Business Ethics
Business Ethics
Business Ethics
Business Ethics
የንግድ ሥነ-ምግባር
11/26/2022
Course guidebook
2
Course Name: Business Ethics
Credit Hour: 2
Instructor: Girma Negash (PhD candidate)
girmanegash21@gmail.com/girma.negash@bdu.edu.et
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The objective of the course
3
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Contents
4
Chapter 1: Introduction
1.1 What is ethics?
1.2 types of ethics, professional and business ethics
1.3 feature of business ethics
1.4 Principle of business ethics
1.5 Models of Management Ethics
1.6 advantage and disadvantage of business ethics
1.7 determinants of business ethics
4. Ethical dilemma
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Cont’d
5
2. Productivity
3. Legal issues
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Cont’d
6
2. Global competition
3. Corporate integrity
4. Consumer right
1. Expectations vs reality
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7
Chapter one
Introduction
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Objective of the chapter
8
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Our fables
10
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12
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Definition o ethics
13
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Cont’d
15
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Cont’d
16
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17
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Professional Ethics
18
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Types of professional ethics
20
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Cont’d
22
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Cont’d
23
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Cont’d
24
4. Applied ethics:
The ethical principles are designed or written for
implementation in a specific situation.
A. Bio ethics: These are the ethical principles or
codes for maintaining normal livelihood.
B. Medical ethics: The ethical principles or codes
designed for a medical profession.
C. Computer ethics: The ethical principles or codes
designed for a computer profession.
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Cont’d
25
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Business Ethics
27
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Cont’d
28
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Cont’d
29
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Cont’d
30
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Scope of business ethics
31
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Business Ethics – History
33
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Cont’d
34
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Cont’d
Graphic
Important Organizer
35
Ethical Questions
Does it violate the law or policies? YES UNETHICAL
NO
NO
NO
ETHICAL DECISION
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Business Ethics: What Does It Really Mean?
36
Business Ethics: Today vs. Earlier Period
Society’s
Expectations
of Business
Ethics
Ethical
Problem
Actual
Ethical Problem Business
Ethics
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Types of Business Ethics
37
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Cont’d
38
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Cont’d
39
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Cont’d
40
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Principles of Business Ethics
44
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Cont’d
46
Ethics Law
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Models of Management Ethics
52
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Cont’d
54
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Cont’d
55
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External Sources of a Manager’s Values
56
Religious values
Philosophical values
Cultural values
Legal values
Professional values
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Cont’d
57
Regions of
Fellow Workers Fellow Workers
Country
Family Profession
The Individual
Conscience
Friends Employer
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Major Determinants of Business Ethics
58
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Cont’d
60
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Cont’d
61
Transparency
Some businesses offer a trip to their production of products to
consumers to see how products are produced by adhering to
quality standards.
Similarly, many companies make some parts of their financial
reports and data public to ensure they are dealing ethically.
Many businesses are also known to be transparent towards
their employees to gain employee trust and build a better
relationship between employees and the industry.
One example is the marketing company HubSpot, which is
known to be transparent in sharing financial data and
strategies with their employees.
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Advantages of business ethics
62
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Disadvantages of Business Ethics
64
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WHO IS RESPONSIBLE FOR CREATING
ETHICS IN AN ORGANIZATION?
65
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Cont’d
66
Thank you!!!
End of the chapter
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Chapter two
Ethics in the work place
68
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Objective of the chapter
69
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Introduction
70
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Work Ethics for an Employee
73
To show up on time
To tend to company business the whole
time while at work
To treat the company’s resources,
equipment and products with care
To give respect to the company by working
with honesty and integrity
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Work Ethic Qualities
75
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Cont’d
76
A reliable employee:
Arrives at work on time
Keeps personal matters separate from business
matters
Works a full shift
Carries out a variety of assigned tasks without
constant prompting
Takes on extra work when necessary without
complaint
Gets enough rest to work effectively
Maintains good personal, physical and mental
health
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Cont’d
77
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Cont’d
78
Flexibility Teamwork
Honestly Reliability
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Code o conduct
79
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Code of ethics
80
Employee treatment
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Characteristics Of Work Ethics
84
1. Attendance
Attend workplace, arrives/leaves on time
Make advance notice for planned
absences
Punctuality
Utilizing the full work time.
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Cont’d
85
2.CHARACTER
Display loyalty, honesty, trustworthiness, reliability,
dependability, initiative, self discipline and self-
responsibility
3.TEAMWORK
Team worker, cooperative, assertive, display a customer
service attitude, continuous learning, mannerly
behavior
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4. APPEARANCE
Display appropriate dress, grooming, hygiene
and etiquette
5. ATTITUDE
Positive attitude, self confident, realistic
expectation of self
6. PRODUCTIVITY
- Safety practices, conserve materials, keep work area neat
and clean, follow directions and procedures
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87
7. Organizational Skill
Skill in personal management, time management,
prioritizing, flexibility, stress management and dealing with
chance
8. Communication: Appropriate verbal and non verbal skill
9. Cooperation: Display leadership, appropriate handle criticism
and complaints, demonstrate problem solving capacity, maintain
appropriate relationship with supervisors and peers, and follow
chain of command.
10. Respect: Respect the rights of others, deal appropriately with
cultural/racial diversity and not engaged in harassment of any
kind
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Business Abuse
88
Any :
Illegal Act
Unethical Act
Irresponsible Act done against an Employer
Results of Business Abuse
Higher prices
Business Failure
Unpleasant Working Conditions
Stress in personal life
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Cont’d
89
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Cont’d
90
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Cont’d
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Ways How Managers Can Instill Strong Work Ethics
Among Employees In A Workplace
92
2. Proper Mentoring:
Managers should set clear goals and objectives
regarding the organization's work ethics and code of
conduct.
3. Set a Good Example:
‘‘If ethics are poor at the top, that behavior is copied
down through the organization.’’ Robert Noyce
If you want to instill good work ethics among your
team, you must lead them from the front.
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Cont’d
94
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Cont’d
95
5. Professionalism:
The essense of professionalism is the focus upon the
work and its demands, while we are doing it, to the
exclusion of all else. ~Steven Pressfiled
Professionalism starts with trust, conduct, loyalty,
discipline, and hunger for excellence.
Employees with this work ethic take work
wholeheartedly and strive to bring excellence in
whichever position they are into.
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Cont’d
96
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Cont’d
97
6. Discipline;
It is one of the core elements of work-ethics, and
management must be very particular about this aspect.
When discipline becomes part of the company culture, it
will resonate with all your workforce employees.
Discipline begins with punctuality. Managers can put
particular emphasis on maintaining punctuality in the
organization.
Discipline helps maintain the decorum of the workplace.
Would you enjoy working in an environment with
constant chattering? Or can you concentrate on your
daily tasks with high disturbances? Thus, discipline helps
team members work efficiently towards desired goals
and objectives of the organization.
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Cont’d
98
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Cont’d
101
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Ethical Dilemma
102
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Characteristics of Ethical Dilemma
103
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Steps in Ethical Decision Making
104
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Advantages of Managing Ethics in Workplaces
105
1. Significant improvement to society
2. Cultivate strong team work and productivity- Employees
become motivated as they feel strong alignment between
their values and those of organisation.
3. Support employee growth- It supports the employees in
facing the entire situation whether good or bad.
4. Insurance policy – It ensures the employees that all the
policies are legal and all the employees are treated equally
in the organisation.
5. Avoid penal action-
6. Helps in quality management, strategic planning and
diversity management.
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107
Thank you!!!
End of the second chapter
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