be lec-1 business ethics

8/9/2019 Be Lec-1 Business Ethics

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All praises and thanks be to Allah,Who has sent down to his slave

the Book and has not placed

therein any crookedness.

18:1


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3

Business Ethics

Some timeless insights

Definition

Daily occurrences of ethical dilemmas Competitive advantage of ethical organizations

Managing morally imperfect people

What is the extent of unethical ehaviors at !or" What type of organizations and operational areas

have ethical prolems


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#

Business Ethics

Why do good people ehave unethically

What are the costs of unethical ehavior

What is human nature


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S$ME %&ME'ESS

&(S&)*%S


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&t+s your attitude, not your

aptitude that !illdetermine your altitude in

life-.


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/Winners never 0uit and

0uitters never !in.-


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SOMEOE W!"" A"WA#S BE

"OO$!% A& #O' AS AE(AM)"E O* +OW &O BE+AE.-O& "E& +!M -OW


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"!$E &+E SO'0/E

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!'0E A %0EA& *0!E-S+!)


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OE0ES&!MA&E &0AE" &!ME B# 12

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0EMEMBE0 &+A& EE0#OE !S

!*"'E/E- B# $!-ESS

S'//EE- A& +OME *!0S&

+EA0 BO&+ S!-ES BE*O0E '-%!%

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*A/!"!&A&E &+E S'//ESS O*

#O'0 S'BO0-!A&ES

"!S&E &W!/E AS M'/+ AS #O'S)EA$


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B5S&(ESS E%*&CS


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introduction

6 (o ethics in the society, even in the so

called ethical societies

6 7merican Salad $il Company

6 8riedman9s :hilosophy

6 ;onald ;egan< Margret %hacher

6 Corporate Scandals


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1=

Ethics

Ethics are standards o5 ri6ht 7wron6 that in5lence behavior.

0i6ht behavior is considered ethical,

7 wron6 behavior is considerednethical.

!t is 9aor concern to both 9ana6ers

7 e9ployee.


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1-16

Ethics is about how we meet

the challenge of doing theright thing when that will cost

more than we want to pay


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7ction se0uence


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Why study usiness ethics>

Reports of unethical behavior are on

the rise.

Individual ethics is not enough.

Studying business ethics helps

identify ethical issues to keystakeholders.


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Why study usiness ethics>

orporate concern for ethical conduct is

increasingly being integrated with strategic

planning to ma!imi"e profitability.

orporate citi"enship is positively associated

with#

$retrn on invest9ent and assets

$sales 6rowth

%any studies have found a positive relationship

between corporate citi"enship and performance.


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Does Ethical Behavior :ay> Enrons nethical behavior cost 9any

or6ani;ations 7 people 6reat deal o5 9oney

directly& but it also hurt everyone in stock market&

' general economy Enron is no longer company it was& ' its auditor

(rthur (ndersen lost many of its clients ' had to

sell parts of its business due to unethical behavior.

)rom individual level& you may say that former

Enron E* +enneth ,ay ' other made millions

for their unethical behavior.


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Does Ethical Behavior :ay>

rescent -ank& (ltaf Saleem

%ehran -ank Scandal

-ank of un/ab Scandal

hairman *0R(


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Daily occurrence of ethical

dilemmas6 Starting the day

6 7rriving late at !or" and ending !ith

unfinished tas"s

6 Dealing !ith people

6 %raffic issues

6 %reating everyone at home


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What is ethical

or6ani;ation


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