PPT-Group-1_Business-Ethics-Fundamentals_MBANT_SEC7_1200-300PM (2).pptx

Management Ethics & Corporate Social Responsibility

1. BA301: Management Ethics & Corporate Social Responsibility 1 Labud, Ethel Jane Ornopia , Reden Patanao , Arbegiel Sedaso , Ray Anne Group 1 MBA(NT)_SEC7_12:00-3:00PM

2. 1. How do ethical frameworks and models influence decision-making in complex business environments, and what are the potential challenges and opportunities associated with applying these concepts in practice? 2

3. Ethical frameworks and models influence decision-making in complex business environments by ensuring actions reflect core values like fairness, responsibility, and transparency. These frameworks help navigate moral dilemmas and encourage practices that promote integrity and accountability, which in turn can lead to sustainable growth and improved stakeholder relationships. Despite their importance, the practical application of these frameworks can be met with challenges such as conflicts with profit motives, the complexity of global standards, and quantifying ethical considerations. However, effectively integrating ethical considerations can significantly boost a company’s reputation, foster loyalty, drive long-term success, and present opportunities for innovation. 3

4. Challenges include navigating conflicts between different stakeholders’ ethical perspectives, the ambiguity of situations, and the costs of compliance. Opportunities arise in building a reputation, achieving sustainable growth, and enhancing employee morale through a strong ethical culture. Ethical practices require balancing interests and adapting to specific contexts, despite the challenges of complexity, cultural differences, economic pressures, and stakeholder disagreements. 4

5. 2. To what extent does personal ethical development contribute to effective leadership, and what specific self-development strategies can MBA students employ to enhance their ethical decision-making capabilities? 5

6. Personal ethical development contributes to effective leadership, fosters trust, promotes a positive organizational culture, and enhances decision-making capabilities crucial for long-term success. The acquisition of knowledge plays a pivotal role in merging personal principles with beliefs, leading to growth and confidence. Engaging in activities such as reflecting on one's values, honing thinking skills, addressing moral dilemmas, seeking mentorship, and boosting emotional intelligence are emphasized as ways to improve ethical decision-making. 6

7. Such practices, including engagement in ethical leadership initiatives and reflective exercises, aim to cultivate moral judgment skills necessary for leadership. This not only contributes to an individual's personal growth but also influences the creation of a responsible and sustainable corporate environment. Leaders are encouraged to build a strong ethical foundation to ensure that their actions align with their principles and values, which is essential for gaining the trust of employees, customers, and other stakeholders, thereby enhancing their effectiveness in leadership roles. 7

8. 3. Beyond traditional notions of right and wrong, how can MBA students identify and address emerging ethical dilemmas, such as those related to artificial intelligence, data privacy, and sustainability, and what ethical frameworks can be applied to these challenges? 8

9. Beyond traditional notions of right and wrong, MBA students like us can identify and address emerging ethical dilemmas, such as those related to artificial intelligence, data privacy, and sustainability through leveraging Utilitarianism, which aims for the greatest good for the greatest number; Deontological ethics, which focuses on duties and principles regardless of outcomes; and Virtue ethics, which emphasizes moral character. 9

10. Additionally, integrating principles of Stakeholder Theory and Corporate Social Responsibility (CSR) will help consider the impacts on all stakeholders and the long-term consequences on society and the environment. We should also stay informed on technological and societal trends, enabling us to anticipate and address potential ethical issues proactively. By applying these frameworks and continuously educating ourselves, we can navigate complex ethical landscapes effectively. 10

11. 4. How can organizations effectively communicate the value of ethical conduct to both internal and external stakeholders, and what strategies can be implemented to measure and demonstrate the tangible benefits of a strong ethical culture? 11

12. Organizations can effectively communicate the value of ethical conduct to both internal and external stakeholders by embedding ethical principles within the organization’s core values and consistently highlighting these values through multiple channels, such as internal training, corporate communications, and social media. Engaging stakeholders through transparency and using real-life examples of ethical practices strengthens resonance. 12

13. To measure and showcase the benefits of a strong ethical culture, organizations can conduct ethical audits, use employee surveys, and monitor performance indicators like a decrease in legal issues, brand reputation improvement, and increased loyalty among both customers and employees. These methods are crucial for fostering a robust ethical culture and demonstrating its importance to all stakeholders. 13

14. 5. How do ethical concepts, self-development, and ethical actions intersect to create a sustainable and responsible business model, and what role can MBA graduates play in driving positive change within organizations and society? 14

15. Ethical concepts, self-development, and ethical actions intersect to create a sustainable and responsible business model by serving as guiding principles for decision-making. The process of self-development enhances an individual's capacity to apply these principles effectively through continuous learning and skill-building. Practical application of these ideals, or ethical actions, then translates into responsible business practices that cultivate trust and ensure sustainability. 15

16. MBA graduates play a pivotal role in this dynamic by leveraging their education and leadership skills to advocate for ethical practices, champion societal and environmental sustainability efforts, and drive meaningful change within organizations and broader society. This involves setting a positive example, promoting ethical culture from within, and initiating sustainability projects that align with ethical guidelines, all of which contribute to a more ethical, responsible, and sustainable business ecosystem. 16

17. Thank you