Description
This is a presentation describes on what is an ethical dilemma, structure of ethical dilemma, effect of ethical dilemma on stakeholders, sources of ethical problems.
ETHICAL DILEMMAS, SOURCES & THEIR RESOLUTIONS
?
A MORAL SITUATION
?
CHOICE BETWEEN 2 EQUALLY UNDESIRABLE ALTERNATIVES
?
NATURE OF THE ALTERNATIVES
EITHER
Doing what is morally right
Results in
A bad outcome or bad effects
OR
Doing what is morally wrong
Results in
Good or at least better effects or outcome
SHAREHOLDERS
EMPLOYEES
SOCIETY
?
LINKAGE BETWEEN ETHICS AND FINANCIAL SUCCESS
?
HOW MUCH TO INVEST IN BUSINESS ETHICS SYSTEM
?
LACK OF SHORT-TERM GAINS
FAILURE OF ? PERSONAL BELIEFS PERSONAL VERSUS CHARACTER ORGANIZATIONAL ? CONFLICT OF PRACTICES PERSONAL VALUES ? HAZARDOUS BUT & ORGANIZATIONAL POPULAR PRODUCTS GOALS ? ORGANIZATIONAL GOALS VERSUS SOCIAL VALUES
?
Price Fixing and Profiteering
Shifting unfair shares
Discriminatory wage structure
Using irreplenishable raw materials
Shifting business at the cost of society
Overworking women and children
Observation • People have inclination to behave unethically #1
Observation • Businesses single #2 mindedly pursue profit
Observation • Create artificial scarcity #3 for premium prices
Observation • Damage the ecology #4 and environment
Meet stakeholder expectations
Prevent harm to general public
Build trust among stakeholders
Protection from unethical activities
To create a consistently valued environment
?
?
PUBLISH IN HOUSE CODE OF ETHICS
EMPLOY PEOPLE WITH AN ETHICAL REPUTATION REWARD ETHICAL BEHAVIOR REGULAR ETHICS AUDITS
? ?
Respect confidential information
High standard of professional responsibility
Avoid conflict Act with integrity No discrimination or bias Mutual respect for individuals and organization Committed to goals
Role Model • Actions • Values
Responsible • Instill ethical behavior
Training • Staff • Employees
Consistency • Commitment • Abide by Laws
The Austere Model
The Creative Model
The Household Model
The Civic Model
The Vendor Model
The Investment Model
?
? ? ? ?
?
Is it a policy, decision or an action? Is it ethical or unethical? To resolve these questions, check the following: Utility- does its benefit exceed costs? Rights- does it respect human rights? Justice- does it distribute benefits and burdens equally among all employees?
1. DEONTOLOGICAL (ACTION ORIENTED) APPROACH:Ethical standard is consistent with the fact that the action is performed by a rational and free person.
2. TELEOLOGICAL ( RESULT-ORIENTED) APPROACH:It takes a pragmatic, commonsense, layman?s approach to ethics.
„which actions are inherently good?? „does it respect the rights of the people involved?? „does it treat everyone equally?? These are the kind of questions that one asks before deciding whether the action is ethical or not under this approach PROBLEMS:? Inflexibility ? Uncompromising
According to this school of thought, “ the moral character of actions depends on the simple, practical matter of the extent to which actions actually help of hurt people.” Actions that produce more benefits are GOOD or RIGHT Actions that don?t produce benefits are BAD or WRONG.
1. Analyze the consequences
2. Analyze the actions 3. Make a decision
THANK YOU
doc_392578656.pptx
This is a presentation describes on what is an ethical dilemma, structure of ethical dilemma, effect of ethical dilemma on stakeholders, sources of ethical problems.
ETHICAL DILEMMAS, SOURCES & THEIR RESOLUTIONS
?
A MORAL SITUATION
?
CHOICE BETWEEN 2 EQUALLY UNDESIRABLE ALTERNATIVES
?
NATURE OF THE ALTERNATIVES
EITHER
Doing what is morally right
Results in
A bad outcome or bad effects
OR
Doing what is morally wrong
Results in
Good or at least better effects or outcome
SHAREHOLDERS
EMPLOYEES
SOCIETY
?
LINKAGE BETWEEN ETHICS AND FINANCIAL SUCCESS
?
HOW MUCH TO INVEST IN BUSINESS ETHICS SYSTEM
?
LACK OF SHORT-TERM GAINS
FAILURE OF ? PERSONAL BELIEFS PERSONAL VERSUS CHARACTER ORGANIZATIONAL ? CONFLICT OF PRACTICES PERSONAL VALUES ? HAZARDOUS BUT & ORGANIZATIONAL POPULAR PRODUCTS GOALS ? ORGANIZATIONAL GOALS VERSUS SOCIAL VALUES
?
Price Fixing and Profiteering
Shifting unfair shares
Discriminatory wage structure
Using irreplenishable raw materials
Shifting business at the cost of society
Overworking women and children
Observation • People have inclination to behave unethically #1
Observation • Businesses single #2 mindedly pursue profit
Observation • Create artificial scarcity #3 for premium prices
Observation • Damage the ecology #4 and environment
Meet stakeholder expectations
Prevent harm to general public
Build trust among stakeholders
Protection from unethical activities
To create a consistently valued environment
?
?
PUBLISH IN HOUSE CODE OF ETHICS
EMPLOY PEOPLE WITH AN ETHICAL REPUTATION REWARD ETHICAL BEHAVIOR REGULAR ETHICS AUDITS
? ?
Respect confidential information
High standard of professional responsibility
Avoid conflict Act with integrity No discrimination or bias Mutual respect for individuals and organization Committed to goals
Role Model • Actions • Values
Responsible • Instill ethical behavior
Training • Staff • Employees
Consistency • Commitment • Abide by Laws
The Austere Model
The Creative Model
The Household Model
The Civic Model
The Vendor Model
The Investment Model
?
? ? ? ?
?
Is it a policy, decision or an action? Is it ethical or unethical? To resolve these questions, check the following: Utility- does its benefit exceed costs? Rights- does it respect human rights? Justice- does it distribute benefits and burdens equally among all employees?
1. DEONTOLOGICAL (ACTION ORIENTED) APPROACH:Ethical standard is consistent with the fact that the action is performed by a rational and free person.
2. TELEOLOGICAL ( RESULT-ORIENTED) APPROACH:It takes a pragmatic, commonsense, layman?s approach to ethics.
„which actions are inherently good?? „does it respect the rights of the people involved?? „does it treat everyone equally?? These are the kind of questions that one asks before deciding whether the action is ethical or not under this approach PROBLEMS:? Inflexibility ? Uncompromising
According to this school of thought, “ the moral character of actions depends on the simple, practical matter of the extent to which actions actually help of hurt people.” Actions that produce more benefits are GOOD or RIGHT Actions that don?t produce benefits are BAD or WRONG.
1. Analyze the consequences
2. Analyze the actions 3. Make a decision
THANK YOU
doc_392578656.pptx