Professional Documents
Culture Documents
Legal and Business Ethics
Legal and Business Ethics
Legal and Business Ethics
Theory of Ethics
Egoism Self
-
is at the centre of action
at the centre action
Utilitarianism
self & others both are
of
Altruism -
others are at the centre
of the action
Identifying
Social
stakeholders , their orientation & ethical dilemmas
how to balance
.
responsibility
-
Ethical Issues
Something that is common across all ethical issues is the fact that
they
stem out than
of egoism where ends is
greater means .
Inquiry
taken to
into the nature and
mean .
grounds of morality where the
morality is
Ethics is the
study and
philosophy of human conduct , with an emphasis
on
determining what and
is
right wrong
.
Ethical profitable ?
Businesses -
more
profitable or less
organization profitability .
Not E-→
Morality is made for social consensus but not forced on
you .
Law is made for
social consensus and
highly forced you on .
stakeholder
theory People
: who have the potential to
get hurt or
benefit from
the Corporation also have moral claim on the Corporation .
CSR Models
Economic Model
of CSR :
Primary responsibility of business , produce services seek
,
profits and
obey the law .
Philanthropic model
of CSR : Business
may
choose to contribute to
society as
a matter
of social
philanthropy and not as social responsibility This
.
is
for
reputation maintenance and public relations
Money comes
Integrative model
of Csr : Part
of all missions
of the
organization is to serve
benefit
stakeholders
Principal uncertainty .
Agent
Performs .
Bounded Bounded
Rationalities
M-M.MN @ Rationalities
mm
Thomas Kilmann Model
Assertiveness .
Egalitarian view :
Equal distribution irrespective of similarities /dissimilarities .
on ,
based on
rehabilitating offenders & recon citations with victims
compensatory Justice
providing resources to
-
victim
of injustice with the goal a
Traditional Theories
Contemporary
nvirtue
theories
Ethics
-
utilitarianism ethics
frights
-
Altruism hjusl.ae
Decision Process
Making
Factors moral
affecting sensitivity .
Empathy
Moral Moral Moral
Imaginations sensitivity
.
Judgement .
Moral Muteness
Moral
Motivation
Moral
Intensity
.
moral
character
Moral character
graph
Ratan Tata
High
Dr Kalam
.
Vijay Natya
how High
competence
Theory of moral Development .
Jean
Piaget theory of moral development .
~
Autonomous morality Later stages of development Gets his/her own
meaning
-
Kohl
berg's stays of Moral development .
Heinz's Dilemma
statistical methods
Kohlberg classified the responses
using .
Stage 1should
obedience
:
not steal
Heinz because he'll be in prison
Heinz should steal because the 200$
dry is worth .
Stage 2 self : interest
He should steal because he'll be
happy because
of saving his
wife
He shouldn't steal because he'll be sad because to prison
of going
stage 3 :
Interpersonal accord & conformity .
stage 5- Human
.
rights .
Stage Goal
stage Goal
Masculine Feminine
view
of humans Autonomous Interdependent .
Moral
goals Fairness impartiality
& .
Avoid harm maintenance
,
Values Rights ,
duties fairness
, ,
Harmony empathy community
, ,
force
Moral Compass
There situation
are 4
types of moral prisms via which a
goes through
to get a decision .
Purpose I
What is the purpose of my decision what am trying to achieve?
Long & short term
your
decision
employ ?
People Who're
my
stakeholders ? Who will get affected from decision ?
my
Power Do I have the power to make a decision ? Do I have the
capacity to make that
decision .
Responsibilities of Business
Organizations (Carroll's Model
by Archie B. Caroll )
Bea Desired
good by the
Rewired by
Obey Law
border
Legal Responsibilities the
society.
Engineer's Decision
Making Process
Product
Safe enif .
Recall .
Investigation Product
Costing Analysis Redesigning
nforgeryof results will it be available to masses
nsafetynlaw compliance
ideal price
statory compliance
&
Nresult for it
nlegal
-
Am 9 enka
charging
-
nlicensiy .
NAdherenu.to SOP
.
Maintenance Product-
recall
Safeenit
repost purchase support & services .
Impact on
different stakeholders
Legal Aspects of Business
basis
of laws .
Law sets up a
legal limit for business & doesn't let business owners step out
of the
boundary .
Sole
proprietorship single person responsible for managing a business unit
N -
.
~
Partnership partner responsible for self actions & the other partner actions as well
-
.
need
company somebody else gives you money but you do the business All
~
you
-
.
is an innovative idea .