Business Ethics in india ppt

7/23/2019 Business Ethics in india ppt

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ETHICS

Can be defned as a system o right and wrong

Assist individual decide whether an act is :

-Moral or Immoral-Socially desirable or Undesirable


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What is Business Ethics?

rinci!les and standard which guidebehaviour in the world o business

right or wrong"# "acce!table or

unacce!table" behavior within theorgani$ation

%etermine by &ey sta&eholders


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Importance of business ethics

'thics corres!onds to basic human needs (alues creates creditability with the

!ublic (alues gives the management

creditability with its em!loyees (alues hel! better decision ma&ing

'thics and !roft go together )aw can*t !rotect society ethics can


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The major principles of businessethics

+o discrimination should be done on thebasis o caste#color# and religious,

he !olicies should be air and trans!arent

ro!er !rovision o saety should be!rovided by the com!any to the em!loyees

here should be !ro!er honesty#loyalty#and integrity in the em!loyees,

Com!any should !rovide betterenvironment condition,


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he com!anies resources should not beutili$ed or their !ersonal usage

o neither give not ta&e any illegal!ayment#remuneration#git#donation# orcom!arable# beneft to obtain business oravour

o com!ly with all regulations regarding!reservation o the environment

'm!loyee should re!ort to management

any actual or !ossible violation o code oran event that could a.ect the business orre!utation o the em!loyee*s com!any


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Classication of ethical issues

Con/ict o interest 0onesty and airness Communication 1rgani$ational relationshi!s


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Ethical issue for business

roduct saety standards Advertising contents 2or&ing environment Unauthori$ed !ayouts 'm!loyee !rivacy 'nvironmental issues


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Common unethical acts

)ying to su!ervisors 3alsiying records Alcohol and drug abuse Stealing Im!ro!er accounting !rocedure %iscrimination

(iolation o environmental laws


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Key inuences on ethicalbehaiour

ersonal values Su!ervisor in/uence Senior management in/uence Internal drive to succeed erormance !ressure Co-wor&ers in/uence4!eer !ressure5


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Key causes of unethicalbehaiour

Meeting overly aggressive fnancial orbusiness ob6ective

Meeting schedule !ressure 4deadlines5 0el!ing the organisation survive 7ationalising that others do it 7esisting com!etitive threat

Saving 6obs


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Why miscon!uct is not reporte!

3ear o not being considered a team!layer

%id not thin& that corrective action would

be ta&en 3ear o retribution-rom management +o-one else cares 8 why should I9"

%id not trust the organisation to &ee! there!ort confdential


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Ethical practices "nethical practices

To#ar!s Inestors$

'nsuring saety o their moneyand timely !ayment o interest,

Investors !rinci!le amount donot return on time# showing analse accounting,

To#ar!s Employees$rovision o air o!!ortunities

in !romotions and training#good wor&ing conditions# andtimely !ayment o salaries

%o not !rovide timely !ayment

o salaries and incentives,

To#ar!s Customer$

Com!lete inormation o theservice and !roduct should bemade available, ersonalinormation o the customersshould not be used or!ersonal gain,

o !rovide im!ro!er inormationo !roduct and service, rovideinerior !roduct,

Ethical an! unethical practices bybusiness


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Ethical practices "nethical practices

To#ar!s Competition$Unscru!ulous tactics and

methods should be avoidedwhile handling com!etitors,

Co!ying o !roduct o another

organi$ation,

To#ar!s %oernment$7ules and regulations regardingtaes# duties# restrictive and

mono!olistic trade !ractices#and unlawul activities li&ecorru!tion and bribing shouldbe adhered to,

businesses e!loit taloo!holes to avoid !aying taes

to the government so thecom!anies can legally dodgethe taes,

To#ar!s Enironment$olluting industries shouldensure com!liance with thegovernment norms regardingair# water and noise !ollution,

0arming the environment byeceeding the government!rescribed norms or !ollution,

Business Ethics in india ppt

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