APPLYING

IN BUSINESS
ETHICS BY : GROUP 3
 INTRODUCTION
“It takes two years to build a
reputation and five minutes to ruin it.
If you think about that, you’ll do
things differently.”
-WARREN BUFFET
ETHICS IN
Ethics - Greek Word “Ethos”
GENERAL
• pertains to values, norms, and beliefs.
• how we act and interact with other people.
• belief system and actions that guide people on
how to live their lives.
• deals with truthfulness, justice, moral duties,
and obligations.
 CORPORATE SOCIAL
• concerned with the responsibility and
RESPONSIBILITY
obligations of business to people,
communities, and the society around them.

CSR • no longer a mere avenue for enhancing

corporate image but for attaining
competitive edge in today’s highly-
competitive business environment.
DEFINITION AND NATURE OF BUSINESS
• Application of ethical
ETHICS
principles and
standards in a • without business
business environment. ethics, the
stakeholders of the
• It seeks to achieve a
company will be
corporate culture that
negatively affected.
drives people in the
company to do things
legally and ethically.
 DIFFERENCE BETWEEN ILLEGAL ACTS
AND UNETHICAL ACTS

• Illegal acts are actions of • Conflict of interest arises

the corporation that are
contrary to prevailing laws
and government
regulations.
• carry monetary fines and
penalties to the company
and erring individuals.
• Unethical acts may be
when an officer or
employee of the committed by people at
different levels within the
employing organization
takes advantage of his/her company.
• may also occur in the
position improperly.
different departments of
the company.
 THE
COMPANY’S
CODE OF
ETHICAL
• Company profile
• Objectives of the code of ethical conduct
• Ethical principles adapted by the company
• list of instances of unethical acts
• process for identifying the threats or risks of
unethical acts.
• process for determining whether the threats are
significant.
• resolving ethical conflicts
• reporting of ethical issues and concerns
• sanctions for violations of the code of ethical
conduct
• approval of the code of ethical conduct.
UNETHICAL
BEHAVIORS
AND
UNETHICAL
• Divulging of confidential information
and trade secrets
• Personal use of company vehicles and
equipment.
• Unauthorized commissions and
consulting fees.
• conflicts of interests and outside
business of officers and employees.
• Reimbursement of personal expenses.
• Prohibition of bribery
RESOLUTION OF
ETHICAL
ISSUES IN THE
FIELD OF
• Identify the facts.
• Identify the ethical use.
• Analyze the alternative courses
of action. (If no adjustments or
reclassification is made) or (If an
adjustment or reclassification is
made).
• Make a decision.
THANK
YOU