Professional Documents
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Biz Ethics Conscience 27-02-07
Biz Ethics Conscience 27-02-07
Shinde Nitin 86
Verma Devendra 99
Shah Chandresh 78
Chincholi Satish 10
Agenda
•Definition
•Conclusion
Conscience – What is it?
5. There is no longer one agreed moral code. Most people have a weak
sense of religion or none at all. So their morals must come from
somewhere else.
2. There are competing religious and social moral codes, especially for
multinational companies operating in different parts of the world and
employing people from different cultures.
3. The pursuit of profit has become a goal in its own right, and this puts
pressures on people to compromise their standards, not just ethically,
but in less important areas also. So when good behavior and good
profits come into conflict, businesses find it difficult to resist the
profits.
The Modern Business Environment
4. Businesses are only the people who work there; businesses don’t
decide anything – it’s the people who make decisions. But
businesses have group cultures with their own norms and standards.
Individuals have a strong need to fit in and be accepted, so it is very
difficult for any individual to stand up against attitudes and decisions
they disagree with.
The above factors all pull in different directions. It has all got a lot more
difficult and a lot more complicated.
Impact of unethical conduct
The voluntary exchange for mutual benefit creates the ethical foundation
of business and that is why business is ultimately justified to rightfully
exist within a society
How to decide what is right or wrong for a business?
Too much of business ethics today is focused on questions of law and policy --
questions about regulations, business practices, and legal requirements --
such as pollution control, worker safety, truth in advertising, employee due
process, social responsibilities to surrounding communities, and others. All of
these, while they are important, are considered as either legal or social
requirements for businesses
But what gets left out in this thinking is an adequate sense of or an emphasis on
personal values and integrity. Business does not operate in a vacuum. It is a
subsystem of our social order. Business ethics is a more personally oriented
ethics rather than a public policy or a legal contract. Ethics is what is legal,
and more. Much more. It encompasses honesty, forthrightness, reciprocity,
fair play, keeping commitments, and kindness -- virtues that may be too much
to ask for in today's world.
It all begins with you!!
As a good start, how many of the following questions can you say are true for
you?
If you can truthfully agree with at least 8 of the questions above, your character is
probably well developed and you probably already know it!
THANK YOU