8/14/2019 Public Responsibility and Ethics

1/16

PUBLIC

RESPONSIBILITYAND ETHICS

BY :ARSHLEEN KAUR

ANSHU CHOPRA

BBA 6 C

BVIMR

8/14/2019 Public Responsibility and Ethics

2/16

INTRODUCTION

Managers will evaluate the moral dimensions of a decision beforemaking it. The moral yardsticks used to evaluate a decision consistof the moral standards of a societys culture.Ethics involve the useof moral standards when making decisions.

Moral standards consist of specific moral norms and generalmoral principle moral norms prohibit certain types of behavioursuch as lying, stealing and killing. moral principles provide moregeneral guidelines for behavior and are applicable to decision

8/14/2019 Public Responsibility and Ethics

3/16

ETHICS

The moral principles and values that govern actions &

decisions by individuals & groups.

Ethics consists of the standards of behavior, our society

accepts. Doing what is right. Respecting:

- colleagues.

- integrity of the product/service.- integrity of communication.

8/14/2019 Public Responsibility and Ethics

4/16

8/14/2019 Public Responsibility and Ethics

5/16

Theories of Ethics

DEONTOLOGY : is derived from the Greek word deon,which means obligation or duty. It stresses on what is obligatoryand what one ought to do, whether or not it is good to do so.Speaking truth may not bring good to some but, one must speakthe truth as it is the moral duty of each good to some but, one

must Speak the truth.

TELEOLOGICAL : Teleological theories hold thatrightness or wrongness of action is always determined by itstendency to produce certain consequences which are intrinsically

good or bad.

8/14/2019 Public Responsibility and Ethics

6/16

Origin of business ethics

Business ethics has come to be considered a managementdiscipline, especially since the birth of the social responsibilitymovement in the 1960s. An increasing number of people assertedthat because businesses were making a profit from using ourcountry's resources, these businesses owed it to our country to work

to improve society.

Today 90% of business schools teach business ethics. Ethics in theworkplace can be managed through use of codes of ethics, codes ofconduct, roles of ethicists and ethics committees, policies and

procedures, procedures to resolve ethical dilemmas, ethics training,etc.

8/14/2019 Public Responsibility and Ethics

7/16

IMPORTANCE OF ETHICS IN

BUSINESS

Improved society. Maintain a moral course in turbulent times.

Cultivate strong teamwork and productivity.

Support employee growth.

Legal compliance improves.

8/14/2019 Public Responsibility and Ethics

8/16

PUBLIC RESPONSIBILITY

Responsibility of the organization as part of the larger

society.

Profit responsibility.

Stakeholder responsibility. Social responsibility:

- Public interest groups

- Public image

- Doing good for business

8/14/2019 Public Responsibility and Ethics

9/16

8/14/2019 Public Responsibility and Ethics

10/16

GLOBAL SOCIAL

RESPONSIBILITY

Global Social Responsibility is the accountability of all

organizations to care for all of the stakeholders affected by the

operations of the organization.

Global Social responsibility of an organisation includes :

- PLANET

-PEOPLE- MARKET

8/14/2019 Public Responsibility and Ethics

11/16

EXAMPLES

Their initiatives in the Social sector include:Establishment of the Sustainable Development

Society, in 1993 - a non-profit organisation to

promote research and welfare activities in rural

areas;

8/14/2019 Public Responsibility and Ethics

12/16

ITC has created a number of unique community developmentprogrammes by synergising its social sector initiatives with its

business plans.

Primary education for the rural poor to enhance employability. Managing risks through technology

8/14/2019 Public Responsibility and Ethics

13/16

CSR AWARDS..

Mahindra & Mahindra was honoured with Pegasus

Corporate Social Responsibility Gold Award in 2007 for

its initiatives in the field of health and education.

- Novartis India received the Reader's Digest Pegasus

CSR Gold Award in2007 for the "Contribution to

individual welfare" and rehabilitating leprosy patients in

India.

8/14/2019 Public Responsibility and Ethics

14/16

Awards in 2009

Tata Refractories Limited under

category II received the First prize of

TERI CSR Award 2009.

Pepsico India Holdings Pvt Ltd

under category III received the First

prize of TERI Corporate award for

Business response to HIV AIDS

2009

8/14/2019 Public Responsibility and Ethics

15/16

Orchid Chemicals &

Pharmaceuticals Limited under

category III receiving the Special

Award of TERI EnvironmentalExcellence Award 2009.

Vikram and Aditya Cement Units

of Grasim Industries Ltd. under

category III receiving the Second

prize of TERI CSR Award 2009

8/14/2019 Public Responsibility and Ethics

16/16