BUSINESS ETHICS & INDIAN ETHOS IN MANAGEMENT Ethics culture and values,
Ethics in Management
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Ethics in Management 1. Society and stakeholders expect managers to do what is right, fair, and just. 2. It is in the corporations’ and managers’ best interest to be ethical. Moral management Not only the letter of the law, but the spirit of the law Beyond what the law actually requires Requires ethical leadership All employees see themselves under single identity Good business is just being morally good Immoral management Devoid of any type of ethical principles Opposes ethical principles Law and ethics are impediments to profit Doing what’s wrong will lead to profit One must do whatever it takes to profit Amoral management Unintentional – McDonald’s Styrofoam containers that don’t biodegrade Intentional – morals don’t matter Ethics and The Law Law & ethics govern different realms o Law is public, dealing with rules that can be enforced o Ethics are private, and cannot be enforced the same way o Ethics can be subjective to a certain degree o Laws are objective o Laws are thought of as minimum level of ethical conduct o Ethics are higher level The law embodies the ethics of business o The idea that if its legal, its ethical o Often, there is overlap 1. Not everything that’s immoral is illegal 2. The law is slow to develop in new areas of concern – the law is often reactive
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Ethics Management
Transcript of Ethics in Management
Ethics in Management1. Society and stakeholders expect managers to do what is right, fair, and just.2. It is in the corporations’ and managers’ best interest to be ethical.
Moral management Not only the letter of the law, but the spirit of the law Beyond what the law actually requires Requires ethical leadership All employees see themselves under single identity Good business is just being morally good
Immoral management Devoid of any type of ethical principles Opposes ethical principles Law and ethics are impediments to profit Doing what’s wrong will lead to profit One must do whatever it takes to profit
Amoral management Unintentional – McDonald’s Styrofoam containers that don’t biodegrade Intentional – morals don’t matter
Ethics and The Law Law & ethics govern different realms
o Law is public, dealing with rules that can be enforcedo Ethics are private, and cannot be enforced the same wayo Ethics can be subjective to a certain degree o Laws are objective o Laws are thought of as minimum level of ethical conducto Ethics are higher level
The law embodies the ethics of business o The idea that if its legal, its ethical o Often, there is overlap
1. Not everything that’s immoral is illegal 2. The law is slow to develop in new areas of concern – the law is often reactive 3. The law often uses moral concepts that aren’t precisely defined
a. Good faithb. Fair dealing
4. Courts5. The law is a rather inefficient instrument, and relying on the law alone invites
legislation and litigation where it is not necessary
It’s often more profitable for the corporation to follow the law and act ethically in the long run
How are ethics and laws related to each other? 1. Correspondence theory – if its legal, then its legal OR if it isn’t illegal, then it’s not
unethical o Though they do not match up exactly
2. Separatism a. Privileging the lawb. Privileging ethics
Internal perspective: businesses will create their own rules that will benefit themselves and allow the corporation to be profitable
Objection 1: ethics is just a device to maximize profit, and is thus important Objection 2: assumes that ethical conduct contributes to a corporation’s profits but it
seems unethical conduct is even more profitable
External perspective: 飞机飞地方风景 短发短发短发短发是地方纠结纠结纠结纠结减肥的 计算机 jj
