1 / 11

Business Ethics and Social Responsibility

Business Ethics and Social Responsibility. Business Ethics . A collection of principles and rules that define right and wrong conduct for an organization. Code of Ethics/Code of Conduct. A set of rules outlining the responsibilities or proper practice for an individual or organization.

emil
Download Presentation

Business Ethics and Social Responsibility

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Business Ethics and Social Responsibility

  2. Business Ethics A collection of principles and rules that define right and wrong conduct for an organization.

  3. Code of Ethics/Code of Conduct • A set of rules outlining the responsibilities or proper practice for an individual or organization

  4. Ethical Dilemma • A situation arises when all alternative choices or behaviors have potentially negative consequences making it difficult to make a decision.

  5. Methods for Resolution Analyze the consequences • Utilitarian Approach-the ethical concept that moral behaviors produce the greatest good for the greatest number. • This approach looks at the consequences and decides if the benefit is better than the harm. • Example Pharmaceuticals the benefits to more people outweigh the risk to few

  6. Methods for ResolutionAnalyze the consequences • Individualism approach-contends that the act is moral if it promotes the individuals best long term interests • Promotes that if all individuals act in the best long term interest in themselves that people will ultimately treat people the way they want to be treated • Often misinterpreted to behavior that promotes immediate self gain

  7. Methods for ResolutionAnalyze the actions Moral Rights Approach 6 Rights should be considered Asserts that human beings have fundamental rights and liberties’ that cannot be taken away by any individuals decision • Free consent • Privacy • Freedom of conscience • Free speech • Due process • Life and safety

  8. Methods for ResolutionAnalyze the actions Justice Approach- 3 Standards • Holds that moral decisions must be based on standards of equity, fairness and impartiality • Distributive Justice- treat the same men/women shouldn’t get different salaries for same job • Procedural Justice-rules be administered fairly and consistently • Compensatory Justice-people should be compensated for injuries. And not responsible for things they don’t control

  9. Whistle Blowing • occurs when an insider reports alleged organizational misconduct to the public

  10. Social Responsibility • is managements obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization.

More Related