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Ethics
&
Social Responsibilities
What, then, are ethics?
• A set of principles outlining a behavioral code that
lays out what is good and right or bad and ...
Legal vs. Ethical
• The law provides boundaries for defining
what activities are illegal
• The law, however, does not nece...
Ethics within businesses
• Many businesses develop their own codes
of ethics or conduct
• These codes outline what employe...
The “Ethics Check”
1. Is it legal
2. Is it balanced/fair/win-win
3. How will it make you feel about yourself?
 will it ma...
Outline for a Code of Ethics
Over all, a code of ethics should be a formal statement of a
business’s values concerning eth...
Outline for a Code of Ethics
4. Trust: to build confidence through teamwork and open,
honest communication.
5. Responsibil...
Being Socially Responsible
• It is not enough to be ethical, or do the right thing
anymore
• Businesses are now expected t...
Movie – The Pursuit of Happiness
This film is based on a true
story
As you watch the film, make
notes of how business man
...
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Ethics & Social Responsibility

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This PPT explains ethics in Business and Outline for a Code of Ethics.

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Ethics & Social Responsibility

  1. 1. Ethics & Social Responsibilities
  2. 2. What, then, are ethics? • A set of principles outlining a behavioral code that lays out what is good and right or bad and wrong • May outline obligations and appropriate moral actions for both the individual and the organization • Ethics does not just apply to business • It may be difficult for individuals or groups in society to agree upon what is right and wrong
  3. 3. Legal vs. Ethical • The law provides boundaries for defining what activities are illegal • The law, however, does not necessarily outline what is “ethical”
  4. 4. Ethics within businesses • Many businesses develop their own codes of ethics or conduct • These codes outline what employees are to do in order to carry out what the company sees as the “right thing to do” in various circumstances
  5. 5. The “Ethics Check” 1. Is it legal 2. Is it balanced/fair/win-win 3. How will it make you feel about yourself?  will it make you feel proud?  would you feel good if your decision was published in the local newspaper?  would you feel good if your family knew about it?
  6. 6. Outline for a Code of Ethics Over all, a code of ethics should be a formal statement of a business’s values concerning ethics and social issues. It commonly speaks to acceptable norms of behavior, guided by six areas of concern: 1. Honesty: to be truthful in all your endeavors; to be honest and forthright with one another and with customers, communities, suppliers, and other stakeholders. 2. Integrity: to say what you mean, to deliver what you promise, and to stand up for what is right. 3. Respect: to treat others with dignity and fairness, appreciating the diversity of the people you deal with and their uniqueness. Contd…
  7. 7. Outline for a Code of Ethics 4. Trust: to build confidence through teamwork and open, honest communication. 5. Responsibility: to speak up — without fear of retribution — and report concerns in the workplace and elsewhere, including violations of laws, regulations, and company policies. 6. Citizenship: to obey all laws of the countries where you do business and to improve the communities where you live and work.
  8. 8. Being Socially Responsible • It is not enough to be ethical, or do the right thing anymore • Businesses are now expected to act in a socially responsible manner – they need to be good citizens as well as give back to the societies (including global) in which they exist. • Can you think of a company that is socially responsible? • There are financial benefits to being a “socially responsible” company or organization. What might some be?
  9. 9. Movie – The Pursuit of Happiness This film is based on a true story As you watch the film, make notes of how business man Chris Gardner chooses to reach success based on his ethics and hard work, rather than cutting corners and unethical actions.

This PPT explains ethics in Business and Outline for a Code of Ethics.

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