ETHIKOS
Means CHARACTER
Study of Behaviour
and values
Greek word
ETHICS
Ethics is the study of
Behaviour
What is Good and What is
Wrong
Branch of Philosophy
Science of morals
ORIGIN
From Olden Days
ETHICAL OR UNETHICAL ?
Laying of employees after
assuyring no layoffs
DIFFERENCES
Morals
Latin word MOS
Ethics
Greek word Ethikos
Social in Nature
Personal in Nature
Based on Customs
Based on Personal
Aspects
Accepted by
religious/cultural
institutions
General
principles(Friends &
Family)
Narrow Scope
Personally accepted
Personal
principles(own)
Wider scope
RELIGION VS ETHICS
VS
ETHICS VS LAW
ETHICS UNIVERSAL/CONSTANT?
Ethical principles are some thing we
follow regularly in our life
Some principles are universal.
Right
Wrong
Honesty
Lying
Reliability
Cheating
Mutual respect
Stealing
Nonviolence
EXCEPTIONS
a.Thief breaks in to your home
Will you tell truth?
b.Can a doctor reveal the serious
illness to patients
:Terrorism
Western culture
Eg
NATURE OF ETHICS
Standards of Behavior tells us how to
behave
Not same as Feelings
Feelings-Personal
Ethics is not religion but it is advocated
by religion
Ethics is not law but law contains ethics
Vary from society to society
Ethics is not science
Difficulty
a.Base for Ethical standards?
b.How can we apply these standards?
UTILITARIAN APPROACH
Do more good do less harm
Produce balance between
good and harm
Deals with consequences
RIGHTS APPROACH
Ethical action is which that protects and
respects the moral rights who got
affected
Based on Human Dignity gives ability to
choose freely,what they do with their
lives
Eg:Ten commandments
FAIRNESS APPROACH
IS
WI THIS
TH
AC
M
BE
Y A TIO
ST
? CTIN N CON
GA
S
T M ISTE
NT
Y
VIRTUE APPROACH
Ancient Approach
Ethical actions consistent
with some ideal
virtues(Beliefs)
Honesty,Courage,Compassion
Generosity,Tolerance,
Fidelity,Self
control
WHAT
KIND OF PERSON
WILL I BECOME IF I DO
THIS
BUSINESS ETHICS
Application of Every day moral or
Ethical norms to Business
Being Ethical requires acting with
awareness of how
Products and Services
Actions of Employees
Stake holder and society
NEED
Application of Ethics in Business
Authority to use Natural
Resources
Engaged in Social Contract
Business man-Trustee
Ethical Practice
Plant location
Environment Impact
Product
Pollution
No hoarding of finished
goods
Transportation
Safety Regulations
Advertising
Realistic Claims
Finance
Appreciation of Capital
Personnel
Equitable treatment
ETHICAL DILEMMAS
STAKEHOLDERS
A business stakeholder
will be anyone who
affects or is affected by
decisions made within the
firm for better or worse.
ETHICS
Refers not only to an academic
discipline, but to that arena of human
life studied by this academic discipline,
namely, how human beings should
properly live their lives.
An ethics course will not change your
capacity to think, but it could stimulate
your choices of what to think about.
Morality
Ethics is based on our value
structures, defined by our moral
systems.
Personal Integrity
SOCIAL ETHICS
Refers to how we live? in a
community.
A question of how a society and
social institutions, such as
corporations, ought to be
structured and about how we ought
to live together.
RISK ASSESSMENT
Practical reasoning
Reasoning about what we should do.
Theoretical Reasoning
Reasoning about what we should
believe.