business ethics fact or fiction

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You are in pain... Suppose you have just moved to a new city, several hundred miles from your previous home. While at work one day, you develop a severe abdominal pain that persists for several hours. Since you do not know any doctors in the area, you ask other employees for the name of a good doctor. Your inquiries take you to the clinic of Dr.Smart. After a few routine tests, he tells you that his suspicion has been confirmed; it is your gall bladder, and it must be removed the next morning . Roshan Suhail/RighTrack/June'2010

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Page 1: Business ethics fact or fiction

You are in pain...

Suppose you have just moved to a new city, several hundred miles from your previous home. While at work one day, you develop a severe abdominal pain that persists for several hours. Since you do not know any doctors in the area, you ask other employees for the name of a good doctor. Your inquiries take you to the clinic of Dr.Smart. After a few routine tests, he tells you that his suspicion has been confirmed; it is your gall bladder, and it must be removed the next morning .

Roshan Suhail/RighTrack/June'2010

Page 2: Business ethics fact or fiction

The pain is not plain...

Would you take his word and lay on the operating table the next morning? Why?

Would you trust him?

Would you suspect him that he might be doing it just to make money?

Roshan Suhail/RighTrack/June'2010

Page 3: Business ethics fact or fiction

The pain is not plain...

Would your reaction be the same if a mechanic told you that your car needed Rs.5000 worth of repairs?

Why?Are the ethics of the two professions different?

Should they be?

Roshan Suhail/RighTrack/June'2010

Page 4: Business ethics fact or fiction

Business EthicsFact or Fiction

Roshan Suhail/RighTrack/June'2010

Page 5: Business ethics fact or fiction

On the first day of MBA business ethics class, the professor asks the students...

Do you believe that you can succeed in business today without some

deception?

Roshan Suhail/RighTrack/June'2010

Page 6: Business ethics fact or fiction

How do you think they answered the question...

Perhaps a more important question is: How should they answer it?

Roshan Suhail/RighTrack/June'2010

Page 7: Business ethics fact or fiction

Approximately 80% of them said...

NO!NO!

NO!

Roshan Suhail/RighTrack/June'2010

Page 8: Business ethics fact or fiction

Why do they respond the way they do...

Do you think that their perception of what is going on is accurate?

Do they represent the views of Indian Business Community.

Roshan Suhail/RighTrack/June'2010

Page 9: Business ethics fact or fiction

The professor followed it up with another question...

How many of you want to succeed?

Obviously, he receives a predictable answer: All of them!

Roshan Suhail/RighTrack/June'2010

Page 10: Business ethics fact or fiction

Now let’s combine the two answers…

When we combine the two answers, it appears that the aspiring business professionals are flocking to these management

schools to receive a business education that can help them work at a job in an environment where deception is inevitable

in order to succeed.

Are we comfortable with that conclusion??

Roshan Suhail/RighTrack/June'2010

Page 11: Business ethics fact or fiction

Business EthicsFact or Fiction

Roshan Suhail/RighTrack/June'2010

Page 12: Business ethics fact or fiction

Students in a business ethics class mailed letters to a number of organizations, explaining what they were doing and requesting a copy of each organization’s code of ethics. Let’s have a look at the responses the received...

Sorry, we can’t send you a copy of our code of ethics, because it is confidential.

We have reviewed your letter and resume, and even though it is very impressive, at present we don’t have a job that matches your qualification.

What resume? What Job?

Many of the codes received were very general and superficial.

Roshan Suhail/RighTrack/June'2010

Page 13: Business ethics fact or fiction

Isn’t it time to restore business

ethics?

Roshan Suhail/RighTrack/June'2010

Page 14: Business ethics fact or fiction

Think about the people that you respect and trust...

They do what they say they will do.

They deliver what they promise, and if they can’t you are soon informed.

They monitor their say/do ratio very carefully.

For such people ‘the check in the mail’ is not a joke.

Roshan Suhail/RighTrack/June'2010

Page 15: Business ethics fact or fiction

Business EthicsBetter late than never...

The integrity, reputation and profitability of an organization depend upon the individual actions of its employees. Establishing a code of ethics won’t convert the corrupt into the virtuous, but it will give individuals access to a body of knowledge and create a climate in which the organization and its employees are better able to make informed and ethical judgments.

Roshan Suhail/RighTrack/June'2010

Page 16: Business ethics fact or fiction

The gold standard in business ethics...

Do what is right;it will gratify some people

and astonish the rest.Mark Twain

Roshan Suhail/RighTrack/June'2010

Page 17: Business ethics fact or fiction

Acknowledgment...

Adapted from

“The 7 Fatal Management Sins”

by John W. Collis

Roshan Suhail/RighTrack/June'2010

Page 18: Business ethics fact or fiction

Roshan Suhail...

A young and dynamic speaker with more than 3000 hrs of training experience. Roshan has developed a deep understanding of human behaviour and it’s corporate relevance through his 10 years of rich experience in Education, Sales, Marketing, HR & Training. Roshan specializes in energizing the young audience like management students, front line sales force, young managers & executives. His “Heart before Head” approach sets him apart and generates significant breakthroughs. He has been conducting programs on Leadership/Managerial EffectivenessMotivational/communication & Teambuilding for the past 4 years.

He has recently founded RighTrack Creative Foundation, a Training & Consultancy Organization offering motivational training through his Interactive workshops. To know more about RighTrack,Pl. visit www.righTrack.org

He is the President of Toastmasters Club of New Delhi(to know more about toastmasters pl. visit www.tmnd.org)and also an active member ofCoach Leadership Centre, New Delhi

You can call him on 09891358681 Or access him at [email protected]

Roshan Suhail/RighTrack/June'2010