The document discusses business ethics and social responsibility. It covers four key takeaways: 1) definitions of ethics and ethical behavior, 2) ethics in the workplace including ethical dilemmas, 3) maintaining high ethical standards through codes of conduct and whistleblowing, and 4) social responsibility and corporate social responsibility including sustainability and perspectives on social responsibility.
,
basic principles: ethics and business
,
ethics and morality
,
five characteristics of moral standards
,
what is business ethics?
,
types of ethical issues
,
moral reasoning
,
can ethical qualities be attributed to corporation
,
factors that mitigate moral responsibility
,
four steps leading to ethical behavior
,
arguments against business ethics
,
resolving cross-cultural ethical differences
,
kohlberg’s three levels of moral development
,
arguments supporting business ethics
,
new issues in business ethics
,
corporate social responsibility
This document summarizes key topics from Chapter 3 on ethical behavior and social responsibility. It discusses what ethical behavior is, ethics in the workplace including ethical dilemmas and influences on decision making. It also covers maintaining high ethical standards through tools like ethics training and codes of conduct. Finally, it addresses social responsibility including stakeholder management and perspectives, as well as corporate governance. The chapter examines these issues on both individual and organizational levels.
Ethical Behavior and Corporate Social Responsibility.pptxsaqib997836
This document discusses ethical behavior and corporate social responsibility. It defines ethical behavior as actions that conform to moral principles or values that distinguish between right and wrong. It also discusses how ethical dilemmas can complicate the workplace. Additionally, it examines how high ethical standards can be maintained through ethics training, whistleblowers, ethical role models, and codes of ethics. The document also defines corporate social responsibility as obligations of organizations to act in ways that benefit society. It explores how organizations and governments work together through various forms of regulation, lobbying, and corporate governance.
The document discusses the importance of ethics for businesses and individuals, the forces that shape ethical conduct, approaches to ethical decision making, and stakeholder social responsibility. It describes how cultural, legal, organizational, and individual factors influence ethics, and explains utilitarian, rights-based, and justice approaches to ethical judgments. The document also discusses how considering stakeholder interests can help businesses achieve long term sustainability and avoid regulatory pressures.
The document provides an overview of key concepts in business ethics. It discusses ethics and morality, defining ethics as the study of morality and morality as standards of right and wrong. It then covers the definition of business ethics, types of ethical issues, views on attributing ethics to corporations, arguments for and against business ethics, and frameworks for resolving cross-cultural differences in ethics. It concludes by outlining Kohlberg's stages of moral development and factors that influence ethical behavior and responsibility.
This document discusses ethics in management and business. It begins by defining ethics as moral principles that govern behavior and distinguishes right from wrong. It then discusses the need for business ethics, defining business ethics as the principles and standards that determine right and wrong conduct in business. The document provides characteristics of business ethics and discusses the relationship between ethics and culture. It also addresses ethical dilemmas in business and provides tips for dealing with them, including recognizing issues, getting facts, identifying options, and taking action. Overall, the document provides an overview of key topics relating to ethics in management and business organizations.
Ethical behavior refers to actions that are considered good and morally right according to prevailing standards. Ethical dilemmas in the workplace complicate decisions by presenting choices that benefit the individual or organization but may not be entirely ethical. High ethical standards can be maintained through ethics training, protecting whistleblowers, having ethical role models, implementing codes of ethics, and evaluating corporate social responsibility. Corporate social responsibility looks at a company's obligations to society beyond legal and economic requirements.
This document summarizes key concepts from Chapter 3 of a management fundamentals textbook. It discusses ethical behavior, ethical dilemmas in the workplace, maintaining high ethical standards through codes of ethics and training, the concept of corporate social responsibility and evaluating an organization's social performance, and how organizations and governments work together in society through regulation and lobbying. The presentation includes definitions, examples, and study questions to help students understand these important topics relating to ethics and social responsibility in management.
,
basic principles: ethics and business
,
ethics and morality
,
five characteristics of moral standards
,
what is business ethics?
,
types of ethical issues
,
moral reasoning
,
can ethical qualities be attributed to corporation
,
factors that mitigate moral responsibility
,
four steps leading to ethical behavior
,
arguments against business ethics
,
resolving cross-cultural ethical differences
,
kohlberg’s three levels of moral development
,
arguments supporting business ethics
,
new issues in business ethics
,
corporate social responsibility
This document summarizes key topics from Chapter 3 on ethical behavior and social responsibility. It discusses what ethical behavior is, ethics in the workplace including ethical dilemmas and influences on decision making. It also covers maintaining high ethical standards through tools like ethics training and codes of conduct. Finally, it addresses social responsibility including stakeholder management and perspectives, as well as corporate governance. The chapter examines these issues on both individual and organizational levels.
