Ethics Myths about Business Ethics Business ethics is the study of proper business policies and practices regarding potentially controversial issues such as corporate governance insider trading bribery discrimination corporate social responsibility and fiduciary ID: 708100
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Presentation Of Business Ethics
Myths about Business EthicsSlide2
Business ethics is the study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. (www.investopedia.com)
Business ethics are moral principles that guide the way a business behaves.
Business EthicsSlide3
Myths about Business EthicsWe learn ethics as little kids, not as adultSitting in behavior does not change your behavior; only incentive change your behavior
We all know what is right and it is just a matter of doing it.
Ethics is a matter of opinion: it’s just a matter of personal values. There is no objectivity.Slide4
MYTH 1We learn ethics as little kids, not as adultEthical maturity grows with cognitive maturity
Ethics requires brainpower
Developmental psychology verdicts that people become more ethical as they grow older,
People start learning ethics from childhood,Slide5
MYTH 2Sitting in behavior does not change your behavior; only incentive change your behaviorIs this true? If this was true, then why children are sent to school? Why we learn BBA?
Learning brings relatively permanent change in behavior caused due to practice.
Why offices give training and conduct seminars? Slide6
MYTH 3We all know what is right and it is just a matter of doing it.Right and wrong is the matter of personal choice
Society must approve our decision as a whole
If we know what is right then why we often be heinous act?If we all know what is right and act faultlessly then why we learn ethics?Slide7
MYTH 4Ethics is a matter of opinion: it’s just a matter of personal values. There is no objectivity.Ethics is the matter of personal values or personal judgment of what is right or wrong.
It’s associated with moral reasoning, however, the reasoning must be accept by a large number of people or society.Slide8
MYTH 5Ethics and Business do not mix
Ethics and Business are separate things,
Business has major objective of earning profit and everything else is secondary,If law is fulfilled then we are ethical,Slide9
MYTH 6Ethics in business is relative
Ethics in business is not compulsory
Ethics is contingent in business,Ethics is applied in accordance to the demand of situationSlide10
OTHER MYTHS Business ethics is more a matter of religion than management
Business ethics is a discipline best led by philosophers, academics and
theologiansBusiness ethics is superfluous. It only asserts the obvious: ‘Do Good’
Business ethics is the new policeperson on the
block
Business ethics is a matter of the good guys preaching to the bad
guysSlide11
Ethics can’t be managed
Business ethics and social responsibility is the same thing
Our organization in not in trouble with the law, so we’re ethical
Managing ethics in the workplace has little practical relevance
OTHER MYTHS
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