Ethics Group Presentation

8/8/2019 Ethics Group Presentation

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ETHICAL ISSUES IN BUSINESSETHICAL ISSUES IN BUSINESS

PRESENTED BY:

Saad Khan KakerzaiZain Hassan

Noureen Fatima

Anum Mazhar

Areeba Javed


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ETHICSETHICS

Ethics is about a concepts of:

Good and Bad The Noble and the Ignoble Right and Wrong Justice and Virtue


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3D OF ETHICS3D OF ETHICS

Unitarian View Of Ethics :Unitarian View Of Ethics :Business is a part of moral structure and moralBusiness is a part of moral structure and moral

ethics.ethics.

Separatists View Of Ethics :Separatists View Of Ethics :Morality and ethics have no role in business.Morality and ethics have no role in business.

Society and law deals with ethics and moralitySociety and law deals with ethics and morality..

Integrated View Of Ethics :Integrated View Of Ethics :Ethical behavior and business should be integratedEthical behavior and business should be integrated

in a new era called Business Ethicsin a new era called Business Ethics..


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BUSINESSETHICSBUSINESSETHICS

The value of what should be done and what

should not be done from the businesspoint of view.


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ETHICALISSUES FOR BUSINESSETHICALISSUES FOR BUSINESS

Unauthorized payments

Product safety standards

Advertising contents

Working environment

Employees privacy

Environmental issues


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UNAUTHORIZED PAYMENTSUNAUTHORIZED PAYMENTS

Bribing powerful officials in order to get bids

and tenders accepted and bribing competitoremployees to get informational leaks is a seriousethical issue in business. In fact, it is a crime

that is legally punishable in most countries

today.


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PRODUCTSAFETYSTANDARDSPRODUCTSAFETYSTANDARDS

Some industries consciously omit the details

of the side effects of the usage of theirproducts from the product packaging whilesome indulge in controversial practices like

animal testing.


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ADVERTISINGCONTENTSADVERTISINGCONTENTS

Some companies advertise in such away that the actual product is

different from what the customer hadseen in advertisement.


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WORKINGENVIRONMENTWORKINGENVIRONMENT

Forcing labor to work at below minimumwages.

Sweatshop work conditions. Violation of worker rights and not complying

with health. Safety and environmental standards are

some common current ethical issues inbusiness.


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ENVIRONMENTALISSUESENVIRONMENTALISSUES

Some of the environmental issues are: Water pollution. Air pollution. Noise pollutions. Land degradation.

Land Degradation: Unsustainable felling of

trees and exploitation of water can lead todesertification of presently habitable regionswhile destruction of mangroves and otherpractices can lead to erosion of coastal areas.


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ETHICSIMPORTANCEETHICSIMPORTANCE

It involves :

Honesty Keeping Promise Helping others Respecting others

It helps to grow successful business It increases reputation.


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UNETHICALBUSINESSIMPACTSUNETHICALBUSINESSIMPACTS

If the business is not running ethically then

it will bear a heavy loss ( fines ) and shouldlose the reputation of the business in theeyes of stakeholders.


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CONCLUSIONCONCLUSION

Business should be ethical :

Meet the demands of business stakeholder.

To enhance business performance.

To prevent no harm.


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QUERY SESSIONQUERY SESSION

Documents

Ethics Group Presentation