Ethical Behavior and Corporate Social Responsibility.pptxsaqib997836
This document discusses ethical behavior and corporate social responsibility. It defines ethical behavior as actions that conform to moral principles or values that distinguish between right and wrong. It also discusses how ethical dilemmas can complicate the workplace. Additionally, it examines how high ethical standards can be maintained through ethics training, whistleblowers, ethical role models, and codes of ethics. The document also defines corporate social responsibility as obligations of organizations to act in ways that benefit society. It explores how organizations and governments work together through various forms of regulation, lobbying, and corporate governance.
The document discusses the importance of ethics for businesses and individuals, the forces that shape ethical conduct, approaches to ethical decision making, and stakeholder social responsibility. It describes how cultural, legal, organizational, and individual factors influence ethics, and explains utilitarian, rights-based, and justice approaches to ethical judgments. The document also discusses how considering stakeholder interests can help businesses achieve long term sustainability and avoid regulatory pressures.
The document provides an overview of key concepts in business ethics. It discusses ethics and morality, defining ethics as the study of morality and morality as standards of right and wrong. It then covers the definition of business ethics, types of ethical issues, views on attributing ethics to corporations, arguments for and against business ethics, and frameworks for resolving cross-cultural differences in ethics. It concludes by outlining Kohlberg's stages of moral development and factors that influence ethical behavior and responsibility.
This document discusses ethics in management and business. It begins by defining ethics as moral principles that govern behavior and distinguishes right from wrong. It then discusses the need for business ethics, defining business ethics as the principles and standards that determine right and wrong conduct in business. The document provides characteristics of business ethics and discusses the relationship between ethics and culture. It also addresses ethical dilemmas in business and provides tips for dealing with them, including recognizing issues, getting facts, identifying options, and taking action. Overall, the document provides an overview of key topics relating to ethics in management and business organizations.
Ethical behavior refers to actions that are considered good and morally right according to prevailing standards. Ethical dilemmas in the workplace complicate decisions by presenting choices that benefit the individual or organization but may not be entirely ethical. High ethical standards can be maintained through ethics training, protecting whistleblowers, having ethical role models, implementing codes of ethics, and evaluating corporate social responsibility. Corporate social responsibility looks at a company's obligations to society beyond legal and economic requirements.
This document summarizes key concepts from Chapter 3 of a management fundamentals textbook. It discusses ethical behavior, ethical dilemmas in the workplace, maintaining high ethical standards through codes of ethics and training, the concept of corporate social responsibility and evaluating an organization's social performance, and how organizations and governments work together in society through regulation and lobbying. The presentation includes definitions, examples, and study questions to help students understand these important topics relating to ethics and social responsibility in management.
INTRODUCTION OF BUSINESS ETHICS (3).pptxakshay353895
This document provides an overview of business ethics and related concepts. It defines ethics, personal ethics, business ethics, and accounting ethics. It discusses the relationship between law and ethics. It also covers ethical decision making, principles of personal ethics, and motivation for being ethical. Normative theories in business ethics like utilitarianism, Kantian ethics, and egoism are introduced. The document also discusses how corporations can institutionalize ethics.
Unethical Practices and ethical dilemmas - IndiaNAITIK KASAVALA
Business ethics and corporate governance is an important part of any country. Despite having a strong foundation of law to protect this, a firm get window to run out from ethics.
This document provides an overview of key concepts in business ethics. It discusses ethics and morality, defines business ethics as the study of moral standards as they apply to business, and outlines common types of ethical issues businesses face. It also examines arguments for and against the need for business ethics in business. The document then explores models of moral development and factors that influence ethical decision making and behavior.
Ethics and Corporate Social Responsibility - BAFJay Mehta
This document discusses social responsibility and ethics for business. It covers stakeholder theory, corporate social responsibility, ethical decision-making, and how companies can encourage ethical behavior. Specifically, it defines key concepts like stakeholders, CSR perspectives, ethical dilemmas managers may face, and strategies companies use like codes of ethics and training to foster ethical culture. The implications for leaders are to make ethics and social responsibility a priority through various policies and communications with employees.
Identify ethical behavior and myths of ethics
Define the ethical dilemma
Familiar with resolving the dilemma
Identify the process of Ethical decision making
This document discusses business ethics and social responsibility. It defines business ethics as principles that guide acceptable conduct in business, and social responsibility as a business's obligation to benefit and limit harm to society. It identifies ethical issues as problems requiring moral choices. Common reasons employees don't report misconduct include fears of retaliation or not being taken seriously. The document outlines categories of ethical issues and questions to consider to determine if an action is ethical. It also discusses how individual values, management influence, and compliance programs shape ethical choices. Social responsibility involves economic, legal, ethical, and voluntary responsibilities to stakeholders.
