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http://www.bized.co.uk

Copyright 2007 Biz/ed

BIRLA COLLEGE

GROUP MEMBER:-

PUSHPENDRA-DUBEY

SUMIT-YADAV

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The Nature of Ethics

Ethics The inner-guiding moralprinciples, values, and beliefs thatpeople use to analyze or interpret asituation and then decide what is the

right or appropriate way to behave

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The Nature of Ethics

Ethical Dilemma It is a criteria when moral situation,perception & obligation conflict insuch a way that any possibleresolution to the conflict is morally

intolerable.

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Ethical Decision ModelsUtilitarian Rule

Decision that produces the greatestgood for the greatest number

How do you measure the benefits andharms that will be done to each stakeholdergroup?

How do you evaluate the rights andimportance of each group?

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Ethical Decision Models Moral Rights rule

Decision that best maintains and protectsthe fundamental or inalienable rights and

privileges of the people affected by it

Justice rule

Decision that distributes benefits and harmsamong people and groups in a fair,equitable, or impartial way

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ROOTS OF ETHICS

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Business Ethics

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Stakeholders

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StakeholdersResponsibilities to stakeholder groups: Shareholders Generate profits

and pay dividends

Customers provide good quality productsat reasonable prices. Safety, honesty, decencyand truthfulness

Employees health and safety at work,security, fair pay

Suppliers pay on time, pay fair ratesfor the work done, provide element of security

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Stakeholders Local Community provide employment,

safe working environment, minimise pollutionand negative externalities provide external

benefits? Government abide by the law, pay taxes,

abide by regulations

Management their aims versus those

of the organisation as a whole Environment limit pollution, congestion,environmental degradation, development, etc.

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Tensions:

Profits versus higher wages

Expansion versus development

Production versus pollution

Supplier benefits versus consumer

prices/lower costs Survival of the business versus

needs of stakeholders

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Solution Taxation

Self Regulation

Subsidies Government/EU regulation

Legislation

Pressure Groups

Improve competition and contestabilityof markets

Social and Environmental Audits

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Trust and ReputationTrust persons

confidence and

faith in anotherpersonsgoodwill

Reputation esteem or high

repute thatindividuals ororganizationsgain when they

behave ethically

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Social and Environmental Audits

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THANK YOU

Documents

Ethics 22222222