Ethical Issues in Management : 2019-2020
Date Topic of the Session
Knowledge
22/6/2019 Introduction to Ethics What is the difference
between Moral Values and
Ethics.
Need of ethics in business
Moral Values are personal
whereas ethics are code of
conduct.
ethics are needed to make
business decisions for the
welfare of the organization.
ethics lies between morals
and laws.
Examples of ethical
misconduct and its
consequences
29/6/2019 The changing Business Ethical Management is
Environment ethical behavior at personal
level whereas management of
ethics is at organizational
level There are various ethical
issues like bribery,
plagiarizing, behavioral
conduct and discrimination.
Role of manager can be
divided in three ways -
interpersonal, informational
and decision.
The differences between
Ethics and Laws. Ethics at the
level of organization and at
the level of an individual.
6/7/2019 Ethical Decision Making Issues of ethics in markets like
Learning Diary Components
Attitude
-I became more conscious about the
impacts of my decisions as manager
-I became me more aware about the
challenges and outcomes w.r.t to the
ethical dimension
-Ethics are one of the most important
thing needed in an organization. It
helps both an individual and
organization to grow in a productive
way.
-Discussion on the movie Social
Network showed how unethical
behavior can cause repercussions.
-I understood that ethical
Management requires daily practice
where’s Management of ethics
requires monitoring and regulation.
Manager needs to have leadership,
analytical, assertive and sociable
qualities. Personal ambitions should
not be preferred over ethical
behavior.
-I realized that ethics is all inclusive
and all pervasive. Ethics will have an
impact on business dimensions and
will never exist in isolation
- I realized that ethical problems
Skill and Habit
To implement ethical values in normal day
to day life.
To align my decisions which are
conforming with my ethical beliefs. To act
and perform in a way which will not affect
others by approaching the tasks in ethical
ways. The movie showed how Mark
Zuckerberg betrayed the twin brothers and
their friend Eduardo and was subsequently
sued for his actions. We should make our
business practices ethical along with
productivity.
To align my behavior ethically while taking
daily to day decisions
Never hide facts deliberately in any
professional environment.
Always keep the ethical side of any
transaction in mind while conducting day
to day activities.
Skill is to learn to be honest in the dealings
 breaches, torts, inefficiency
and fraud. Features of the
market - Private Ownership,
Voluntary Exchange and Profit
Motive.
doesn’t have a right or wrong answers that we get to be an apart of and to be
so try to find a balanced approach sensitive to the people and the
with minimum damage.-I became surroundings. Reading about the current
conscious of the market limitations developments that demonstrate ethical
and the challenges practices in business decisions.
-I became more responsible w.r.t to
contracts and frauds, and the
importance of ethical approach while
dealing with the same
-I also realized how we shouldn't take
biased or irresponsible decisions and
always look at issues from an
objective standpoint
-The attitude developed is to have an
obligation to
protect and promote and consider the
interests of
others.
-A hybrid system of capitalism and
socialism can be an alternative to
today's version of capitalism.

13/7/2019 Ethical Decision Making The internal processes in the
context of ethical decision
making also need to be
strengthened among the
companies
-Many accounting firms have
tried to exploit the loopholes
to save tax for the wealthy
and earn obscene profits for
themselves.
I became aware that instead of
focusing only on revenues from selling
tax products, the accounting firms can
focus on other avenues of revenue.
To stand firm to one's core value
system even when conflicted with
ethical behavior on an extremely high
emotional situation.
In the longer run, honesty, fairness,
integrity always pays. To gain short term
profits, do not forget the bigger picture
Always remember to process the
consequences of one's action howsoever
tempted you are

20/7/2019 Ethical Theories Identifying the process of for -learn about yourself if you are too If we cannot handle a decision with full
ethical and responsible emotional about any job you are commitment and it is having a bad effect
decision making doing then you should not take on our conscience then we should not
anything you don’t support push ourselves
 -We need to recognize when we are We can always take the decision to take a
working in corporate that if someone job we cannot sure about and try to make
is not having any hidden agenda a difference. In case it does not work out.