This document discusses ethics and ethical behavior in organizations. It addresses key questions such as what constitutes ethical behavior, how ethical dilemmas arise in the workplace, and how organizations can maintain high ethical standards. Ethical behavior is defined as actions that conform to moral principles and are considered good and right. Upholding ethics helps organizations through benefits like developing trust with employees and customers. Techniques for maintaining ethics include training, role modeling by leaders, and establishing codes of conduct. The document also examines corporate social responsibility and how organizations should serve societal interests in addition to their own.
The document discusses the meaning and definitions of business ethics. It provides perspectives on what ethics means to different people and defines ethics as principles that guide right and wrong behavior. The document outlines responsibilities of business to various stakeholders like shareholders, employees, consumers, and community. It argues that good ethics promotes good business by increasing trust, productivity and profit in the long run. Law alone cannot protect society, ethics is also needed.
The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to have a positive influence on the world. The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits. Examples of common CSR objectives include minimizing environmental externalities, promoting volunteerism among company employees, and donating to charity
The document discusses business ethics and provides examples of ethical and unethical practices in business. It defines ethics as inner principles that guide moral behavior and decisions. Unethical practices mentioned include deception of customers, destruction of competition, inaccurate advertising, unfair treatment of employees and shareholders. The document emphasizes the importance of ethics for business success and outlines responsibilities of business towards various stakeholders. It argues that while profit is important, business must also consider ethics and its impact on society, environment and people.
Ethics refers to principles of conduct that guide behavior and decision-making. The document discusses different views on what ethics means, noting it is difficult to define. Ethics is not just about following feelings, religion, or laws. True ethics involves discerning what is right based on consistent reasoning. In business, ethics establishes principles and standards for appropriate behavior. Upholding ethics benefits businesses and society by promoting trustworthiness, professionalism and long-term profitability. The document outlines various responsibilities businesses have to shareholders, employees, customers, communities and the environment.
Ethics refers to principles of conduct that guide behavior and decision-making. The document discusses different views on what ethics means, noting it is difficult to define. Ethics is not just about following feelings, religion, or laws. True ethics involves discerning what is right based on consistent reasoning. In business, ethics refers to principles that guide decisions and behavior regarding responsibilities to shareholders, employees, customers, communities and the environment. Upholding strong ethics is important for business success and promotes values like trust, professionalism and productivity.
The document discusses ethics and behavior in organizations, including key ethical issues like employee and employer relations as well as the public's generally negative perception of business ethics. It also examines theories of ethics like utilitarianism and rights as well as international aspects of ethics such as cultural relativism versus ethical realism.
This document provides an overview of topics to be covered in Week 1 of a business ethics course, including: business ethics as ethical decision making and social responsibility; ethics and the law; and ethics as practical reason. It defines key terms like ethics, morality, norms and values. It discusses the importance of ethical decision making for organizations and individuals. It also distinguishes between descriptive and normative ethics, and explains the relationship between business ethics, law and corporate social responsibility.
This document provides an introduction to ethical theories and decision-making frameworks. It discusses major ethical philosophies like utilitarianism, deontology, and virtue ethics. It then presents a 9-step framework for making ethical decisions that involves describing the problem, determining if there is an ethical issue, identifying key values, gathering information, reviewing codes of ethics, determining options, selecting a course of action, implementing the plan, and evaluating results. Examples of ethical dilemmas in business contexts are also provided to illustrate the application of the framework.
This document provides an introduction to business ethics. It defines ethics as a set of moral standards or values to determine what is right or wrong. Business ethics applies ethical standards to business decisions and actions. There are two types of ethical problems in business - overt issues like bribery and theft, and more complex covert issues. The document outlines three models of management ethics and six stages of ethical consciousness that businesses may progress through. It also discusses factors like an individual manager's moral development and a company's culture and systems that can influence ethical choices. The benefits of practicing business ethics and approaches to ethical decision making are presented.
This document outlines the key activities and learning outcomes for Chapter 3 of a business ethics course. Students will complete readings on managing ethics and diversity, assignments applying ethical concepts to business cases, and in-class activities. They will analyze the Starbucks case on corporate social responsibility and watch a video case. The learning outcomes are to understand how ethics guide managerial decision-making regarding stakeholders, the central role of managers in ethics and diversity management, and the importance of corporate social responsibility.
