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Ethical Leadership
Ethical Leadership is a leadership that is
directed by respect of ethical values and
beliefs and for the dignity and rights of
others.
• Ethical theories on leadership talk about two main things:
(a) The actions and behaviour of leaders;
(b) the personality and character of leaders.
• Drives and influence followers/subordinates
• Treat subordinates with respect as each one of them as unique
personality
• Creates ethical environment in an organisation.
Characteristics of Ethical Leader
• Is humble
• Is Concerned for the greatest good
• Is honest
• Fulfils Commitment
• Strives for fairness
• Takes responsibility
• Shows respect for each individuals
• Encourages and Develops others
• Serves Others
• Shows courage to stand up for what is right.
https://www.youtube.com/watch?v=rrH90zd9uco
Work Ethics
Scope of work ethics
•Long-term growth: sustainability comes from an ethical long-term vision which takes in
to account all stakeholders. Smaller but sustainable profits long-term must be better than h
igher but riskier short-lived profits.
•Cost and risk reduction: companies which recognise the importance of business ethics
will need to spend less protecting themselves from internal and external behavioural risks,
especially when supported by sound governance systems and independent research
•Anti-capitalist sentiment: the financial crisis marked another blow for the credibility of
capitalism, with resentment towards bank bailouts at the cost of fundamental rights such a
s education and healthcare.
•Limited resources: the planet has finite resources but a growing population; without ethi
cs, those resources are repleted for purely individual gain at huge cost both to current and f
uture generations.
•BASIC WORK ETHIC FOR AN ORGANISATION
•https://www.cleverism.com/work-ethic-definition-elements-strong-work-ethic/
BASIC WORK ETHIC FOR AN
ORGANISATION
•Uniform rules and regulations: An ethical organizational example is the common treatment of all st
aff, i.e., with the same respect, regardless of race, culture, religion, or lifestyle, with equal chances for
promotion. Therefore, small company managers should desist from favoring any one employee, for it
can lead to lawsuits and is also highly counterproductive.
•Communication of the rules and regulation to all employees: Company policies must be clearly c
ommunicated to each employee with a transparency at all levels of the hierarchy. Employees are the s
pine of all organizations and should have a say in the goals and objectives of a firm.
•Respect for Employees: Respect employees and in return receive the same. Regulations should not
be so rigid, and therefore, don’t expect staff to attend work two days before a marriage. If somebody i
s not well, don’t ask them to attend office unless or until there’s an emergency.
•Clear cut salary and promotion policy: Employees crib if they are underpaid. Make sure they get
what is deserved and decided in the presence of the person. A major attrition factor is a poor appraisal,
promotion prospects are ideally based on merit, not favor. Clarity is crucial.
ETHICAL DELIMMA
Ethical dilemma is moral situation where a choice has to be made
between two equally undesirable alternatives.
It is also known as moral dilemma
Business dilemma exists when an organisational decision maker fa
ces two or more options that will have various impact on
– The organization profitability & competitiveness
– Its stake holders
Importance of Ethical act in
Business Organization
• Maintain good reputation of the organization by meetin
g the expectation of shareholders
• Protect and prevent general public from who are relate
d to the organization.
• Build good relationship and gain trust of the sharehold
ers of organization
• Protect employees of the organization
• Protect business organization from dishonest & harmf
ul employees, publics and competitors
HOW TO CREATE AN ETHICAL
WORKING ENVIORNMENT?
• Make the decision to commit ethics.
• Recognize that you are role model by definition, by
your action, and by your values.
• Assume the responsibility for instilling ethical behaviou
r.
• Articulate your values.
• Train the staff in ethical behaviour.
• Encourage open communication
• Be consistent.
• Abide by the laws of the land
HOW TO RESOLVE ETHICAL
DILEMMAS?
1. Analyse the consequences: Who are the beneficia
ries of your action? Who are likely to be harmed by y
our action? What is the nature of the benefits and ha
rms? How long or how fleetingly are these benefits a
nd harms likely to exist?
2. Analyse the action: Compare with moral principles
such as honesty, fairness, equality, respect for the di
gnity and rights others, recognition of the vulnerabilit
y of people who are weak.
3. Make decision
Ethical Decision Making
Approaches
 Right theories: importance to personal and property
rights. Right to free consent, freedom of conscience,
privacy, free speech, due process
 Utilitarian -Moral behavior produces the greatest
good for the greatest good for the greatest no:
 Virtual Approach-ethical actions should be
consistent with certain morally acceptable virtues.
CONTD,
The common good Approach decisions are those that best mai
ntain the rights of those people affected by them.
