Business Ethics

Focus of topic: Understanding and resolving ethical issues in contemporary business

Speaker: Rodolfo P. Dominno, IE, MBA Educational Attainments:

Industrial Engineering, Saint Louis University-batch 1992’

Master in Business Administration, University of the Cordilleras- Batch 2008

Previous Positions: Personnel Officer, Odilon Heavy Equipment

corp.-1995 to 2001 Branch Sales Manager, Permanent Plan Baguio-

2002 to 2005 Marketing Manager, Winaca Development Corp.-

2008 to 2009

Business Ethics

It is the form of the art of applied ethics that examines ethical principles and morals or ethical problems that can arise in a business environment.

Important of Business Ethics to Overall Society or Organizations

Business ethics is crucial to overall society because the strength of business operation is sustain by public confidence.

What are the usual issues in the absence of business ethics

Ethical mal practice Relationship conflict Discrimination Harassment Affecting privacy of others

Guidelines in Resolving Ethical Dilemmas

Establish ethics policy Establish business code of conduct Establish practical guide to ethical

decisions Adopting ethical decisions model

Ethical Decision Modelsvalues and ethics- Dr Emily Gacad

Utilitarian Model An ethical decision is one that produces the

greatest good for the greatest number of people. Moral Right Model

An ethical decision is one that best maintains and protects the fundamental rights and privileges of the people affected by it.

Justice Model An ethical decision is one that distributes

benefits and harms among stakeholders in a fair, equitable, or impartial way.

Ethical Versus Unethical DecisionsValues and Ethic- Dr. Emily Gacad

Ethical Decision A decision that is reasonable or typical

stakeholders would find acceptable because it aids stakeholders, the organization, or society

Unethical Decision A decision that a manager would prefer

to disguise or hide from other people because it enables the company or a particular individual to gain at the expense of society or other stakeholders.

Practical Guide to Ethical DecisionsValues and Ethics- Dr. Emily Gacad

Does the manager’s decision fall within usual and accepted standards?

Is the manager willing to personally and openly communicate the decision to all affected stakeholders?

Does the manager believe that his friends would approve?

If the answer is “yes” to all the above, the decision is probably an ethical decision.

Implementation and control of business ethics

Implementation of ethical policy

Evaluation and control by ethic officer

The Foundation for Ethical Behavior

Culture development Policy implementation Early morale training

Basic Duties of WorkersValues and Ethics class of Dr. Emily Gacad- mba

1. Work honestly and comply with all agreements. “Honestly can keep you safe”. Proverbs 11:6

2. Never injure capital nor steal from the employer. “Thou shall not steal”. Exodus 20:15

3. Never outrage the person of the employer. “Do not devise evil against your neighbor”. Proverbs 3:29

4. Never employ deceit nor violence in presenting a cause. “Deceit causes trouble, & foolish talk will bring you to

ruin” Proverbs 10:10

5. Never consort with agitators or men of evil principles. “Do not envious of evil men, nor desire to be with them”.

Proverbs 24:1

Word Class Worker

Bear the golden rule in mind: “Do not do unto others, what you do not want others do unto you”

References:

Business Ethics, 3rd ed. (C. Gow & G. Miranda)

Wikipedia www.articlebase.com