Introduction to management groups g - i - managerial ethics and corporate s...Diego Thomas
This document provides an overview and summary of the key topics covered in a lecture on managerial ethics and corporate social responsibility. The lecture discusses:
1. Definitions of ethics and how it relates to behaviors governed by law and free choice.
2. Approaches to evaluating ethical behavior such as utilitarian, individualism, moral rights, and justice approaches.
3. Factors that influence ethical decision making for individuals and organizations.
4. The concept of corporate social responsibility and importance of balancing stakeholder interests.
A broad examination of ethics and of individual and definitive good decision-making initiatives in the use of information systems in a global perspective. This course aims to recognize ethical issues raised by existing and rising technologies, apply a sorted-out structure to analyze danger and decision choices, and appreciate the impact of individual ethics and various leveled characteristics on an ethical workplace. Students explore the technological underpinnings of associated technology systems, experiment with individual and group interaction with technologies, and examine the mechanics of ethical and unethical behaviors.
This document discusses ethics, corporate social responsibility, and environmental sustainability as they relate to business strategy. It covers several key points:
- There should be a link between a firm's strategy and its ethical and socially responsible behavior. Unethical strategies can harm profits and reputation.
- Ethical standards may be universal, relative to local cultures, or based on universal principles and local circumstances. Firms need strong codes of ethics regardless of location.
- Corporate social responsibility involves balancing responsibilities to shareholders, legal compliance, ethics, and philanthropic goals. Common initiatives include community support, environmental protection, and workforce diversity.
- Environmental sustainability strategies aim to protect resources for future generations and improve economic, environmental and social
Understanding the True Cost of Employment in 32 European CountriesBoundless HQ
All employers know that the cost to employ someone spans far beyond the gross salary. While you may understand the cost involved in your HQ country, getting to grips with that across borders can be a very significant undertaking.
To provide some clarity on this complexity, we hosted a webinar will be led by Dee Coakley, CEO and Co-Founder at Boundless, who brings extensive experience in managing cross-border employment.
During the webinar, we discussed:
1. The key components that contribute to the total cost of employment, from employer insurance to statutory benefits and other deductions
2. Detailed comparisons of employment costs across 32 European countries
3. Insights into how different tax structures affect the take-home pay of employees
4. The "cost-to-pay" ratio, providing a clearer understanding of what employers pay versus what employees receive
This session is designed for HR, Finance and Payroll professionals, looking to navigate the complexities of employment costs across borders.
CRYPTOCURRENCY REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE...itsfaizankhan091
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
June 20, 2024
CRYPTOCURRENCY: REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE
Cryptocurrency: Revolutionizing the Financial Landscape and Shaping the Future
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
#### The Genesis of Cryptocurrency
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
#### The Proliferation of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies, or altcoins, have emerged. Each of these altcoins aims to improve upon Bitcoin or serve specific purposes within the digital economy. Notable examples include Ethereum, which introduced smart contracts – self-executing contracts with the terms of the agreement
INTRODUCTION OF BUSINESS ETHICS (3).pptxakshay353895
This document provides an overview of business ethics and related concepts. It defines ethics, personal ethics, business ethics, and accounting ethics. It discusses the relationship between law and ethics. It also covers ethical decision making, principles of personal ethics, and motivation for being ethical. Normative theories in business ethics like utilitarianism, Kantian ethics, and egoism are introduced. The document also discusses how corporations can institutionalize ethics.
Unethical Practices and ethical dilemmas - IndiaNAITIK KASAVALA
Business ethics and corporate governance is an important part of any country. Despite having a strong foundation of law to protect this, a firm get window to run out from ethics.
This document provides an overview of key concepts in business ethics. It discusses ethics and morality, defines business ethics as the study of moral standards as they apply to business, and outlines common types of ethical issues businesses face. It also examines arguments for and against the need for business ethics in business. The document then explores models of moral development and factors that influence ethical decision making and behavior.
Ethics and Corporate Social Responsibility - BAFJay Mehta
This document discusses social responsibility and ethics for business. It covers stakeholder theory, corporate social responsibility, ethical decision-making, and how companies can encourage ethical behavior. Specifically, it defines key concepts like stakeholders, CSR perspectives, ethical dilemmas managers may face, and strategies companies use like codes of ethics and training to foster ethical culture. The implications for leaders are to make ethics and social responsibility a priority through various policies and communications with employees.
Identify ethical behavior and myths of ethics
Define the ethical dilemma
Familiar with resolving the dilemma
Identify the process of Ethical decision making
This document discusses business ethics and social responsibility. It defines business ethics as principles that guide acceptable conduct in business, and social responsibility as a business's obligation to benefit and limit harm to society. It identifies ethical issues as problems requiring moral choices. Common reasons employees don't report misconduct include fears of retaliation or not being taken seriously. The document outlines categories of ethical issues and questions to consider to determine if an action is ethical. It also discusses how individual values, management influence, and compliance programs shape ethical choices. Social responsibility involves economic, legal, ethical, and voluntary responsibilities to stakeholders.
