BUSINESS ETHICS LESSON 4

ETHICAL CHALLENGES IN DOING A BUSINESS

HUMILIATION AND DISCRIMINATION

Inappropriate practices and policies are conscious and deliberate wrongdoing, such as discrimination designed to
harm others and withhold the rights of an individual.

BRIBERY

Means the form of grease money, gift-giving, cash payments, or in kind of someone in order to persuade them to
make favorable and biased decisions for business gains.

CONFLICT OF INTEREST AND LOYALTY

It arises when what is in a person's best interest. A conflict between choosing to promo personal interest and
avoiding such actions.

HARASSMENT

Conduct from a supervisor, co-worker, or non-employee based on your sex, race, religion, or other protected
status.

Types of Harassment

1. QUID PRO QUO

-Involves an employer who asks an employee or applicant for a sexual favor in return for a job benefit or
promotion.

2. HOSTILE WORK ENVIRONMENT

-Involves a person who makes unwelcome sexual comments or remarks, touching or acting in a sexually
inappropriate way toward an employee.

•Do not touch people inappropriately

•Never date someone who works for you

•Do not demean others or make digestive comments

•Watch your language

•Watch the jokes being shared, for what seems humorous to some may offend others

FORCED OVERTIME

No one should be compelled to work overtime in excess of the mandatory eight hours of any given day against
his/her will.

Article 89 of the Labor Code of the Philippines

1. When the country is at war or when any other emergency (local or national) has been declared by the National
Assembly of the Chief Executive.

2. When overtime is needed to prevent loss of life or property or in case of immediate danger to public safety due
to an action or approaching emergency in the area caused by serious accidents, fire, flood, typhoon, earthquake,
epidemic, or other disasters or calamity.

3. When there is an urgent task to be completed on machines, installations, or equipment to be able to avoid
serious loss or damage to the employer of some other disasters or calamity.

4. When the job is necessary to avoid the loss of or damage to perishable goods.

5. Where the completion or continuation of the work that has been started before the eight hours is crucial to
prevent serious obstructions or prejudice to the company or operations of the employer

CODES OF ETHICS FOR BUSINESS LESSON 5

CORPORATE CULTURE

Defined as the values, standards, attitudes, and beliefs shared by the members of an organization.
Types of Corporate Culture

1. TEAM-ORIENTED CULTURE

- Makes employees’ happiness it's a top priority. Frequently team outings, and opportunities to provide meaningful
feedback.

2. ELITE CULTURE

- Hire only the best-qualified individuals and expected to lead the way. Innovative and sometimes daring,
companies with an elite culture hire confident, capable, competitive candidates.

3. HORIZONTAL CULTURE

- Everyone is encouraged to pitch in their ideas. Typically younger companies have a product or service they're
striving to provide.

4. CONVENTIONAL CULTURE

- Companies, where a tie and/or slacks are expected are most likely of the conventional sort or any dress code at
all is indicative of a more traditional culture.

CODES BASICS

Sets the company's mission, values, ethos, objectives responsibilities to guide employees on how to deal with
different scenarios workplace.

Code of Ethics

A code of ethics is a set of principles and rules used by individuals and organizations to govern their decision-
making process, as well as to distinguish right from wrong. They provide a general idea of the ethical standards of a
business or organization.

A. Key Elements of a Code of Conduct

1. Introduction

2. Mission, Vision, Goals, & Principles

3. Framework

4. Suggestions are recommended by the Code

5. Set up clear whistleblowing

6. List available resources for guidance and assurance

7. Revision

B. Implementation

The execution or practice of a plan, a method or any design, idea, model, specification, standard or policy for doing
something. As such, implementation is the action that must follow any preliminary thinking for something to
actually happen.

C. Requires Training

Effective ethics training focuses on behaviors, clearly showing what is acceptable and unacceptable, and
demonstrating policies and procedures.

D. Enforcement

The proper execution of the process of ensuring compliance with laws, regulations, rules, standards, and social
norms. Governments attempt to effectuate the successful implementation of policies by enforcing laws and
regulations.

Some practices may have been acceptable at certain points in history but have become unacceptable with the
further development of mankind's mindset. For example racism, sexism, and slavery - were the norms in the past
but are no longer morally acceptable now.