Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 371 views

    Ethical Issues in Business

    Uploaded by

    Savya Jaiswal
    The document discusses key causes and influences of unethical behavior in business, including meeting aggressive objectives, schedule pressures, rationalizing the actions of others, and lack of management support. It also outlines why misconduct is not reported, such as fear of retaliation or lack of trust in the organization. Ethical issues are classified into categories like conflict of interest, honesty and fairness, communications, and organizational relationships. Resolving ethical dilemmas requires considering utility, rights, and justice for stakeholders like shareholders, society, and employees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Ethical Issues in Business

    Uploaded by

    Savya Jaiswal
    371 views29 pages
    The document discusses key causes and influences of unethical behavior in business, including meeting aggressive objectives, schedule pressures, rationalizing the actions of others, and lack of management support. It also outlines why misconduct is not reported, such as fear of retaliation or lack of trust in the organization. Ethical issues are classified into categories like conflict of interest, honesty and fairness, communications, and organizational relationships. Resolving ethical dilemmas requires considering utility, rights, and justice for stakeholders like shareholders, society, and employees.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses key causes and influences of unethical behavior in business, including meeting aggressive objectives, schedule pressures, rationalizing the actions of others, and lack of management support. It also outlines why misconduct is not reported, such as fear of retaliation or lack of trust in the organization. Ethical issues are classified into categories like conflict of interest, honesty and fairness, communications, and organizational relationships. Resolving ethical dilemmas requires considering utility, rights, and justice for stakeholders like shareholders, society, and employees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    371 views29 pages

    Ethical Issues in Business

    Uploaded by

    Savya Jaiswal
    The document discusses key causes and influences of unethical behavior in business, including meeting aggressive objectives, schedule pressures, rationalizing the actions of others, and lack of management support. It also outlines why misconduct is not reported, such as fear of retaliation or lack of trust in the organization. Ethical issues are classified into categories like conflict of interest, honesty and fairness, communications, and organizational relationships. Resolving ethical dilemmas requires considering utility, rights, and justice for stakeholders like shareholders, society, and employees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 29
    At a glance
    Powered by AI
    The key takeaways are that the document discusses various causes of unethical behavior, influences on ethical behavior, models of business conduct, and ways to resolve ethical problems in business.

    Some of the key causes of unethical behavior mentioned are meeting overly aggressive financial objectives, meeting schedule pressures, helping the organization survive, and rationalizing that others also behave unethically.

    Some of the key influences on ethical behavior mentioned are personal values, supervisor influence, senior management influence, internal drive to succeed, and performance pressures.

    Ethical Issues in Business

    BEBI

    Key Causes of Unethical Behavior...


    meeting overly aggressive financial or business objectives meeting schedule pressures helping the organization survive rationalizing that others do it resisting competitive threats saving jobs
    1997 Society for Human Resource Management/ Ethics Resource Center, Business Ethics Survey.

    Key Causes of Unethical Behavior...


    Pressure to balance work and family Poor communication Long work hour Lack of mgmt support Pressure to meet sales or profit goals Little or no recognition of work

    Key Causes of Unethical Behavior...

    Company policies Personal financial worries Insufficient resources


    Continue.

    Key Influences On Ethical Behavior...


    personal values supervisor influence senior management influence internal drive to succeed performance pressures lack of punishment friends/coworker influence

    1997 Society for Human Resource Management/ Ethics Resource Center, Business Ethics Survey.

    Why Misconduct Is Not Reported...


    fear of not being considered a team player did not think corrective action would be taken fear of retribution (from management) no one else cares, why should I did not trust the organization to keep report confidential
    1997 Society for Human Resource Management/ Ethics Resource Center, Business Ethics Survey.

    Classification of Ethical Issues...


    conflict of interest honesty and fairness communications organizational relationships

    Conflict of Interest...
    exists when an individual must choose whether to advance his/her own interests, the organizations, or others examples include bribes or personal payments, gifts, or special favors intended to influence decision making

    Honesty & Fairness...


    following applicable laws a regulations & not knowingly harming stakeholders Is advertising prescription drugs on TV and in magazines fair?