This document discusses ethics and ethical behavior in organizations. It addresses key questions such as what constitutes ethical behavior, how ethical dilemmas arise in the workplace, and how organizations can maintain high ethical standards. Ethical behavior is defined as actions that conform to moral principles and are considered good and right. Upholding ethics helps organizations through benefits like developing trust with employees and customers. Techniques for maintaining ethics include training, role modeling by leaders, and establishing codes of conduct. The document also examines corporate social responsibility and how organizations should serve societal interests in addition to their own.
The document discusses the meaning and definitions of business ethics. It provides perspectives on what ethics means to different people and defines ethics as principles that guide right and wrong behavior. The document outlines responsibilities of business to various stakeholders like shareholders, employees, consumers, and community. It argues that good ethics promotes good business by increasing trust, productivity and profit in the long run. Law alone cannot protect society, ethics is also needed.
The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to have a positive influence on the world. The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits. Examples of common CSR objectives include minimizing environmental externalities, promoting volunteerism among company employees, and donating to charity
The document discusses business ethics and provides examples of ethical and unethical practices in business. It defines ethics as inner principles that guide moral behavior and decisions. Unethical practices mentioned include deception of customers, destruction of competition, inaccurate advertising, unfair treatment of employees and shareholders. The document emphasizes the importance of ethics for business success and outlines responsibilities of business towards various stakeholders. It argues that while profit is important, business must also consider ethics and its impact on society, environment and people.
Ethics refers to principles of conduct that guide behavior and decision-making. The document discusses different views on what ethics means, noting it is difficult to define. Ethics is not just about following feelings, religion, or laws. True ethics involves discerning what is right based on consistent reasoning. In business, ethics establishes principles and standards for appropriate behavior. Upholding ethics benefits businesses and society by promoting trustworthiness, professionalism and long-term profitability. The document outlines various responsibilities businesses have to shareholders, employees, customers, communities and the environment.
Ethics refers to principles of conduct that guide behavior and decision-making. The document discusses different views on what ethics means, noting it is difficult to define. Ethics is not just about following feelings, religion, or laws. True ethics involves discerning what is right based on consistent reasoning. In business, ethics refers to principles that guide decisions and behavior regarding responsibilities to shareholders, employees, customers, communities and the environment. Upholding strong ethics is important for business success and promotes values like trust, professionalism and productivity.
The document discusses ethics and behavior in organizations, including key ethical issues like employee and employer relations as well as the public's generally negative perception of business ethics. It also examines theories of ethics like utilitarianism and rights as well as international aspects of ethics such as cultural relativism versus ethical realism.
This document provides an overview of topics to be covered in Week 1 of a business ethics course, including: business ethics as ethical decision making and social responsibility; ethics and the law; and ethics as practical reason. It defines key terms like ethics, morality, norms and values. It discusses the importance of ethical decision making for organizations and individuals. It also distinguishes between descriptive and normative ethics, and explains the relationship between business ethics, law and corporate social responsibility.
This document provides an introduction to ethical theories and decision-making frameworks. It discusses major ethical philosophies like utilitarianism, deontology, and virtue ethics. It then presents a 9-step framework for making ethical decisions that involves describing the problem, determining if there is an ethical issue, identifying key values, gathering information, reviewing codes of ethics, determining options, selecting a course of action, implementing the plan, and evaluating results. Examples of ethical dilemmas in business contexts are also provided to illustrate the application of the framework.
This document provides an introduction to business ethics. It defines ethics as a set of moral standards or values to determine what is right or wrong. Business ethics applies ethical standards to business decisions and actions. There are two types of ethical problems in business - overt issues like bribery and theft, and more complex covert issues. The document outlines three models of management ethics and six stages of ethical consciousness that businesses may progress through. It also discusses factors like an individual manager's moral development and a company's culture and systems that can influence ethical choices. The benefits of practicing business ethics and approaches to ethical decision making are presented.
This document outlines the key activities and learning outcomes for Chapter 3 of a business ethics course. Students will complete readings on managing ethics and diversity, assignments applying ethical concepts to business cases, and in-class activities. They will analyze the Starbucks case on corporate social responsibility and watch a video case. The learning outcomes are to understand how ethics guide managerial decision-making regarding stakeholders, the central role of managers in ethics and diversity management, and the importance of corporate social responsibility.
Introduction to management groups g - i - managerial ethics and corporate s...Diego Thomas
This document provides an overview and summary of the key topics covered in a lecture on managerial ethics and corporate social responsibility. The lecture discusses:
1. Definitions of ethics and how it relates to behaviors governed by law and free choice.
2. Approaches to evaluating ethical behavior such as utilitarian, individualism, moral rights, and justice approaches.
3. Factors that influence ethical decision making for individuals and organizations.
4. The concept of corporate social responsibility and importance of balancing stakeholder interests.
A broad examination of ethics and of individual and definitive good decision-making initiatives in the use of information systems in a global perspective. This course aims to recognize ethical issues raised by existing and rising technologies, apply a sorted-out structure to analyze danger and decision choices, and appreciate the impact of individual ethics and various leveled characteristics on an ethical workplace. Students explore the technological underpinnings of associated technology systems, experiment with individual and group interaction with technologies, and examine the mechanics of ethical and unethical behaviors.