We can leave and move on, considering it
as a part of journey
27/7/2019 Ethical Decision Making Conflict between the moral Develop emotional intelligence to Clearly our ideas influence our words and
Contexts: Personal & choices of a person and the access different tough situations and actions, and in a group context, ethics in
Professional. .A decision ethical choices of an in confining ethical decision-making to decision-making can be assessed through
making process for ethics organization is most readily a company or group context, ethical concrete proof and results from words and
dealt with as someone seeks choices are generally restricted to actions. Once again, the private realm is
to enter the organization. If behavior and words (e.g., no deceit in left with ideas and motivation. As a result,
an individual is willing to enter sales promotion, use words to there will be constraints in evaluating
a company or business, it is manipulate performance,). Using suitable ethical behavior. Right motivation
essential that the key values actions and phrases, right conduct can with right Action-Right motivation with
and code of behavior of the be assessed, but there is no way to incorrect Action-False motivation with
company (if accessible) be understand one's ideas. Through our right action-False motivation with right
submitted to him or her. The difference, ideas and views (e.g., I action-False motivation with incorrect
potential fresh member will want to assist and benefit my client as action.
then have to determine opposed to wanting their cash
whether their moral decisions without regard to what is correct,
can be reconciled with the private gain at the expense of the
ethics of the organization as reputation of someone else,...) will be
expressed in the values and limited to moral choices that are part
code of behavior of the of private decision-making.
company. The arrangement to
enter the business implicitly
implies this reconciliation has
occurred, but it can be made
explicit by needing a code of
behavior to be agreed.
3/8/2019 Ethical Decision Making We understand from the past Ethics isn't science. Social and natural Four general categories of antecedents can
Contexts: concept of meeting that Ethics does not science can provide significant explain the expression of ethical conduct:
utilitarianism, Kantian follow norms that are information to assist us create better cultural influences. These include social,
Ethics, Virtue Ethics, culturally accepted. Some ethical decisions. But science alone economic, and political factors that affect
rights and justice cultures are quite ethical, but does not tell us what we should do. the creation of ethical norms and
others become corrupt or Science can provide an explanation of procedures through a society's
blind to certain ethical how human beings are. But ethics organizations. Individual variables of
 concerns (as the United States
was pre-Civil War slavery).
"Do as the Romans do in
Rome" is not a satisfying
ethical norm.
10/8/2019 Ethical Panel discussion Real scenarios for accessing
ethical issue in corporates
17/8/2019 The relevance of ethics in Together, ethics and values
doing business lay the foundation for
sustainability. Although they
are sometimes used
synonymously, they are
different in that ethics is the
set of rules regulating a
person's conduct, created by
a society or culture. Values
are the views for which an
person has an enduring
preference.
Ethics and values are crucial in
every aspect of life when we
have to make a decision
offers reasons for how people should
behave. And it may not be ethical to
do it just because something is
scientifically or technologically
feasible.
Ways to tackle tough situations and
being whistleblower and its
consequences and advantages
Ethics is related to the laws of
conduct that address problems of
morality. Value is defined as the
values that assist to make them judge
what matters more. Ethics is a system
of moral values. Unlike values, which
is the stimulus of our thinking.
difference. Interdisciplinary research in
moral psychology has shown that early
cognitive and emotional growth (e.g.
empathy development) underlies moral
development. Given this knowledge that
should occur between the business and
the individual, cautious consideration
should be given to a change in the values
and code of behavior of the business.
To be courageous and determine the
situation. To be ethical in corporate by
being honest
While ethics is continually enforced over
time, it remains the same for all human
beings. Values have an individualistic
approach, that is, they differ from person
to person, but they remain stable,
relatively unchanged, but they can be
modified over time owing to an significant
emotional situation.