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    Chapter 1 - Introduction To Business Ethics

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    Nurhidayah Binti Khairudin
    The document discusses the introduction to business ethics course, outlining three course learning outcomes focusing on concepts like corporate social responsibility and ethical decision making. It also provides an overview of the chapter which will define and differentiate between ethics and morality, and recognize ethics' importance in business. The chapter will cover topics such as universally accepted moral values and the benefits of managing ethics in the workplace.

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    Chapter 1 - Introduction To Business Ethics

    Uploaded by

    Nurhidayah Binti Khairudin
    264 views15 pages
    The document discusses the introduction to business ethics course, outlining three course learning outcomes focusing on concepts like corporate social responsibility and ethical decision making. It also provides an overview of the chapter which will define and differentiate between ethics and morality, and recognize ethics' importance in business. The chapter will cover topics such as universally accepted moral values and the benefits of managing ethics in the workplace.

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    The document discusses the introduction to business ethics course, outlining three course learning outcomes focusing on concepts like corporate social responsibility and ethical decision making. It also provides an overview of the chapter which will define and differentiate between ethics and morality, and recognize ethics' importance in business. The chapter will cover topics such as universally accepted moral values and the benefits of managing ethics in the workplace.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    264 views15 pages

    Chapter 1 - Introduction To Business Ethics

    Uploaded by

    Nurhidayah Binti Khairudin
    The document discusses the introduction to business ethics course, outlining three course learning outcomes focusing on concepts like corporate social responsibility and ethical decision making. It also provides an overview of the chapter which will define and differentiate between ethics and morality, and recognize ethics' importance in business. The chapter will cover topics such as universally accepted moral values and the benefits of managing ethics in the workplace.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    DIPLOMA IN BUSINESS STUDIES

    MGMT 102- BUSINESS ETHICS


    Chapter 1: Introduction to Business Ethics
    Lecturer : Mdm Nurhidayah
    GIC/ACAD/DLE/1013/22/09/001

    COURSE LEARNING OUTCOMES (CLO)

    CLO 1 - Explain the fundamental concept in the socially responsible corporation, corporate
    responsibility, company policies, social responsibility, managing social responsibility programs,
    cost benefit analysis, ethics and law and ethics.

    CLO 2 - Demonstrate a role play that related to the above-named topics.

    CLO 3 - Discuss the use of ethical decision-making process relevant to modern business practice

    ver.Sept2022
    Learning outcomes

    At the end of this chapter, you should be able to:


     Define and differentiate between ethics and morality
     Understand how ethics is developed in an characteristic of
    moral standard
     Recognize ethics and its importance in the business nature
    CONTINUOUS ASSESSMENT TIMELINE

    WEIGHTAGE EXPECTED
    NO. ASSESSMENTS
    (%) DATELINE

    1 TEST 20 7th WEEK

    2 PRESENTATION 10 11st WEEK

    3 ASSIGNMENT 20 11st WEEK

    4 FINAL EXAM 50 16th WEEK


    Ethics in definition?

     The term “ethics” is derived from Greek word ethos,


    which means character, spirit and attitudes of people or
    culture.
     A set of principles that contains behavioral code to
    determine what is right or wrong.
    What is business ethics?

     Business ethics is an oxymoron: it brings together two


    contradictory concepts, such as in ‘a cheerful pessimist’.
     It is about what is morally right or wrong.
    Morality

    Sense of behavioral – Moral Value – Help in Moral standard –


    Conduct that differentiates
    understanding how, why and created to keep society
    intentions, decisions and
    to what degree human should functioning in an optimum
    actions between those that are
    value things. way.
    good and bad
    Characteristics of Moral Standards

    I. Deal with serious injure or benefit.


    II. Not formed/changed by the decision of particular
    authoritative bodies.
    III. Moral obligation even.
    IV. Everyone’s interest are impartially counted as equal.
    V. Re-associated with special emotions.
    Differentiate between ethics and morality.

    Is concern with the norm, value and belief


    Morality embedded in social processes which define right or
    wrong for an individual or a community.

    Is the study of moral standards whole explicit


    Ethics purpose is to determine, as far as possible, whether
    a given moral standards or judgmental based on that
    standard is more or less
    Business and Business Ethics

     Principles and business standard that guide behavior in


    business field.
     Often determine by stakeholders.
     Money is the major deciding factor.
     Public to make sure that company adheres to correct
    business ethic.
    Factors that influences ethical value of an
    individual

    Socialization
    Experience and
    Upbringing process (behavior
    critical reflection
    of surrounding
    process)

    The explicit and


    implicit standards Religion
    of culture
    Universally Accepted moral values
    Good Values Explanations

    Compassion The virtue of empathy for the suffering of others

    courage Ability to faced danger, pain and other test of life without
    showing fear.

    Respect for human and Politeness or manners towards any individual’s feelings in any
    non human kind of relationship

    Self control Ability to control desires through strong willpower

    Honesty Telling the truth, not lying, cheating or stealing.

    Integrity Being upright, honest and uphold good of principles in life.


    Benefits of managing ethics in the workplace

    1. Attention to business ethics has substantially improved society.


    2. Ethics programs help maintain a moral course in turbulent times.
    3. Ethics programs cultivate strong teamwork and productivity.
    4. Ethics programs support employee growth and meaning
    Benefits of managing ethics in the workplace

    5. Ethics programs are an insurance policy – they help ensure that


    policies are legal
    6. Ethics programs help avoid criminal acts “of omission” and can
    lower fines.
    7. Ethics programs help manage values associated with quality
    management, strategic planning and diversity management.
    8. Ethics programs promote a strong public image.
    Reference
    • Linda, K.T, & K.T & Katherine, A.N. (2021). Managing Business Ethics: Straight
    Talk about How to Do It.
    • Praveen, P. (2018). Business Ethics. Routledge Taylor & Francis Group.
    • Stephen, M.B & Kurt, S. et al (2019). Business Ethics. OpenStax. .

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