This document discusses ethics, corporate social responsibility, and environmental sustainability as they relate to business strategy. It covers several key points:
- There should be a link between a firm's strategy and its ethical and socially responsible behavior. Unethical strategies can harm profits and reputation.
- Ethical standards may be universal, relative to local cultures, or based on universal principles and local circumstances. Firms need strong codes of ethics regardless of location.
- Corporate social responsibility involves balancing responsibilities to shareholders, legal compliance, ethics, and philanthropic goals. Common initiatives include community support, environmental protection, and workforce diversity.
- Environmental sustainability strategies aim to protect resources for future generations and improve economic, environmental and social
Understanding the True Cost of Employment in 32 European CountriesBoundless HQ
All employers know that the cost to employ someone spans far beyond the gross salary. While you may understand the cost involved in your HQ country, getting to grips with that across borders can be a very significant undertaking.
To provide some clarity on this complexity, we hosted a webinar will be led by Dee Coakley, CEO and Co-Founder at Boundless, who brings extensive experience in managing cross-border employment.
During the webinar, we discussed:
1. The key components that contribute to the total cost of employment, from employer insurance to statutory benefits and other deductions
2. Detailed comparisons of employment costs across 32 European countries
3. Insights into how different tax structures affect the take-home pay of employees
4. The "cost-to-pay" ratio, providing a clearer understanding of what employers pay versus what employees receive
This session is designed for HR, Finance and Payroll professionals, looking to navigate the complexities of employment costs across borders.
CRYPTOCURRENCY REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE...itsfaizankhan091
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
June 20, 2024
CRYPTOCURRENCY: REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE
Cryptocurrency: Revolutionizing the Financial Landscape and Shaping the Future
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
#### The Genesis of Cryptocurrency
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
#### The Proliferation of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies, or altcoins, have emerged. Each of these altcoins aims to improve upon Bitcoin or serve specific purposes within the digital economy. Notable examples include Ethereum, which introduced smart contracts – self-executing contracts with the terms of the agreement
Introduction to Metro in India by cosmo soil.pptxcosmo-soil
The metro system in India is a vital part of urban mobility, providing eco-friendly, efficient, and affordable transportation. This article explores its history, benefits, and future developments, highlighting how metros enhance quality of life and drive urban development.
PFMS, India's Public Financial Management System, revolutionizes fund tracking and distribution, ensuring transparency and efficiency. It enables real-time monitoring, direct benefit transfers, and comprehensive reporting, significantly improving financial management and reducing fraud across government schemes.
Accounting for lease a lecture note power point pdfetebarkhmichale
ADVICE TO ALL EMPLOYEES
1. Build a home earlier. Be it rural home or urban home. Building a house at 50 is not an achievement. Don't get used to government houses. This comfort is so dangerous. Let all your family have good time in your house.
2. Go home. Don't stick at work all the year. You are not the pillar of your department. If you drop dead today, you will be replaced immediately and operations will continue. Make your family a priority.
3. Don't chase promotions. Master your skills and be excellent at what you do. If they want to promote you, that's fine if they don't, stay positive to your personal.
development.
4. Avoid office or work gossip. Avoid things that tarnish your name or reputation. Don't join the bandwagon that backbites your bosses and colleagues. Stay away from negative gatherings that have only people as their agenda.
5. Don't ever compete with your bosses. You will burn your fingers. Don't compete with your colleagues, you will fry your brain.
6. Ensure you have a side business. Your salary will not sustain your needs in the long run.
7. Save some money. Let it be deducted automatically from your payslip.
8. Borrow a loan to invest in a business or to change a situation not to buy luxury. Buy luxury from your profit.
9. Keep your life,marriage and family private. Let them stay away from your work. This is very important.
10. Be loyal to yourself and believe in your work. Hanging around your boss will alienate you from your colleagues and your boss may finally dump you when he leaves.
11. Retire early. The best way to plan for your exit was when you received the employment letter. The other best time is today. By 40 to 50 be out.
12. Join work welfare and be an active member always. It will help you a lot when any eventuality occurs.
13.Take leave days utilize them by developing yr future home or projects..usually what you do during yr leave days is a reflection of how you'll live after retirement..If it means you spend it all holding a remote control watching series on Zee world, expect nothing different after retirement.
14. Start a project whilst still serving or working. Let your project run whilst at work and if it doesn't do well, start another one till it's running viably. When your project is viably running then retire to manage your business. Most people or pensioners fail in life because they retire to start a project instead of retiring to run a project.
