Nature of Morality

1. Nature of Morality

2. RIGHT WRONG

3. Why to study Ethics Answer all these questions in just yes or no: 1:You did not help a person who met with an accident in front of you and was lying on the road waiting for someone to give him assistance? 2:Have you ever bribed someone for getting your work done? 3:Have you ever discriminated someone because of his caste, faith, gender or any other thing? If the answer of any of the above mentioned points is yes then my friend its time for you to learn ethics:

4. Origin of the word Ethics The word ethics comes from a Greek word “Etho” Which means character, behavior and custom.

5. Different views about Ethics A few years ago, sociologist Raymond Baum hart asked business people, “What does ethics mean to you?” Among their replies were the following: • Ethics has to do with what my feelings tell me is right or wrong. • Ethics has to do with my religious beliefs. • Being ethical is doing what the law requires.

6. Definition of Ethics • Ethics:Man is a social animal. Man himself has derived certain principles to govern his own individual and group behavior , their basic objective is always mutual existence and peace . By ensuring security and protection these standards helps in the survival of the particular community and thus its members. These standards of behavior are called “ethics.” • Ethics: Refers to well-based standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society . Ethics, for example, refers to those standards(accepted behaviors) that impose the reasonable obligations to avoid stealing, murder, assault and fraud.

7. Definition of Ethics • Ethicsalso refers to the study of “morality” Morality :refers to the human conduct, which is…. “what is right and what is wrong”…….. • Ethicists use the term ethics to refer primarily to the study of morality, just as chemists use the term chemistry to refer to the study of chemical substances

8. Business Ethics • By business ethics we mean the study of right and wrong (good and bad) human conduct in business. Examples……. • would it be right for a store manager to break a promise to a customer and sell some hard to find merchandize to someone else. • Would it be right not to hire a person on the base of religion, color, nationality etc. • Promotinga person purely on his competencies.

9. Importance of business ethics • Good image: Business conducted on ethical bases enjoy good image. • Balance the needs and wishes of stakeholders: Business ethics requires businesses to think about the impact of its decisions on people or stakeholders who are affected by those decisions. • Employee Retention: A successful Business Ethics program establishes a culture where fair rewards system prevails. • Setting the Example:Ethical Business Practices points out that businesses demonstrating the highest ethical standards are also the most profitable and successful.

10. Origin of Moral Standards During childhood moral standards are absorbed from family, friends and various societal institutions. Later in life experiences, learning and intellectual development help a person in forming these standards……………………….

11. Moral Vs Non moral standards In a business context moral standards would be….. • Whether products are harmful or healthful. • Work conditions are safe or dangerous. • Personnel procedures biased or fair.

12. Moral Vs Non moral standards • Non moral standards: Non moral standards are what falls outside the sphere of moral standards or Non moral standards: are those conducts or actions that is not of serious consequences.

13. Moral Vs Non moral standards Examples…. • Wearing shorts to a formal dinner party is non moral conduct. • Coming in informal dress to office is also a non moral behavior. • Attending calls during a meeting is also a non moral act.