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    Shahzad Azeem (02) Sehrash Basheer (34) Presented To Dr. Hasan Bucha

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    business ethics

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    Shahzad Azeem (02) Sehrash Basheer (34) Presented To Dr. Hasan Bucha

    Uploaded by

    sehrash bashir
    34 views20 pages
    business ethics

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    Shahzad Azeem

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    business ethics

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    34 views20 pages

    Shahzad Azeem (02) Sehrash Basheer (34) Presented To Dr. Hasan Bucha

    Uploaded by

    sehrash bashir
    business ethics

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 20

    SHAHZAD AZEEM (02)

    SEHRASH BASHEER(34)

    Presented to
    Dr. hasan bucha
    Business ethics
    Ethics definition;

    Ethics is the study of what is right or good human


    conduct.
    Ethics is the science of moral judgment.
    What is Business Ethics?
    Business ethics is the study of business situations, activities, and decisions where issues of
    right and wrong are addressed.
    Business Ethics is the evaluation of Business in terms of certain ethical principles and
    norms.
    Relation between Ethics and
    Business Ethics
    Ethical theories offer various concepts like
    deonticism, utilitarianism, consequentialism,
    morality, value and virtues.
    Ethical theories provide a set of analytical guidelines
    and moral standards.
    The building up of ethical models (framework)
    about ethical decision-making, ethical audit, solving
    ethical dilemmas and so on.
    Nature of Business Ethics

    Code of conduct
    Based on moral and social values
    Gives protection to social groups
    Provides basic framework
    Voluntary
    Requires education and guidance
    Relative Term
    New concept
    Importance Of Business Ethics

    Broad framework
    Trust building
    Good social image
    Improves and strengthens organizational culture
    Strategic value and decision-making goals of a business concern with ethical
    beliefs and values rather balance sheet or profit mark up
    Sense of empowerment and security
    Strong team work.
    Code of Conduct in Business
    Code of conduct in business is important to organize certain
    business activities. These days code of conduct in business is
    developed by many business houses and also by the corporate
    sector (for example: the code of conduct in business of Jet
    airways, Coca Cola Company, Dow etc.)All codes of conduct in
    business are based on the core values of the company, its
    mission and vision.
    Some Major Unethical Business Practices
    1. Sexual Harassment at workplaces
    2. Forced Labor and Bonded Labor
    3. Sweat Shops
    4. Discriminations
    5. Fraud
    6. Theft
    7. Corruption
    Ethical issues in different business areas

    Unethical Practices in Marketing


    Ethics of Consumer Issues
    Unethical Financial Practices
    Ethical issues in Production and Operation Management
    Unethical Practices in Accounting
    Ethical Issues in Human Resource Management (HRM)
    Unethical Practices in IT Industry
    Unethical Practices in Marketing
    The are some major unethical practices in marketing
    Products
    Pricing
    Packaging
    Placing (Distribution)
    Promotion (Advertisements)
    Ethics of Consumer Issues
    The following are the major issues that consumer ethics is now trying to address:
    The first and foremost issue is the consumer protection and safety.
    Consumer organization is looking after the interest and welfare.
    Assurance about product life, product safety, reliability and maintenance.
    Disclosure of all necessary and relevant information about the product.
    There should be no information asymmetry about the product between
    the seller and the buyer.
    Proper marketing and advertisement ethics
    for selling products.
    Proper product labeling with warnings and
    methods of use.
    Protection against unfair trade practices and
    unfair and false advertisement.
    Consumers grievance cells run by the state.
    Strong consumer organizations and agencies.
    Consumer-seller relations agencies.
    Consumers law and policy.
    Unethical Financial Practices
    share prices artificially raised
    Insider trading is a very notorious form of financial practice.
    Merger of companies may be a financial stunt
    unusual delay in making payments
    Different bank account
    Financial irregularities
    Cooking data or creative accounting
    Ethical issues in Production and Operation Management
    There are two major areas in POM
    Product and its quality
    Safety and security working environment
    Unethical Attributes of Products
    There are seven major unethical and socially unacceptable standards of products:
    The product may be unsafe and damaging to health either in the short or in the long run.
    The product is not reliable.
    The product may be sub-standard.
    The service life of the product may be shorter than what is claimed.
    The maintenance standard as claimed by the producer may not be correctly stated.
    The product may produce unwanted side-effects.
    Unethical Working Condition

    Many serious diseases like cancer, asthma and bronchitis are job-related.
    Noise Pollution
    Death due to physical accidents in factories.
    To work under the conditions of occupational safety is one of the important rights of workers,
    but it is not carefully implemented by POM authorities.
    Unhealthy production site, buying of second quality machinery and poor maintenance.
    The working conditions and facilities may be inadequate.
    Inside and outside pollution by chemical substances.
    Unethical Practices in Accounting
    Misappropriation by not recording the cash
    receipts.
    Misappropriation of cash payments.
    Misappropriation of goods by wrong
    recording.
    Window dressing
    Ethical Issues in Human Resource Management (HRM)
    Discriminatory policies
    Firms often do not care for safety, health, job satisfaction and comfortable working environment.
    HRM policies may be absent or biased with respect to promotion, recruitment, reward and punishment.
    Workers rights and unionism are not looked upon favorably by employers.
    While practicing downsizing and lay-offs, sufficient prior notice is not given to employees.
    Many firms are engaged in exploiting workers by giving them unjustifiable lower wages.
    Sometimes privacy is not allowed and this goes against the women workers.
    Forces labors and child laborers are used by many firms.
    Unethical Practices in IT Industry
    Spreading Viruses
    Piracy
    Hacking
    Hijacking
    Spoofing
    It involves the replacement, destruction, forging or
    corrupting a resource. It is a variation of hijacking.
    Infringement of copyright materials
    Credit Card Fraud
    Account take-over
    Phishing

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