SOCIAL ETHICS AND BUSINESS ETHICS

SOCIAL ETHICS AND BUSINESS ETHICS
By: Psyche D. Fadrigo
SOCIAL ETHICS = the systematic reflection on the moral dimensions of social structures, systems, issues, and
communities. Social ethics can be thought of as a branch of 'applied ethics,' the application of ethical reasoning to
social problems.
Social Ethics Touches All Interests

To plan a life means to track the consequences of one's ordinary desires, economic, sexual, social; the desires for
power and responsibility, for case and pleasure, for self-expression, for security, for adventure, for popularity.
Why is it important to study social ethics?

1. Studying ethics can help you appreciate ethical problems.
2. Behaving ethically may help the long-term success of a business.
3. Behaving ethically is often correlated with behaving legally.
Social ethics is the systematic reflection on the moral dimensions of social structures, systems, issues, and
communities. Social ethics can be thought of as a branch of 'applied ethics,' the application of ethical reasoning to
social problems.
Applied Ethics = also called practical ethics, is the application of ethics to real-world problems. Practical ethics
attempts to answer the question of how people should act in specific situations.
A typical list of the kinds of issues addressed under the rubric of social ethics includes:
1. DISTRIBUTION OF ECONOMIC GOODS
2. RESEARCH ON HUMAN SUBJECTS
3. ANIMAL RIGHTS
4. DISCRIMINATION AND AFFIRMATIVE ACTION
5. ABORTION
6. PORNOGRAPHY
7. CRIME AND PUNISHMENT
8. WAR AND PEACE
SOCIAL ETHICS OF BEHAVIOR

It seeks to understand how people actually behave when confronted with ethical dilemmas. It refers to behavior that is
judged according to generally accepted norms of behavior.
WHAT ARE THE ETHICS OF THE SOCIETY?

The ethics of a society is embedded in the ideas and beliefs about what is right or wrong, what is a good or bad
character; it is also entrenched in the conceptions of satisfactory social relations and attitudes held by the members of
the society.
BUSINESS ETHICS = is a form of applied ethics or professional ethics, that examines ethical principles and moral
or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is
relevant to the conduct of individuals and entire organizations.
What Does Business Ethics Means?

1. Comprises principles and standards that guide behavior in the world of Business.
2. Acceptable or Unacceptable Behavior within or outside the organization.
3. Is determined by key holders.
4. What is right and wrong, good and bad, harmful or beneficial regarding decisions and actions in and around
organizational activities.
Two Key Branches of Business Ethics

1. Descriptive Ethics = also known as comparative ethics, is the study of people's beliefs about morality.
2. Normative Ethics = the study of principles, rules or theories that guide our actions and judgment.
12 Principles of Business Ethics

1. Honesty = Honesty requires a commitment to telling the truth, regardless of the consequences.
2. Integrity = Being ethical in business means maintaining a high level of personal integrity. This is how you earn the
trust of others.
3. Keeping Promises = Your word is one of the most important tools in your arsenal as a business manager.
4. Loyalty = No ethical behavior can be promoted without trust. And for trust, loyalty needs to be demonstrated.
5. Fairness = Biases and personal beliefs are to be avoided in business decision-making processes.
6. Caring = This involves having a genuine concern for others, as well as a sense of compassion.
7. Respect = Treating others with respect is a core principle in business ethics.
8. Law Abiding = Strict adherence to legal standards is foundational. Compliance with data protection laws is an
example of this in action.
9. Fulfilling Commitments = Businesses are also to stay faithful to agreements with employees.
10. Leadership = Demonstrated by a conscious effort to set a positive example of ethical behavior, leadership is a
commitment to excellence.
11. Reputation and Morale = Build and protect the company’s reputation and morale of its employees.
12. Accountability = the quality or state of being accountable. especially : an obligation or willingness to accept
responsibility.
Importance of Business Ethics

1. Ethical Motivation = It protects and improves reputation of the organization by creating efficient and productive
environment.
2. Balance the needs and wishes of the stakeholders = Business ethics requires businesses to think about the impact of
its decision on stakeholders who are directly or indirectly affected by those decision.

SOCIAL ETHICS AND BUSINESS ETHICS

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SOCIAL ETHICS AND BUSINESS ETHICS

By: Psyche D. Fadrigo

Social Ethics Touches All Interests

Why is it important to study social ethics?

SOCIAL ETHICS OF BEHAVIOR

WHAT ARE THE ETHICS OF THE SOCIETY?

What Does Business Ethics Means?

Two Key Branches of Business Ethics

12 Principles of Business Ethics

Importance of Business Ethics

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