Introduction to Business Ethics. My Lecture to MBA students 2013 Concepts , Principles, Quiz, Cartoon, Pictures.

1. Dhananjay Parkhe
Business Ethics 1

3.  Prof. Dhananjay Parkhe ‘Jay’
 B.Sc(Agri. Hons),( University Top 5) M.A. Econ. PGDMM ( Topper) ,
PGDBM ( Incomplete)
 Certified Independent Director, Executive Coach, C Suite Mentor,
 Certified Excellence Assessor. CII EXIM BANK EXCELLENCE AWARDS.
Certified Assessor – ISO 9001, ISO 18001, ISO 14001, SA 8000, Investor
in People
 Retired MNC Director – CSR, INTEGRITY, SECURITY, PUBLIC AFFAIRS
AND FRAUD INVESTIGATIONS, Quality Management Systems Over 5
Billion Euros Dutch MNC. Indian Business turnover – Over 1000
Crores .Ex-Chairman – Disciplinary Action Committee, Ethics and
Compliance Committee. EX- Regional Director/ Regional General
Manager – Profit Centre Head Over 150 Crore Business Responsibility
 Ex-Governing body member – Indian Institute of Foreign Trade, New
Delhi. Ex- Advisory Panel Member – Central Board of Film Certification,
Mumbai. Ex- Board Member – Express Industry Council of India. Ex-
Core Committee Member – CII Road Safety Committee. Life Member –
National HRD Network

5.  Prof. Dhananjay Parkhe ‘Jay’
 Advisor – Corporate Executive Education and External Affairs
AND Academic Council Member – Samvit School of Infrastructure
Business, Pune ( Affiliated to Mysore University).
 Failed Entrepreneur ( Courier, Logistics, Headhunter,
International Trading, Consulting, Training and Development)
 Worked with Bank of India, Madras Fertilizers Limited ( Both
Public Sector). Hico Products Limited ( Industrial Chemicals and
Agrochemicals), Skypak Couriers Ltd, TNT INDIA PVT LTD.
 Associated with CII, FICCI, ASSOCHAM, BCIC, DMA, BMA,
EUCCI, ECGI, EAIE, BCAI, etc.
 Associated with Symbiosis since 2000. Off and On Guest Faculty
at SIBM Pune, MET Mumbai, MERC Pune, Khalsa IBM, Mumbai,
Academy of Excellence, Mumbai etc.

6.  I treat Mentoring as my personal CSR. My personal - Giving back to
the Society.
 The Society, and the helpful people who helped me to come up this
far.
 From humble beginnings, studying with the help of Educational Free-
ship by charitable people, Merit and Merit cum poverty scholarships;
to allowing me to work and earn while keeping my focus on learning,
(Child labor was not a bad thing in the ‘60’s and ‘70’s) by doing part-
time jobs, I feel that I owe it to Society and do something.
Mentoring is a subject close to my heart.
 I had some great mentors myself, early in my career, and in recent
past I've been devoting well over half of my time to mentoring
others.
 First, I think you should never have to pay a mentor. An adviser who
asks to be paid is not a mentor. He or she is a consultant, and the
relationship is a commercial one. ( I do Pro bono Consulting as well.
This is different from my mentoring.) Business Ethics 6

7.  To me, mentoring relationship is based strictly on mutual respect. As a mentor
I am motivated by nothing more than the desire to help. The person receiving
the mentoring should be there to learn from my experience and advice.
 Second, a mentor's role is not to advise you but rather to give you a different
way of thinking. I often have to remind my mentees that I'm not telling them
what they should do. I'm simply offering another perspective, based on my
experience. It's critical that they consider what I say to them, but then make
their own decisions.
 Otherwise, if things don't work out, they will blame my advice—and miss out
on the opportunity to learn from the best teacher of all: experience. A mentor
is not so much an adviser but a sounding board.
 As for finding a mentor, there is no particular formula. from my family
members, Teachers, Spiritual Gurus, Political leaders, Religious leaders and
Bosses.
 My mentees have also come from various sources—requests from students,
friends, past colleagues, meetings, conferences, my Networks, my Linkedin
Groups, , as also calls out of the blue.
 You can reach me on prof_jay@hotmail.com
Business Ethics 7