15. Pension money is not for starting a project or buy a stand or build a house but it's money for your upkeep or to maintain yourself in good health. Pension money is not for paying school fees or marrying a young wife but to look after yourself.
16. Always remember, when you retire never be a case study for living a miserable life after retirement but be a role model for colleagues to think of retiring too.
17. Don't retire just because you are finished or you are now a burden to the company and just wait for your day t
2. Takeaway 1: What Is Ethical Behavior?
• Ethics
– Moral code of principles.
– Set standards of “good” or “bad” or “right” or
“wrong” in one’s conduct.
• Ethical behavior
– What is accepted as good and right in the context
of the governing moral code.
3. Takeaway 1: What Is Ethical Behavior?
• Law, values, and ethical behavior:
– Legal behavior is not necessarily ethical behavior.
– Personal values help determine individual ethical
behavior.
5. Takeaway 1: What Is Ethical Behavior?
• Four alternative ethical views
– Utilitarian
• Delivers the greatest good to the most people
– Individualism
• Advances long-term self-interests
– Moral rights
• Maintains fundamental rights of all human beings
6. Takeaway 1: What Is Ethical Behavior?
– Justice view of ethics
• Fair and impartial treatment of people according to
legal rules and standards
– Procedural justice – policies and rules fairly applied
– Distributive justice – equal treatment for all people
– Interactional justice – people treated with dignity and
respect
– Commutative justice – fairness to all involved
7. Takeaway 1: What Is Ethical Behavior?
• Cultural issues in ethical behavior:
– Cultural relativism
• Ethical behavior is always determined by cultural
context.
– Moral absolutism
• Behavior unacceptable in one’s home environment
should not be acceptable anywhere else.
– Ethical imperialism
• Imposing one’s ethical standards on others.
Management 12e/ 7
8. The extremes of cultural relativism and ethical
imperialism in international business ethics.
9. Takeaway 2: Ethics in the Workplace
• An ethical dilemma
– occurs when choices, although having potential
for personal and/or organizational benefit, may
be considered unethical.
– Your co-worker asks you to cover for him so he
can sneak out of work early to go to his son’s
football game. Do you agree? If he went anyway,
would you keep silent?
10.
11. Takeaway 2: Ethics in the Workplace
• Ethical dilemmas include:
Discrimination
Sexual harassment
Conflicts of interest
Product Safety
Organizational resources
12. Checklist for ethical dilemmas
Step 1 Recognize the ethical dilemma.
Step 2 Get the facts and identify your options.
Step 3 Test each option: Is it legal? Is it right? Is it beneficial?
Step 4 Decide which option to follow.
Step 5 Ask the Spotlight Questions: To double check your decision.
• “How would I feel if my family found out about my decision?”
• “How would I feel if my decision was printed in the local paper or posted online?”
Step 6 Take action
13. Takeaway 2: Ethics in the Workplace
• Influences on Ethical Decision Making
– Ethical framework
• Provides personal rules or strategies for ethical
decision making
• Includes personal values
– Honesty
– Fairness
– Integrity
– Self-respect
16. Takeaway 2: Ethics in the Workplace
• Situational Context and Ethics Intensity
– Will the situation pose an important ethic
challenge?
17. Issue Intensity
• The six factors suggest that:
– the larger the number of people harmed
– the more agreement that the action is wrong
– the greater the likelihood that the action will cause harm
– the more immediately the consequences of the action will
be felt
– the closer the person feels to the victim
– The more concentrated the effect of the action on the
victim(s)…
• The greater the issue intensity or importance
18. Takeaway 2: Ethics in the Workplace
• Organizational Culture
– What is considered ethical behavior within the
organizational context?
• What are the expectations of management?
• What are the expectations of co-workers?
• Is there a code of ethics?
• Code of ethics: a formal statement of an organization’s
primary values and the ethical rules it expects its employees
to follow
• The effectiveness of a code of ethics depends heavily on
whether management supports them and how employees
that violate the codes are treated
19. Takeaway 2: Ethics in the Workplace
• External environment
Government laws
and regulations
(Sarbanes/Oxley
Act of 2002)
Societal norms
and values
Competitive
climate in an
industry
20. Takeaway 2: Ethics in the Workplace
• Ethical behavior can be rationalized by
convincing yourself that:
Behavior is not really illegal.
Behavior is really in everyone’s best interests.
Nobody will ever find out.
The organization will “protect” you.
21. Takeaway 3: Maintaining High Ethical Standards
•Moral Management
Managers behave in one of three
ways
22. Takeaway 3: Maintaining High Ethical Standards
• Ethics training:
– Structured programs that help participants to
understand ethical aspects of decision making.
