Business Ethics
BAAmity Business School
Amity Business School
MBA Class of 2010, Semester II Business Environment and Strategic Analysis Module-V (Business Ethics) Vivek Singh Tomar
1
Chapter Outline
• Business Ethics and Public Opinion • What Does Business Ethics Mean? • Ethics, Economics and Law: Venn Model • Four Important Ethics Questions
Amity Business School
• Three Models of Management Ethics • Making Moral Management Actionable • Developing Moral Judgment • Elements of Moral Judgment • Summary
Introduction
Amity Business School
Business Ethics • Public’s interest in business ethics increased during the last four decades • Public’s interest in business ethics spurred by the media
Introduction
Amity Business School
Inventory of Ethical Issues in Business • • • • • Employee-Employer Relations Employer-Employee Relations Company-Customer Relations Company-Shareholder Relations Company-Community/Public Interest
Public’s Opinion of Business Ethics
Amity Business School
• Gallup Poll finds that only 17 percent to 20 percent of the public thought the business ethics of executives to be very high or high • To understand public sentiment towards business ethics, ask three questions
– Has business ethics really deteriorated? – Are the media reporting ethical problems more frequently and vigorously? – Are practices that once were socially acceptable no longer socially acceptable?
Business Ethics: What Does It Really Mean? Amity Business School
Business Ethics:Today vs. Earlier Period
Expected and Actual Levels of Business Ethics
Society’s Expectations of Business Ethics Ethical Problem Actual Business Ethics
Ethical Problem
1950s
Time
2009
Business Ethics: What Does It Business School Amity Really Mean? Definitions
• Ethics involves a discipline that examines good or bad practices within the context of a moral duty • Moral conduct is behavior that is right or wrong • Business ethics include practices and
Amity Business School
MBA Class of 2010, Semester II Business Environment and Strategic Analysis Module-V (Business Ethics) Vivek Singh Tomar
1
Chapter Outline
• Business Ethics and Public Opinion • What Does Business Ethics Mean? • Ethics, Economics and Law: Venn Model • Four Important Ethics Questions
Amity Business School
• Three Models of Management Ethics • Making Moral Management Actionable • Developing Moral Judgment • Elements of Moral Judgment • Summary
Introduction
Amity Business School
Business Ethics • Public’s interest in business ethics increased during the last four decades • Public’s interest in business ethics spurred by the media
Introduction
Amity Business School
Inventory of Ethical Issues in Business • • • • • Employee-Employer Relations Employer-Employee Relations Company-Customer Relations Company-Shareholder Relations Company-Community/Public Interest
Public’s Opinion of Business Ethics
Amity Business School
• Gallup Poll finds that only 17 percent to 20 percent of the public thought the business ethics of executives to be very high or high • To understand public sentiment towards business ethics, ask three questions
– Has business ethics really deteriorated? – Are the media reporting ethical problems more frequently and vigorously? – Are practices that once were socially acceptable no longer socially acceptable?
Business Ethics: What Does It Really Mean? Amity Business School
Business Ethics:Today vs. Earlier Period
Expected and Actual Levels of Business Ethics
Society’s Expectations of Business Ethics Ethical Problem Actual Business Ethics
Ethical Problem
1950s
Time
2009
Business Ethics: What Does It Business School Amity Really Mean? Definitions
• Ethics involves a discipline that examines good or bad practices within the context of a moral duty • Moral conduct is behavior that is right or wrong • Business ethics include practices and