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Introduction To Business Ethics

This document provides an introduction to business ethics. It defines ethics as originating from the Greek word meaning character and concerning right and wrong. It lists characteristics of ethical behavior such as integrity, honesty, and fairness. Ethical behavior is necessary for society and business to function with trust. However, people sometimes act unethically due to different standards or selfishness. There are principles of personal ethics around justice, rights, and welfare as well as professional ethics of competence, impartiality, and confidentiality. Business ethics involves fair competition, social responsibility, and environmental concern. Professions share responsibilities of serving the public and maintaining standards and knowledge.

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Christine Ramil Eugenio
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92 views

Introduction To Business Ethics

This document provides an introduction to business ethics. It defines ethics as originating from the Greek word meaning character and concerning right and wrong. It lists characteristics of ethical behavior such as integrity, honesty, and fairness. Ethical behavior is necessary for society and business to function with trust. However, people sometimes act unethically due to different standards or selfishness. There are principles of personal ethics around justice, rights, and welfare as well as professional ethics of competence, impartiality, and confidentiality. Business ethics involves fair competition, social responsibility, and environmental concern. Professions share responsibilities of serving the public and maintaining standards and knowledge.

Uploaded by

Christine Ramil Eugenio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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INTRODUCTION

TO BUSINESS
ETHICS

PREPARED BY: MS. IDA


ORIGIN OF “ETHICS”
● Came from the Greek word “Ethos” meaning Character
● Concerned with understanding right and wrong and how conduct should be
judged as good or bad
● Set of moral principles or values that govern actions and decisions of an
individual group
CHARACTERISTICS AND VALUES ASSOCIATED
WITH ETHICAL BEHAVIOR
● Integrity
● Honesty
● Trustworthiness and Promise-keeping
● Loyalty (Fidelity) & Confidentiality
● Fairness and Openness
● Caring for others
● Respect for others
● Responsible citizenship
● Pursuit of Excellence
● Accountability
Why is Ethical behavior necessary?
● Necessary for society to function in an orderly fashion
● Glue that holds a society together
● It promotes trust and confidence of employees, investors, and shareholders as
well as the general public.
Why do people act unethically?
1. The person’s ethical standards are different from those of society as a whole
2. The person chooses to act selfishly / greedily
CATEGORIES OF ETHICAL PRINCIPLES
Principles of Personal Ethics include among others:

● Basic justice and fairness


● Respect for the rights of others
● Concern for the rights of others
● Concern for the well-being or welfare of others
● Benevolence, trustworthiness, and honesty
● Compliance with the law
CATEGORIES OF ETHICAL PRINCIPLES
Professional Ethics include among others:

● Integrity, impartiality, objectivity


● Professional competence
● Confidentiality
● Professional behavior
● Avoidance of potential or apparent conflict of interest
CATEGORIES OF ETHICAL PRINCIPLES
Business ethics include among others:

● Fair competition
● Global as well as domestic justice
● Social responsibility
● Concern for the environment
COMMON CHARACTERISTICS OF
PROFESSIONS
● Responsibility to serve the public
● Complex body of knowledge
● Standards of admission to the profession
● Need for public confidence
Executive Order No. 220, June 23, 2003
DIRECTING THE ADOPTION OF THE CODE OF GOOD GOVERNANCE FOR THE
PROFESSIONS IN THE PHILIPPINES
Executive Order No. 220, June 23, 2003
General Principles of Professional conduct

❖ ethical awareness
❖ ethical commitment
❖ ethical competency
Executive Order No. 220, June 23, 2003
Specific Principles of Professional conduct
1. Service to Others
2. Integrity and Objectivity
3. Professional competence
4. Solidarity and TeamworK
5. Social and Civic Responsibility
6. Global competitiveness
7. Equality of all Processions
- END OF DISCUSSION -

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