Justice Approach- Moral Decisions must be based on standard
s of equity, fairness, impartiality
Influences on ethical decision
making
• Work place ethics.
• Nature of Ethical Issues.
Decision Making Process
Step 1: Recognize and identify the problem
Ethical problem about nature ,conflict it raised, impact of decisi
on
Step 2: Determine whether there is an ethical issue or an et
hical dilemma
Rights of livelihood and rights of investors
Step 3: Pause and think
Think ahead and reflect on consequences of decision and cons
ult experts
Step 4: Make sure of the goals
Earn high profit for short term ,or sell a piece of land and move
the company and enable to make high profit for shareholders
Step 5: Get your facts right
facts concerning the issue and verify those(root causes ,risk involved)
Step 6: Evaluate choices from different ethical perspectives
List the choices, think in terms of rights, justice and to produce more with
least harm
Step 7: Consider consequences
Ensure to not hold any unethical option and think in terms of stakeholder
s
Step 8: Make a decision
Best and right option available
Step 9: Act then reflect on the decision later
Evaluate consequences
Personal values and ethical
decision making
Ethical decision makers needs to build and develop certain
values
• Trustworthiness
• Respect
• Responsibility
• Fairness
• Caring
• Citizenship
ETHICS AND CULTURAL
ISSUES
ETHICS AND CULTURE
Ethic is nothing but the values and belief that lead
s to good human conduct.
ETHICS BEHIND SATI
In Hindu view, all death result in the pollution for the members of the family.
If there is a widow the death pollution is focused on her and is removed from the huma
n world by her immolation.
For sati to be fully efficacious in removing impurity, it is important that the widow sho
uld be in a pure state as possible.
It is believed that sati purify not only the pollution of the death but also the wife’s bad
karma.
EHICS BEHIND WIDOWS
WEARING A WHITE SAREE
According to Hindu mythology, a wife lives for her husband's happiness and as per a
ncient Indian traditions, the husband is considered as the biggest jewel of a woman's
life
So, when a woman is widowed she is encouraged to abandon color and wear only
white.
They say sunlight is white in color and is considered as the purest of all and the
color white gives positive energy to a widow to bravely face her life's challenges, en
couraging the woman to seek god's blessings and recognize this world on a positive
note
Another argument for restricting a widow's attire to white only is the color's
symbolism of infertility, asexuality, asceticism, old age, widowhood, and death.
Thank You

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Business Ethics

  • 2. Ethical Leadership is a leadership that is directed by respect of ethical values and beliefs and for the dignity and rights of others.
  • 3. • Ethical theories on leadership talk about two main things: (a) The actions and behaviour of leaders; (b) the personality and character of leaders. • Drives and influence followers/subordinates • Treat subordinates with respect as each one of them as unique personality • Creates ethical environment in an organisation.
  • 4. Characteristics of Ethical Leader • Is humble • Is Concerned for the greatest good • Is honest • Fulfils Commitment • Strives for fairness • Takes responsibility • Shows respect for each individuals • Encourages and Develops others • Serves Others • Shows courage to stand up for what is right. https://www.youtube.com/watch?v=rrH90zd9uco
  • 6.
  • 7. Scope of work ethics •Long-term growth: sustainability comes from an ethical long-term vision which takes in to account all stakeholders. Smaller but sustainable profits long-term must be better than h igher but riskier short-lived profits. •Cost and risk reduction: companies which recognise the importance of business ethics will need to spend less protecting themselves from internal and external behavioural risks, especially when supported by sound governance systems and independent research •Anti-capitalist sentiment: the financial crisis marked another blow for the credibility of capitalism, with resentment towards bank bailouts at the cost of fundamental rights such a s education and healthcare. •Limited resources: the planet has finite resources but a growing population; without ethi cs, those resources are repleted for purely individual gain at huge cost both to current and f uture generations. •BASIC WORK ETHIC FOR AN ORGANISATION •https://www.cleverism.com/work-ethic-definition-elements-strong-work-ethic/
  • 8. BASIC WORK ETHIC FOR AN ORGANISATION •Uniform rules and regulations: An ethical organizational example is the common treatment of all st aff, i.e., with the same respect, regardless of race, culture, religion, or lifestyle, with equal chances for promotion. Therefore, small company managers should desist from favoring any one employee, for it can lead to lawsuits and is also highly counterproductive. •Communication of the rules and regulation to all employees: Company policies must be clearly c ommunicated to each employee with a transparency at all levels of the hierarchy. Employees are the s pine of all organizations and should have a say in the goals and objectives of a firm. •Respect for Employees: Respect employees and in return receive the same. Regulations should not be so rigid, and therefore, don’t expect staff to attend work two days before a marriage. If somebody i s not well, don’t ask them to attend office unless or until there’s an emergency. •Clear cut salary and promotion policy: Employees crib if they are underpaid. Make sure they get what is deserved and decided in the presence of the person. A major attrition factor is a poor appraisal, promotion prospects are ideally based on merit, not favor. Clarity is crucial.
