BUSINESS ETHICS

IN WORKPLACE

PRESENTED BY
B. ARUN
INTRODUCTION

 Define business ethics as a set of principles and values that guide the
behavior of individuals and organizations in the business world.
 Explain why business ethics are important in the workplace, including
building trust and reputation, improving employee morale and
retention, and contributing to a sustainable and responsible society.
CODE OF CONDUCT

 Discuss the importance of having a code of conduct in the workplace to

ensure that all employees understand and adhere to ethical standards.
 Provide examples of elements that a code of conduct may cover, such as
anti-discrimination policies, confidentiality, conflict of interest, and
honesty and transparency.
ETHICAL DECISION-MAKING

 Describe the process of ethical decision-making, including identifying

the ethical issue, gathering information and facts, evaluating
alternatives, and making a decision.
 Provide examples of ethical dilemmas that may arise in the workplace,
such as conflicts of interest, bribery, and discrimination.
 Illustrate how ethical decision-making can lead to positive outcomes,
such as avoiding legal and reputational risks and building trust with
stakeholders.
 STAKEHOLDER MANAGEMENT

 Explain the importance of managing relationships with stakeholders in an

ethical and responsible manner, including employees, customers, suppliers,
and the wider community.
 Provide examples of how businesses can manage relationships with
stakeholders, such as treating employees with respect, providing quality
products and services to customers, and engaging in sustainable and
environmentally responsible practices.
CORPORATE SOCIAL RESPONSIBILITY

 Define corporate social responsibility as the concept that businesses have a

responsibility to contribute to society and the environment beyond their
financial goals.
 Provide examples of how businesses can engage in corporate social
responsibility, such as volunteering, donating to charities, reducing
environmental impact, and promoting diversity and inclusion.
 FAIR LABOR PRACTICES

 Discuss the importance of fair labor practices in the workplace, including fair
wages, equal opportunities, and a safe working environment.
 Provide examples of fair labor practices, such as paying employees a living wage,
providing benefits such as health insurance and paid time off, and ensuring
workplace safety.
 ETHICAL LEADERSHIP

 Explain the role of ethical leadership in promoting a culture of ethics and

integrity in the workplace.
 Provide examples of ethical leadership, such as setting a good example for
employees, communicating clearly and transparently, and holding oneself and
others accountable for ethical behavior.
CASE STUDIES

Provide examples of businesses that have either succeeded or failed in

adhering to ethical principles.
Explain the consequences of these actions, such as legal and reputational
risks, loss of trust from stakeholders, and financial losses.
CONCLUSION

 Summarize the key points of the presentation and emphasize the importance of
business ethics in creating a sustainable and successful business.
 Encourage the audience to reflect on their own ethical values and consider
how they can apply them in the workplace.
TITLE 2

ECONOMIC CORPORATE
RESPONSIBILITY
INTRODUCTION TO ECONOMIC CORPORATE
RESPONSIBILITY
 Economic corporate responsibility is a concept that emphasizes the impotance
of businesses taking into account their impact on society and the environment
in addition to their financial performance.
 This approach recognizes that companies have a responsibility not only to their
shareholders,but also to their stakeholders , including
employees ,customers ,suppliers , and the broader community
THE BENEFITS OF ECONOMIC CORPORATE
RESPONSIBILITY
 The are several benefits to adopting an economicaly responsible approach to
business. For one , it can help companies build a positive reputation and brand
image, which can attract customers and invsestors alike.
 Additionally , by taking steps to reduce their environmental impact and improve
working conditions for employees, companies can often save money in the long
run through increased efficiency and reduced rick of legal action or negative
publicity.
CHALLENGES TO IMPLEMENTING ECONOMIC
CORPORATE RESPONSIBILITY
 While the benefits of economic corporate responsibility are
clear, implementing such practices can be challenging for
many companies.
 For one, it can be difficult to balance the demands of
shareholders and other stakeholders, especially gains may
conflict with longer –term social or environmental goals. .
Additionally, some companies may lack the resources or
expertise needed to effectively implement socially
responsible practices .
EXAMPLES OF SUCCESSFUL
ECONOMIC CORPORATE RESPONSIBILITY INITIATIVES

 Despite these challenges, many companies have successfully implemented

economic corporate responsibility initiatives that have had a positive impact on
both their bottom line and society as a whole.
 For example, Patagonia, the outdoor clothing company, has made sustainability a
core part of its business model, using recycled materials and reducing waste
throughout its supply chain. Similarly, starbucks has committed to sourcing
ethically grown coffee and investing in local communities where its stores are
located.
CONCLUSION

 In conclusion, economic corporate responsibility is a vital concept that

recongnizes the importance of businesses taking into account their impact
on society and the environment, in addition to their financial performance.
 By adopting socially responsible practices, companies can build a positive
reputation, attract customers and investors, and contribute to a more
sustainable and equitable world.
THANK
YOU