What is

A branch of philosophy

that involves
systematizing, defending, and recommending

concepts of right and wrong conduct

also called moral philosophy.

What is business ethics?

Written
and
unwritten
principals,
values
and
standards that govern decisions
and actions in acceptable manner
within organization.

Organizations culture sets standards

How an organization ethically responds
Affects all functional areas.

How are ethics applied in th

workplace?
every

Ethics must be applied

time employees and mangers have

make a decision about

what is the right thing to do?
to

Common work place ethics

Trustworthiness
Respect
Sense of Responsibility
Fairness
Caring & sharing
Discipline
Sense of teamwork
Taking initiative (creativity)
Emphasis on quality

Factors impacting organizational ethics

Behavio
rs and
attitud
es

Values
&
beliefs

Decisio
n
making

Culture

Policies
and
rules
Norms

Organizationa
l ethics

legal
behavio
r
Promotio
ns

Code of
ethics

Accomp
lishmen
t
Hiring
practic
es

Compa
ny
attitud
e

Reward
system

Ethical Issues in Human Resource

Management
Discrimination by race, religion, sex, age & disability
Sexual harassment
Demotivate individuals
Make good employees leave the company
Child labor

Ethical Issues in
Production
Providing law quality of products and services
Deception size and content
Ignoring of health, safety and environmental
standards
Genetically modified food & artificial food

Ethical Issues in Sales and Marketing

Deceptive misleading advertisements

Counterfeit goods and brands
Price fixing, price discrimination, price skimming & dumping
Omitting to provide information on side effects

Ethical Issues in Finance

Misleading financial analysis
Fictitious revenue
Concealed liabilities and expenses
Fraudulent disclosures or omissions & asset valuation

Illegally evading income taxes

guidelines issued by an
organization to its workers and
management to help them conduct
their actions in accordance with its
primary values and ethical
standards.

A written set of

A document developed for and by a company to

guide the behavior of managers and employees.

In 2007, 86 % of Fortune Global 200

companies had a business code, an increase of

51 %

since 2000.

Increase in business codes among Fortune Global 200

companies

What is a code?
These code elements are often integrated,
together forming the companys ethical
backbone.
Mi
ssi
on
Core values
Responsibilities
Standards & Rules

An entitys code of conduct will ordinarily

include these sections:
Company
secrets
Conflicts of
interest

Alcohol and
illegal drugs

Records
and
documents

Code
of
condu
ct

Disciplinary
actions

Discriminati
on and
harassment

Accounting
records

Company
assets and
resources

Laws, rules
and
regulations

Embedding a code

Distribute the code widely

Training managers and employees
Develops effective communication
Availability for advice on ethical situations
Punishing code violators
Rewarding people
Establish grievance procedures

ationship between ethics and employees performa

Ethical behavior and corporate social

responsibility can bring significant to a
business.

It enhances the company's core values, beliefs

and sets the right culture
Gives a vision and a mission
Builds a reputation and image
Safety from legal perspectives
Customer satisfaction
Attract investors
Cost control, Profitability and Sustainability

Conclusion
Ethics is an essential part of the
foundation on which of a civilized
society is build.
Businesses are more likely to succeed when they base themselves in
ethics in honesty, integrity, and quality.

Thank
you!