industry or organizational moral and ethical standards. 9

10. Principles of b.ethics 10 The 6 most important principles of Business Ethics are as follow: Leadership Accountability Integrity Respect of Laws Responsibility Environmental Concern

11. SUMMARY There are several reasons business ethics are essential for success in modern business. Most importantly, defined ethics programs establish a code of conduct that drives employee behavior—from executives to middle management to the newest and youngest employees. When all employees make ethical decisions, the company establishes a reputation for ethical behavior. Its reputation grows, and it begins to experience the benefits a moral establishment reaps 11

12. THANK YOU 12