ethics in business

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humanity is gifted with senses to understand rights and wrongs in any definitions of relation,

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Ethics is a challenge or a Helping Tool? : 

Ethics is a challenge or a Helping Tool? In Business when you are dealing with masses, your professional problems becomes your personal… and your professional decision becomes the outcome of your personal experiences with similar circumstances in the past… then your inclination towards you ethical belief systems starts working… And for that reason management scholar must understand and apply the study of ethics…

Slide 2: 

The objective of studying ethics in the classroom is broaden your thought process for the real time situation when you would be facing some ethical dilemma.

Ethics Classification : 

Ethics Classification Normative Ethics: Determining wrong & Right Applied Ethics: Analysis of Specific Human action. Meta-Ethics: Conceptual Scope or Philosophy

Ethical Values: A global Imprint : 

Ethical Values: A global Imprint Manners & etiquettes : - Indicators of Values One Humanity Many Values: Results Ethical Dilemmas Universal Vs. Particular Values.

Ethical Values: A global Imprint : 

Ethical Values: A global Imprint Manners & etiquettes : - Indicators of Values One Humanity Many Values: Results Ethical Dilemmas Universal Vs. Particular Values.

Illusion of Ethics : 

Illusion of Ethics Value Free Ethics Business, Macro-decisions, only money Ethics as a Principle Physical laws, Chess Ethics as a code of conduct Impearls, Army, Corporates Ethics of Law Capital punishment, wars, out of court settlements Ethics of Compassion Mercy and loose punishment. Important principles may & must be inflexible Abraham Lincoln

Ethics for Extremists : 

Ethics for Extremists Aristotle Nazi Facsi Jihad When one man/woman strongly believe about something that it is right… while rest of world says it is wrong.

Slide 8: 

Absolute (same rule applies irrespective of circumstances) Extremist, fundamentalist Hitler, Laden, Mh. Gandhi, Lord Ram Relativistic (Circumstances deviates decisions) Modernistic, Secularist Zorba, Osho, Lord Buddha, Lord Krishna

Theories of Ethical System : 

Theories of Ethical System Teleological (Ethics is justified in the outcome or consequences of any event) Democracy, Cooperatives Deontological (Ethics is justified in the process or continuation of any event) Aristocratic, Capitalistic Hybrid Theories (Both Above) Communistic, Mixed

Teleological Theory of EthicsJeremy Bentham(1748-1832) & Stuart Mill (1806-1873) : 

Teleological Theory of EthicsJeremy Bentham(1748-1832) & Stuart Mill (1806-1873) Ethics is justified in the outcome or consequences of any event Utilitarianism (Democracy), Distributive Justice (Cooperatives) Good for masses, Majority is Happy But what is good or bad with the masses? How one could define Happiness of the Masses? Veil of ignorance. Moderate Happiness of majority could be the acute pain for minority!

Utilitarianism & Totalitarianism : 

Utilitarianism & Totalitarianism The first is a value of that seeks happiness in numbers and sacrifices the legitimate and inviolable rights of those who are not a part of the greatest numbers. The other one is a socialistic order of a cress form of distributive justice. Where the fruit of labor is equally shared with less or more able. It holds everything under one control.

Deontological Theory of EthicsGerman Philosopher Emmanuel Kant (1724-1804) : 

Deontological Theory of EthicsGerman Philosopher Emmanuel Kant (1724-1804) Ethics is justified in the process or in the continuation of any event Aristocratic, Capitalistic, Gandhi'sm A person of goodwill decides right or wrong on the basis of “Categorical Imperatives (Universalism)” Aristotle’s (Ethics of Virtue) Courage, Self-Control, Generosity, Magnificence, High-Mindedness, Modesty

Hybrid Theories of Ethical System : 

Hybrid Theories of Ethical System God thought if I will create a world based on attribute of mercy alone then sinners will greatly multiply. And if based on attributes of justice alone then how could the world endure… so did, the almighty, created a world based on both the attributes. Judean Holy book

Meta physics of morals : 

Meta physics of morals Does morality means blind obedience? What roles does human reasoning plays in in making ethical choices? Is Freedom against morel actions?

Pragmatism & Ethics : 

Pragmatism & Ethics Capitalist The best any government can do with the economy is to set it free. By Warren Buffet Not bothering the problems of attaining the most idealistic situation rather getting the job done by whatever means is possible is pragmatism in business sense.

Morality of Law : 

Morality of Law Justice by intention Justice by Action Justice by Morality Justice by Law

International Ethics Standard For Business : 

International Ethics Standard For Business

Capitalism : 

Capitalism

Communism : 

Communism

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