Business Ethics and Social Responsibility

PRESENRED BY:

ROHINI S. SADRE [5746] PRATIKSHA S. PATIL [5747] CHAITALI S. JOG [5745] SAPANA C. MUNDHE [5739] JUILEE M. KELKAR [5725]

GUIDANCE BY: KAVITA MAM

OUTLINE
MEANING OF ETHICS BUSINESS ETHICS FACTORS THAT AFFECT BUSINESS ETHICS IMPORTANCE OF ETHICS IN BUSINESS ETHICS & MORALITY

ETHICS AND CORPORATE GOVERNANCE

ETHICAL CASES UNETHICAL CASES CONCLUSION

Meaning of Ethics
Ethics is derived from Greek word

ETHOS, it means Character or manners.

objective.

Ethics is subjective while morality is

FROM WHERE THE ETHICS COMES

RELIGIONS ENVIRONMENT PARENTS AND TEACHERS

REQUIREMENTS FOR ETHICS IN

ORGANIZATION CLEAR VISION OPEN COMMUNICATION ETHICAL TEAMS COMMITMENT TO ETHICS

Business Ethics
The value of what should be done

and what should not be done from the business point of view

Ethical Decisions Equitable (Justice to all) Morally correct Good & fair Appropriate to situation (Wipro Case)

Importance of Ethics in Business

Ethics corresponds to basis human needs It creates credibility with the public It gives management credibility with the employees It helps in better decision making Law cannot protect society, but ethics can.

Ethical issues for business

Product safety standards

Advertising contents
Working environment

Unauthorized payments
Employees privacy Environmental issues

3D of Ethics.
UNITARIAN VIEW OF ETHICS

Business is a part of moral structure and moral ethics.

SEPARATISTS VIEWS OF ETHICS

Morality and ethics has no role in business. Society and law deals with ethics and morality.
INTEGRATED VIEW OF ETHICS

Ethical behavior and business should be integrated in a new era called Business Ethics.

Ethics and morality

Ethics is about field or domain of enquiry

while morality is the object of enquiry. Ethics or behavior accepted with in a group is recorded as credos espoused value of group/Orgn. When espoused value become practiced values, then the group is said to be ethical Organisation.

ETHICS AND CORPORATE GOVERNANCE

Deals with determination what is right',"

fair, prior and just" in decisions and actions made that affect stake holders. It focuses on the business relationship with employees, customers, stockholders, creditors, suppliers and member of the society in which it operates.
Corporate ethics , is a matter of

leadership.
Adhere to corporate credos-code of

conduct.

4 M- CSR Corporate

Four M of corporate social responsibility taken up Meaningful projects Managing the projects Monitor projects Measure projects

ETHICAL CASES

NABARD helps 101 million poor people through micro

finance program, providing access to credit.

BPCL provides alternate source of energy, solar energy for

street lights at villages,

BANK OF INDIA, focuses on below poverty line, adopted

101 villages .makes use of four M with NGO for various services.

UNETHICAL CASES

1.Satyam Case 2.Coca Cola and Pepsi

Conclusion
In order to Win the game, you need to plan. To plan, information is imperative. Get it through legal and ethical means. Its fact that to win consistently, you need to play by rules. In life, play hard and play fair. In life and Business, Ethical Standard Must be Set, Ethical Standard Must be Met.

REFERANCE
Business ethics & corporate responsibilities by Riya Rupani www.wikipedia.com
www.scribd.com