Business Ethics

Session: 2
Prof. Arun Patil MET Institute of Management Mumbai

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Lets enter the

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Session Outline
Management a profession? Issues- Ethics Ethics, Morality and Law Universal Principles

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Objectives
To analyze whether management is a profession State the issues related to ethics Differentiate between Ethics, Moral and Law List the universal principles of being ethical

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Ethical or Unethical?

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Ethical or Unethical?

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Ethical or Unethical?

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Lets Debate

IS MANAGEMENT A PROFESSION?

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

Lets Debate
Objective: To analyze whether management is a profession Task: Divide the class in 2 groups One group will be for and the other against Debate whether management is a profession

Time: 10 mins

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

Business Ethics

What is a Profession?
Providing service Adding value Regulatory Agency Expertise, knowledge & skills Professional spirit (methods/tools/techniques) High standards of conduct & integrity Code of Conduct

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

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Business Ethics

Management a Profession?
Management is NOT a profession as yet, as it lacks several essentials of a profession But it is fast evolving in that direction MBA is a state of mind
Profession

Lets contribute our mite.

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

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Business Ethics

Life Insurance Selling CS 1

Issues :Personal ethics

Human ethics

versus
Professional ethics

versus
Office ethics

versus
Company ethics
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Individual

3/26/2014

Prof. Patil, MET IOM

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Business Ethics

Who benefits?? CS 2
Life is essentially choices

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

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Business Ethics

Ethics? Morality? Law?

What does Oxford say?

Ethics The moral principles that govern a persons behaviour or conduct of an activity.

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

15

Business Ethics

Ethics? Morality? Law?

What does Oxford say?
Morality

A set of principles concerning the difference between

Right
Developed by MET CET

Wrong
Prof. Patil, MET IOM 16

3/26/2014

Business Ethics

Ethics? Morality? Law?

What does Oxford say?

Law
A system of rules recognized by a country for governing the actions of its members & to administer justice for all.

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

17

Business Ethics

Some disturbing ???

How & why did the great Greek & Roman empires disintegrate & finally perish? Why has the Indian civilization survived for thousands of years despite innumerable foreign attacks & invasions? What are the deeper reasons for the melt-down of American economy in 2008? The

R factor??

An Indecent Proposal

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

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Business Ethics

Timeless/ Universal Principles

Inviolable values regardless of time/person/ location subjectivity: DO UNTO Truth? OTHERS Non-killing/ non-violence? Good Bad As YOU would Respecting elders want others to Not deceiving others DO UNTO YOU Do unto others. Whatever makes you feel sad/bad/guilty Law of Karma

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

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Business Ethics

The Unavoidable Fact

There are always

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

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Contact Me

If (at all) you wish to contact me.. 98205 51566

omarunpatil@gmail.com

Developed by MET CET

3/26/2014

Prof. Patil, MET IOM

23

Business Ethics

Thank You
Y O U
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T H A N K

Prof. Arun Patil MET Institute of Management Mumbai

3/26/2014

Prof. Patil, MET IOM

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