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Business Ethics

Business Ethics. Focus of topic: Understanding and resolving ethical issues in contemporary business. Speaker: Rodolfo P. Dominno, IE, MBA. Educational Attainments: Industrial Engineering, Saint Louis University-batch 1992’

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Business Ethics

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  1. Business Ethics Focus of topic: Understanding and resolving ethical issues in contemporary business

  2. Speaker: Rodolfo P. Dominno, IE, MBA • Educational Attainments: • Industrial Engineering, Saint Louis University-batch 1992’ • Master in Business Administration, University of the Cordilleras- Batch 2008 • Previous Positions: • Personnel Officer, Odilon Heavy Equipment corp.-1995 to 2001 • Branch Sales Manager, Permanent Plan Baguio- 2002 to 2005 • Marketing Manager, Winaca Development Corp.- 2008 to 2009

  3. Business Ethics • It is the form of the art of applied ethics that examines ethical principles and morals or ethical problems that can arise in a business environment.

  4. Important of Business Ethics to Overall Society or Organizations • Business ethics is crucial to overall society because the strength of business operation is sustain by public confidence.

  5. What are the usual issues in the absence of business ethics • Ethical mal practice • Relationship conflict • Discrimination • Harassment • Affecting privacy of others

  6. Guidelines in Resolving Ethical Dilemmas • Establish ethics policy • Establish business code of conduct • Establish practical guide to ethical decisions • Adopting ethical decisions model

  7. Ethical Decision Modelsvalues and ethics- Dr Emily Gacad • Utilitarian Model • An ethical decision is one that produces the greatest good for the greatest number of people. • Moral Right Model • An ethical decision is one that best maintains and protects the fundamental rights and privileges of the people affected by it. • Justice Model • An ethical decision is one that distributes benefits and harms among stakeholders in a fair, equitable, or impartial way.

  8. Ethical Versus Unethical DecisionsValues and Ethic- Dr. Emily Gacad • Ethical Decision • A decision that is reasonable or typical stakeholders would find acceptable because it aids stakeholders, the organization, or society • Unethical Decision • A decision that a manager would prefer to disguise or hide from other people because it enables the company or a particular individual to gain at the expense of society or other stakeholders.

  9. Practical Guide to Ethical DecisionsValues and Ethics- Dr. Emily Gacad • Does the manager’s decision fall within usual and accepted standards? • Is the manager willing to personally and openly communicate the decision to all affected stakeholders? • Does the manager believe that his friends would approve? • If the answer is “yes” to all the above, the decision is probably an ethical decision.

  10. Implementation and control of business ethics • Implementation of ethical policy • Evaluation and control by ethic officer

  11. The Foundation for Ethical Behavior • Culture development • Policy implementation • Early morale training

  12. Basic Duties of WorkersValues and Ethics class of Dr. Emily Gacad- mba • 1. Work honestly and comply with all agreements. • “Honestly can keep you safe”. Proverbs 11:6 • 2. Never injure capital nor steal from the employer. • “Thou shall not steal”. Exodus 20:15 • 3. Never outrage the person of the employer. • “Do not devise evil against your neighbor”. Proverbs 3:29 • 4. Never employ deceit nor violence in presenting a cause. • “Deceit causes trouble, & foolish talk will bring you to ruin” • Proverbs 10:10 • 5. Never consort with agitators or men of evil principles. • “Do not envious of evil men, nor desire to be with them”. • Proverbs 24:1

  13. Word Class Worker • Bear the golden rule in mind: “Do not do unto others, what you do not want others do unto you”

  14. References: • Business Ethics, 3rd ed. (C. Gow & G. Miranda) • Wikipedia • www.articlebase.com

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