  • 9. ETHICAL DELIMMA Ethical dilemma is moral situation where a choice has to be made between two equally undesirable alternatives. It is also known as moral dilemma Business dilemma exists when an organisational decision maker fa ces two or more options that will have various impact on – The organization profitability & competitiveness – Its stake holders
  • 10.
  • 11. Importance of Ethical act in Business Organization • Maintain good reputation of the organization by meetin g the expectation of shareholders • Protect and prevent general public from who are relate d to the organization. • Build good relationship and gain trust of the sharehold ers of organization • Protect employees of the organization • Protect business organization from dishonest & harmf ul employees, publics and competitors
  • 12. HOW TO CREATE AN ETHICAL WORKING ENVIORNMENT? • Make the decision to commit ethics. • Recognize that you are role model by definition, by your action, and by your values. • Assume the responsibility for instilling ethical behaviou r. • Articulate your values. • Train the staff in ethical behaviour. • Encourage open communication • Be consistent. • Abide by the laws of the land
  • 13. HOW TO RESOLVE ETHICAL DILEMMAS? 1. Analyse the consequences: Who are the beneficia ries of your action? Who are likely to be harmed by y our action? What is the nature of the benefits and ha rms? How long or how fleetingly are these benefits a nd harms likely to exist? 2. Analyse the action: Compare with moral principles such as honesty, fairness, equality, respect for the di gnity and rights others, recognition of the vulnerabilit y of people who are weak. 3. Make decision
  • 14. Ethical Decision Making Approaches  Right theories: importance to personal and property rights. Right to free consent, freedom of conscience, privacy, free speech, due process  Utilitarian -Moral behavior produces the greatest good for the greatest good for the greatest no:  Virtual Approach-ethical actions should be consistent with certain morally acceptable virtues.
  • 15. CONTD, The common good Approach decisions are those that best mai ntain the rights of those people affected by them. Justice Approach- Moral Decisions must be based on standard s of equity, fairness, impartiality
  • 16. Influences on ethical decision making • Work place ethics. • Nature of Ethical Issues.
  • 17. Decision Making Process Step 1: Recognize and identify the problem Ethical problem about nature ,conflict it raised, impact of decisi on Step 2: Determine whether there is an ethical issue or an et hical dilemma Rights of livelihood and rights of investors Step 3: Pause and think Think ahead and reflect on consequences of decision and cons ult experts Step 4: Make sure of the goals Earn high profit for short term ,or sell a piece of land and move the company and enable to make high profit for shareholders
  • 18. Step 5: Get your facts right facts concerning the issue and verify those(root causes ,risk involved) Step 6: Evaluate choices from different ethical perspectives List the choices, think in terms of rights, justice and to produce more with least harm Step 7: Consider consequences Ensure to not hold any unethical option and think in terms of stakeholder s Step 8: Make a decision Best and right option available Step 9: Act then reflect on the decision later Evaluate consequences
  • 19. Personal values and ethical decision making Ethical decision makers needs to build and develop certain values • Trustworthiness • Respect • Responsibility • Fairness • Caring • Citizenship
  • 21. ETHICS AND CULTURE Ethic is nothing but the values and belief that lead s to good human conduct.
  • 22. ETHICS BEHIND SATI In Hindu view, all death result in the pollution for the members of the family. If there is a widow the death pollution is focused on her and is removed from the huma n world by her immolation. For sati to be fully efficacious in removing impurity, it is important that the widow sho uld be in a pure state as possible. It is believed that sati purify not only the pollution of the death but also the wife’s bad karma.
  • 23. EHICS BEHIND WIDOWS WEARING A WHITE SAREE According to Hindu mythology, a wife lives for her husband's happiness and as per a ncient Indian traditions, the husband is considered as the biggest jewel of a woman's life So, when a woman is widowed she is encouraged to abandon color and wear only white. They say sunlight is white in color and is considered as the purest of all and the color white gives positive energy to a widow to bravely face her life's challenges, en couraging the woman to seek god's blessings and recognize this world on a positive note Another argument for restricting a widow's attire to white only is the color's symbolism of infertility, asexuality, asceticism, old age, widowhood, and death.