– Helps people incorporate high ethical standards
into daily life.
– Helps people deal with ethical issues under
pressure.
23. Takeaway 3: Maintaining High Ethical Standards
• Codes of Ethical Conduct
– Formal statement of an organization’s values and
ethical principles regarding how to behave in
situations susceptible to the creation of ethical
dilemmas
24. Takeaway 3: Maintaining High Ethical Standards
• Areas often covered by codes of ethics:
Bribes and kickbacks
Political contributions
Honesty of books or records
Customer/supplier relationships
Confidentiality of corporate information
25. Takeaway 3: Maintaining High Ethical Standards
• Whistleblowers
– Expose misdeeds of others to:
• Preserve ethical standards
• Protect against wasteful, harmful, or illegal acts
– an individual who, without authorization, reveals
private or classified information about an
organization, usually related to wrongdoing or
misconduct.
– No specific whistleblower legislation yet exists in
Turkey.
26. Takeaway 3: Maintaining High Ethical Standards
• Barriers to whistleblowing include:
– Strict chain of command
– Strong work group identities
– Ambiguous priorities
27. Takeaway 4: Social Responsibility
• Sustainability:
– acting in ways that support a high quality of life
for present and future generations
• Alternative energy
• Recycling
• Waste avoidance
28. Takeaway 4: Social Responsibility
• Corporate social responsibility and
governance:
– Looks at ethical issues on the organization level.
– Obligates organizations to act in ways that serve
both its own interests and the interests of society
at large.
29. How Organizations Go Green
• Legal (light green) approach
• Market approach
• Stakeholder approach
• Activist approach
• Green management: managers consider the impact of
their organization on the natural environment
30. Takeaway 4: Social Responsibility
• Perspectives on social responsibility:
– Classical view
• Management’s only responsibility is to maximize
profits.
– Socioeconomic view
• Management must be concerned for the broader
social welfare, not just profits.
31. Takeaway 4: Social Responsibility
• Perspectives on social responsibility:
– Shared value view
• Approaches business decisions with the understanding
that economic and social progress are interconnected
• Virtuous circle-socially responsible behavior improves
financial performance which leads to more
responsible behavior
32. Takeaway 4: Social Responsibility
Arguments against social
responsibility:
• Reduced business
profits
• Higher business costs
• Dilution of business
purpose
• Too much social power
for business
• Lack of public
accountability
Arguments in favor of
social responsibility:
• Adds long-run profits
• Improved public image
• Avoids more
government regulation
• Businesses have
resources and ethical
obligation
33. Four strategies of corporate social responsibility—
from obstructionist to proactive behavior.
34. Exhibit 6.8 The Ten Principles of the UN Global Compact (1 of 2)
Principle Number Principle Text
Human Rights
Principle 1 Business should support and respect the protection of internationally
proclaimed human rights within their sphere of influence; and
Principle 2 Make sure they are not complicit in human rights abuses.
Labor Standards
Principle 3 Business should uphold the freedom of association and the effective
recognition of the right to collective bargaining;
Principle 4 The elimination of all forms of forced and compulsory labor;
Principle 5 The effective abolition of child labor; and
Principle 6 The elimination of discrimination in respect to employment and
occupation.
Exhibit 6.8 shows the UN Global Compact, which
asks companies to embrace, support, and enact,
within their sphere of infuence, a set of core
35. Exhibit 6.8 The Ten Principles of the UN Global
Compact (2 of 2)
Principle Number Principle Text
Environment
Principle 7 Business should support a precautionary approach to environmental
challenges;
Principle 8 Undertake initiatives to promote greater environmental responsibility; and
Principle 9 Encourage the development and diffusion of environmentally friendly
technologies.
Anti-Corruption
Principle 10 Business should work against corruption in all its forms, including extortion
and bribery.
Exhibit 6.8 shows the UN Global Compact, which asks companies to embrace, support, and enact,
within their sphere of infuence, a set of core values in the areas of human rights, labor standards,
the environment, and anti-corruption.
36. Exhibit 6.4 Helping You Make Ethical Decisions
When faced with an ethical dilemma, consider using one or more of these
tests:
• The Golden Rule Test: Would I want people to do this to me?
• The What-If-Everybody-Did-This Test: Would I want everyone to do this?
Would I want to live in that kind of world?
• The Family Test: How would my parents/spouse/significant other/children
feel if they found out I did this?
• The Conscience Test: Does this action go against my conscience? Will I feel
guilty afterwards?
• The Front Page/Social Media Test: How would I feel if this action was
reported on the front page of my hometown newspaper or splashed
across social media outlets for all to see?
雅虎竞拍
煤炉代买
paypay商城
乐天二手
日本亚马逊
乐天新品
ZOZOTOWN