    Are long distance information ads that place the cost of the call in very small print at the bottom of the screen fair?

    Communications...
    refers to the transmission of information and the sharing of meaning examples: deceptive advertising, product safety information, & product composition

    Are vitamin and herbal supplements using puffery in their advertising?


    Note: roughly half of Americans take supplements

    Organizational Relationships...
    behavior of organizational members toward stakeholders includes confidentiality, meeting obligations & deadlines, not pressuring others to behave unethically

    Ethical Issues Can Relate to All Functional Areas...


    accounting
    finance management marketing

    Ethical Dilemmas
    BEBI

    What is??
    Ethical Dilemma is a moral situation in which a choice has to be made b/w two equally undesirable alternatives. An ethical dilemma is a situation that will often involve an apparent conflict between moral imperatives, in which to obey one would result in transgressing another. This is also called an ethical paradox since in moral philosophy, paradox plays a central role in ethics debates.

    Business Ethical Dilemma


    Business ethical dilemma exists when an organizational decision maker faces a choice between two or more options that will have various impacts on
    A. organization profitability and competitiveness B. Stakeholders

    In a situation of this kind, one must act out of prudence to take a better decision. Eg. Of advertising agency

    How the dilemmas in Business Affects stakeholders


    Sharehoder

    Business Balance

    Employee

    Society

    Sources Of Ethical Problems


    Ethical challenges and their attendant dilemmas may arise due to:
    1. Failure of personal character 2. Conflict of personal values 3. Organizational goal vs. Social goal 4. Hazardous but popular products 5. Newer technologies, diverse religious, cultural and social beliefs, economic and political system, and Ideologies.

    Other Ethical Challenges


    Some of other unethical practices sample are such: Price fixing and profiteering due to monopoly and often artificially created scarcity. Shifting unfair shares to the producer stakeholders and employee

    Some of other unethical practices sample are such:

    Discriminatory wages structure Using scarce and irreplenishable industrial resource and raw material. Shifting or locating business at the cost of society Overworking women and children

    Why does business have negative image??


    3 main points for ethical dilemmas:
    Competitive Pressure Individual greed Differing cultural contexts

    Why Business should act Ethically


    To meet stakeholder expectations. To prevent harm to the general public To build trust with key stakeholder groups To protect their own emplyee To create an environment in which workers can act in ways consistent with their values

    Code of Personal ethics for Employee


    Respect confidential information to which you have access. Maintain high standard of professional responsibility Avoid being placed in situations involving conflict of interest Act with integrity

    Code of Personal ethics for Employee


    Do not discriminate against anybody or anything on any bias Maintain professional relations based on mutual respect for individuals and organization Be committed to the goals of the organization Do not give up your individual professional ethics

    Waltons six models of business conduct


    1. The Austere Model: It gives almost
    exclusive emphasis on ownership interest and profit objectives. 2. The Household Model: Following the concept of an extended family, the model emphasizes jobs, benefits and paternalism.

    Waltons six models of business conduct


    3. The Vendor Model: In this model, consumer
    interest, tastes and rights dominate the organization. 4. The Investment Model: This model focuses on the organization as an entity and thus on long-term profits and survival. In the name of enlightened self-interest, it gives some recognition to social investment along with economic ones.

    Waltons six models of business conduct


    5. The Civic Model: Its slogan is corporate citizenship. It goes beyond imposed obligations, accepts social responsibility and make a positive commitment to social needs. 6. The Creative Model: This model encourages organization to become creative instrument.

    How to resolve Ethical problem


    To resolve ethical dilemma ask 3 question:
    Utility: Does its benefits exceed cost (shareholder)? Rights: Does it respect human rights (society)? Justice: Does it distribute benefits and burdens evenly (employee)?

    Steps of resolving
    Step1: Analyze the consequences Step2: Analyze the Actions Step3: Make a Decision

    You might also like