CHAPTER 5 lives, do not patronize, embarrass or
demean
ETHICS- set of moral principles or values that govern
8. RESPONSIBLE CITIZEN- obey just laws, if law
the actions and decisions of an individual/group
unjust, openly protest it, exercise all
CHARACTERISTICS ANF VALUES democratic rights and privileged responsibly
by participation( voting and expressing
1. INTEGRITY(consistent honesty)- principled, informed views) social consciousness and
honorable, upright, courageous and act on public service, when in a position of
convictions; do not leadership/authority, openly respect and
twofaced/unscrupulous/ adopt an end- honor democratic processes of decision
justifies- the means philosophy that ignores making, avoid unnecessary
principle secrecy/concealment of information, and
2. HONESTY(component of integrity)- truthful, assure that others have all information they
sincere, forthright, straightforward, frank, need to make intelligent choices and
candid, do not chat, steal, li, deceive or act exercise their right
deviously 9. PURSUIT OF EXCELLENCE- pursue excellence
3. TRUSTWOTHINESS AND PROMISE KEEPING- in all matters, meeting your personal and
worthy of trust, keep promises, full professional responsibilities, be diligent,
commitments, abide by the spirit as well as reliable, industrious and committed,
the letter of an agreement; d not interpret preform all tasks to the best of your ability,
agreements in an unreasonably technical develop and maintain a high degree of
manner in order to rationalize competence, b well informed and well
noncompliance or create excuses and prepared, do not be content with
justification for breaking commitments mediocrity “ do not win at any cost”
4. LOYALTY(FIDELITY) AND CONFIDENTIALITY- 10. ACCOUNTABILITY- accountable, accept
faithful and loyal to family, friends, responsibility for decisions, for the
employers, client and country; do not use foreseeable consequences of action and
or disclose information learned in inactions, and for setting and example of
confidence others.
5. FAIRNESS AND OPNNESS-be fair and open-
minded, willing to admit error and where REASONS WHY THERES UNETHICAL BEHAVIOUR
appropriate change positions and beliefs,
1. NO UNIFORM OF ETHICS “ DIFF. CONCEPT
demonstrate a commitment of justice, the
OF ETHICS”
equal treatment of individuals, acceptance
2. SELFISHNESS
of diversity, do not take advantage of
another’s mistake CATEGORIES OF ETHICAL PRINCIPLES
6. CARING FOR OTHERS- caring, kind and
A. PRINCIPLES OF PERSONAL ETHICS INCLUDE
compassionate, share, be giving, service to
AMONG OTHERS
others, help those in need and avoid
harming others Basic Justice, Fairness
7. RESPECT FOR OTHERS-demonstrate respect Concern for the Right of Others
for human dignity, privacy and the right to
self- determination of all people, be
Benevolence, Trustworthiness, Honesty
courteous, prompt and decent, provide Concern for the Well-being on welfare of
others with the information they need to others
make informed decisions about their own Respect for the right of others
Compliance with the law 1. ECONOMIC IMPACT- business has an
B. PROFISSIONAL ETHICS economic impact on society through the
wages it pays to its employees, the material
Professional Competence that it buys from their suppliers and the
Integrity, Impartiality, Objectivity prices it charges its customer
Confidentiality 2. SOCIAL IMPACT-
Professional Behavior
Avoidance of Potential/ Apparent conflict
of interest
C. BUSINESS ETHICS
Fair Competition
Global as well as Domestic Justice
Social Responsibility
Concern for Environment
CHAPTER 6- BUSINESS ETHICS
BUSINESS ETHICS- refers to standard of moral
conduct, behavior and judgment in business
- An area of corporate responsibility where
businesses are legally bound and socially
obligated to conduct business in an ethical
manner
- Based on the personal values and standard
of each person engaged in business
MAIN PURPOSE- help business and would be
business to determine what business practices are
right and what are wrong.
- Use this knowledge to guide them in
making the right business decisions
SPECIAL PURPOSE
1. Make businessmen realize that they cannot
employ double standard
2. Show businessmen that common practices
which they have thought to be right
because they see other business doing it,
are really wrong.
3. To serve as a standard/ ideal upon which
business conduct should be based.
SCOPE AND IMPACT OF BUSINESS ETHICS
