Business Ethics Flashcards
Scheme
of
Internal
Assessment:
marks
for
b)
Robert
c)
Krik O Hanson :
d)
Investopedia :
a.
Ethical Values
b.
Code of conduct
c.
Subjective Term
d.
Protection of Interest of the Stakeholders
e.
Respect with dignity
f.
Proper set-up
g.
Based on Principles
h.
Universal Applications
i.
Self Discipline
j.
Different Approach from CSR
k.
Different from Business Law practices
a.
Ethical Values :-
aware
about
tried
its
b.
Code of conduct :-
c.
Subjective Term :-
based
on
There
are
d.
Protection of the Interest of the Stakeholders :-
After
attaining
protect
the
e.
Respect with dignity :-
income,
class,
f.
Proper set-up :-
g.
Based on Principles :-
h.
Universal Applications :-
on
proper
differ
from
i.
Self Discipline :-
welfare
of
social
attitude,
very
much
one
point
j.
Different approach from CSR
aspects
of
focusing
on
k.
Different from Business Law :-
1
Survival :-
viable
or
2
Consumer rights :-
will
get
3
Welfare of the Society :-
of
goods
social
welfare,
4
Protection of S.S.I. & Cottage Industry:-
units
should
5
Mutual benefits:-
6
Growth and Expansions:-
7
Decision making:-
will
enable
on
moral
(v)
It is a branch of
(vi)
It formulates harmony in
(vii)
Indian scriptures, cultural
(viii)
Fair deals in day to day
moral
approaches
common
–
they
carry
be
helpful
inturn
productivity
when
they
and
integrity
It
brings
among
the
loyalty
of
bring
sincerity,
the
outline
for
behaviour
Code
of
while
drafting the code of
but
in
1)
Customization of Code of ethics:-
2)
Employee Involvement:-
3)
Consultation with stakeholders:-
ethics.
It
4)
Careful outsourcing:-
there
should
5)
Clarity about vision and mission:-
level
to
and
sincerely.
6)
Revision of code:-
the
organisation.
its
own
the
independent
To inculcate ethical values throughout organisation.
To
To inculcate seriousness among employees about administering
To built up constant rape or communication and demonstrations
To built reinforcement of an ethical culture.
It
Relating
Effective
It
It
It
It
It
It
It
It
1)
Deontological theories which emphasizes more in duly.
2)
Teleological ethical theories which focus on consequences.
(1)
Deontological theories which emphasize more in duly:-
-
Duly without regard to human happiness
-
Human being as having the unique capacity for nationality.
-
No
(2)
Teleological
This
is
(3)
Utilitarian Approach:-
as
a
an
action.
(4)
Virtue Theory:-
this
theory
(5)
Modern Virtue Theory:-
went
out
-
What we ought to do is an obligation.
-
This
-
‘Ought’
-
Virtues can’t be applied for day to day business unconditionally.
-
Concealment
-
Honesty in business will not be same in other Spheres of Life.
(6)
Justice Theory:-
-
It is also known as fairness approach.
-
All
-
Justice depends on principle of equity not on consequences.
-
Later
-
According
-
Each
-
Social
(7)
Theory of egoism:-
-
‘I’ means ego.
-
It holds that good is based on pursuit of self-interest approach.
-
It counts, harms, benefits and rights for individual welfare.
then
students
(8)
Theory of Relativism:-
-
It inculcates the idea of elements culture.
-
It considers that there are no absolute truths in ethics.
-
What is morally right or wrong varies from person to person.
-
Killing
-
Introduction -
is
based
-
He promoted two principles.
*
It
-
He stated further:-
-
Social
-
Social
-
There is only one social responsibility is to say, engages in open
-
Companies
-
avoid
-
It
-
He proclaimed on Rate of Investment.
-
Counterpoint
-
Conclusion of this theory:-
Introduction:-
-
One
-
Method for deriving moral rules and guidelines.
-
For
-
He
-
Act
-
One can act as per the needs of requirement.
-
Treat Humanity always as means as well as an end.
1)
Jerry Bentham’s view.
2)
J. S. Mill’s view.
(1)
J. Bentham’s approach:-
-
Recognition the fundamental role of pain and pleasure
-
approve or disapprove the action on the basis of above aspects.
-
equates good with pleasure and evil with pain.
-
Ascertainment of capacity of pleasure and pain.
-
Pleasure
(2)
J. S. Mill’s view:-
-
Hedonism
-
Psychological hedonism:-
-
Logic of ethical hedonism:-
-
The
-
Altruism:-
-
Person’s
is
the
law
of
be
trustees
be
taken
-
Be
-
Do
-
Be
-
Be
-
Be
-
Be faithful towards, society where you operate your business.
-
No indulgement in deception, poaching into created wealth.
-
No
-
Do
-
Do
-
Do
gives
new orientation
-
presenting
-
The word ‘Satya’ is combination of
