final mcomm ppt

8/6/2019 Final Mcomm Ppt

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Derived from Greek word Ethikos

meaning custom or character.

Dictionary meaning- a system of moral

principle rules and conducts.

As a science it involves systemizing,

defending and recommending concepts of

right and wrong behavior.


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In the aftermath of major corporate failures

and questionable accounting practices,

American Accounting Association President G.Peter Wilson said that in the classroom,

educators need to increasingly emphasize the

value of integrity, what has long been amainstay of accountants reputation


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6

LawMorals

Ethics

Values

Religion


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Importance of Ethics in Business:

Ethics is closely related to Trust

Trust is three dimensional

Trust in supplier relationships,

Trust in employee relationships

Trust in customer relationship

Help in better decision making

Law cannot protect society, ethics can


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To protect its own interest

To protect the interest of business

community as a whole so that the publicwill have trust in it.

To keep its commitment to society to act

ethically To meet stakeholder expectations

To prevent harm to the general public


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To build trust with key stakeholder groups

To protect themselves from abuse of

unethical employees and competitors

To protect their own reputations

To protect their own employees and

To create an environment in whichworkers can act in ways consistent with

their values.


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Differ with persons

ethical questions do not have a unique

solution but a multitude of alternatives

Ethical decisions are not limited to

themselves, but affects a wide range of

other situations as well. ED involves a trade off between cost

incurred and benefits received.

CHARACTERISTIC OF BE:


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Beliefs and Values

Moral Development

Ethical Framework

Founder

History

Defining Moments

Stories of Development

Government Regulations

Customers

Special Interest Groups

Market Forces

Structure

Policies and Rules

Code of Ethics

Reward System

Selection and Training

External StakeholdersOrganizational Systems

Personal Ethics Organizational Culture


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Bribery

Coercion

Undue Influence

InsiderTrading

Tax Evasion

Pollution

Unfair dealing and discrimination

Improper accounting practices


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Balancing work and family 52%

Poor Leadership 51%

Poor internal communication 51%

Lack of management support 48%

Need to meet goals 46%

- given by Ethics Officers Association

( 1997)

ROOTS OF UNETHECAL BEHAVIOR:


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INFOSYS Technologies-mission :

To achieve our objectives in an

environment of fairness, honesty andcourtesy towards our clients, employees,

vendors and society at large

INFOSYS CEO FINED


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First Indian company to articulate a set

of beliefs to guide business conduct as

early as in the 1970s Awarded the Ethics in Good Business

Award for the year 2002 by PHDCCI

Ethics- the major factor behind itssuccess.


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SOME FACTORS

Friendships factor into business interactions

Gift giving and reciprocity are natural aspects of the

Indian culture

Complicated social order often creates an ambivalentconcept of ethical behavior.

inefficient government bureaucracies

inadequate supply of infrastructure

access to financing

Vague government policies and lax enforcement


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final mcomm ppt

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