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MBFSE INTERNATIONAL CONFERENCE 2014
NEW DELHI, INDIA
INCORPORATING BUSINESS ETHICS
INTO GOVERNANCE FOR
SUSTAINABLE ORGANIZATIONAL
DEVELOPMENT; THE SMALL SCALE
APPROACH.
13/04/2015
Business Ethics for Sustainable
Organisational 1
Vincent Konadu Tawiah
M.com, University of Mysore,
India
vincentkonadu@gmail.com
ABSTRACT
 Trade off between healthy environment and business
growth.
 Three major connections namely bearable, viable and
equitable
 Sustainable practices, 3Rs, going green, fair and
equitable remuneration
 Law of karma” and desist from “tragedy of commons
13/04/2015
Business Ethics for Sustainable
Organisational 2
METHODOLOGY
 Secondary data (books, articles and journal)
 Linking ethics to sustainable development
 Rooting out the bottom line of sustainable business
development
 Brings out connections among the bottom line variables
 Detailed out some practices small scale business can adopt
to achieve sustainable business development
13/04/2015
Business Ethics for Sustainable
Organisational 3
DEFINITIONS
 Business Ethics using the right means to achieve a
right objective for the benefit of all including the
environment.
 Sustainability: “Meeting the needs of the present
without compromising the ability of future generations
to meet their own needs.” (United Nations, 1987)
 Business sustainable development means adopting
business strategies and activities that meet the needs of
the enterprise and its stakeholders today while
protecting, sustaining and enhancing the human and
natural resources that will be needed in the future.13/04/2015
Business Ethics for Sustainable
Organisational 4
ECONOMIC
This element on the other
hand looks at how business
responses to the economic
well being of people
SOCIAL
The social element
evaluate the how business
activities affect its people
welfare especially
employees
ENVIRONMENT
This element examines business
activities on natural resources and
natural environment.
TRIPLE BOTTOM LINE SUSTAINABLE DEVELOPMENT
13/04/2015
Business Ethics for Sustainable
Organisational 5
13/04/2015
Business Ethics for Sustainable
Organisational 6
The connections
bearable
sustainable
social
viable
equitable
VIABLE
•Reduce
•Reuse
•Recycle.
EQUITABLE
•High quality products
•Low pricing products
•Non discrimination at
workplace
•Equitable remuneration
13/04/2015
Business Ethics for Sustainable
Organisational 7
BEST PRATICES
CONCLUSION
Business should not only say we conserving
so much water; also they should say how
much ground water they are depleting. In
salaries, say how it compares with salaries of
other companies in the area, how it impacts
the area
13/04/2015
Business Ethics for Sustainable
Organisational 8
13/04/2015
Business Ethics for Sustainable
Organisational 9

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Incorporating ethics into substainable development

  • 1. MBFSE INTERNATIONAL CONFERENCE 2014 NEW DELHI, INDIA INCORPORATING BUSINESS ETHICS INTO GOVERNANCE FOR SUSTAINABLE ORGANIZATIONAL DEVELOPMENT; THE SMALL SCALE APPROACH. 13/04/2015 Business Ethics for Sustainable Organisational 1 Vincent Konadu Tawiah M.com, University of Mysore, India vincentkonadu@gmail.com
  • 2. ABSTRACT  Trade off between healthy environment and business growth.  Three major connections namely bearable, viable and equitable  Sustainable practices, 3Rs, going green, fair and equitable remuneration  Law of karma” and desist from “tragedy of commons 13/04/2015 Business Ethics for Sustainable Organisational 2
  • 3. METHODOLOGY  Secondary data (books, articles and journal)  Linking ethics to sustainable development  Rooting out the bottom line of sustainable business development  Brings out connections among the bottom line variables  Detailed out some practices small scale business can adopt to achieve sustainable business development 13/04/2015 Business Ethics for Sustainable Organisational 3
  • 4. DEFINITIONS  Business Ethics using the right means to achieve a right objective for the benefit of all including the environment.  Sustainability: “Meeting the needs of the present without compromising the ability of future generations to meet their own needs.” (United Nations, 1987)  Business sustainable development means adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today while protecting, sustaining and enhancing the human and natural resources that will be needed in the future.13/04/2015 Business Ethics for Sustainable Organisational 4
  • 5. ECONOMIC This element on the other hand looks at how business responses to the economic well being of people SOCIAL The social element evaluate the how business activities affect its people welfare especially employees ENVIRONMENT This element examines business activities on natural resources and natural environment. TRIPLE BOTTOM LINE SUSTAINABLE DEVELOPMENT 13/04/2015 Business Ethics for Sustainable Organisational 5
  • 6. 13/04/2015 Business Ethics for Sustainable Organisational 6 The connections bearable sustainable social viable equitable
  • 7. VIABLE •Reduce •Reuse •Recycle. EQUITABLE •High quality products •Low pricing products •Non discrimination at workplace •Equitable remuneration 13/04/2015 Business Ethics for Sustainable Organisational 7 BEST PRATICES
  • 8. CONCLUSION Business should not only say we conserving so much water; also they should say how much ground water they are depleting. In salaries, say how it compares with salaries of other companies in the area, how it impacts the area 13/04/2015 Business Ethics for Sustainable Organisational 8
  • 9. 13/04/2015 Business Ethics for Sustainable Organisational 9