8. Then
Satan
said,
"Let
there
be math."

10. 1-
10

13. Immanuel Kant

21. The meaning of "ethics" is hard
to pin down, and the views
many people have about ethics
are shaky.
Business Ethics 21

23. Business ethics is not about scolding,
moralizing, or telling people to be
nice
It can’t just be dismissed altogether
because ethics in business is
unavoidable
You can choose to not understand
the ethics you’re doing (you can
always keep your eyes and ears 1-23

26. This SIBM Course in Business Ethics and Social
Responsibility delves into issues which are now very
current, but which have far-reaching consequences
for businesses, stakeholders and the communities
with which it interacts.
The course is suitable for any type of business or
organization because it begins with a philosophical
base.
This understanding can then be applied to any
specialization of business.
Business Ethics 26

27.  Business Ethics: The application of ethical standards to business
behavior.
 Code of Ethics: A company’s written standards of ethical behavior
that are designed to guide managers and employees in making the
decisions and choices they face every day.
 Corporate Governance: The system by which business corporations
are directed and controlled.
 Ethical Dilemma: A situation in which there is no obvious right or
wrong decision, but rather a right or right answer.
 Oxymoron: The combination of two contradictory terms, such as
“deafening silence” or “jumbo shrimp.”
 Stakeholder: Someone with a share or interest in a business
enterprise.

30. Session/ Chapter Outline
Session Key Terms and Definitions
Main Lecture Slides
Session / Lecture Notes
Session Exercises
Session Quiz / Discussion/ Question
Answers
Session Related Resources Folders –
Docs, pdf, ppt
Business Ethics 30

31.  Students are assessed continuously
throughout the Course (i.e. per module).
Students are required to submit:
 Two projects/ Case Studies addressing
each of the following subject areas in Parts
One and Two, of approximately 12 to 18
slides each.
 One Class Quiz Tests.
 One Final Written Test
Business Ethics 31
What shall WE learn?

33.  Students in this Course work independently and in self-Students in this Course work independently and in self-
managed groups of 8-9 students in each Group.managed groups of 8-9 students in each Group.
 Independent work will be expected of all students.Independent work will be expected of all students.
 Online interactive forums may be used as medium forOnline interactive forums may be used as medium for
program delivery.program delivery.
 Students will be required to acquire two mainStudents will be required to acquire two main
textbooks that will see them through the Course.textbooks that will see them through the Course.
 Details will be provided by PGP Coordinators. StudentsDetails will be provided by PGP Coordinators. Students
will follow up subsidiary reading from thewill follow up subsidiary reading from the
bibliographies in these books, from other sources, orbibliographies in these books, from other sources, or
via guidance from their mentor.via guidance from their mentor.
Business Ethics 33

35. Develop ethical reasoning skills to
tackle ethical issues in your work
Apply these skills to the resolution of
practical ethical problems that arise across
working life
Focus on ethical issues arising in your
own area of work, and discuss your
experience with people from other
professional backgrounds
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36.  Some years ago, sociologist Raymond
Baumhart asked business
people,"What does ethics mean to
you?” Among their replies were theAmong their replies were the
following:following:
Business Ethics 36

37.  "Ethics has to do with what my feelings tell me is right
or wrong.“
 "Ethics has to do with my religious beliefs.“
 "Being ethical is doing what the law requires.“
 "Ethics consists of the standards of behaviour our
society accepts.“
 "I don't know what the word means."
 These replies might be typical of our own.
The meaning of "ethics" is hard to pin down, and
the views many people have about ethics are
shaky.
Business Ethics 37

38.  Webster: Relating to, or treating of morals.
Science of morals, moral principles, rules of
conduct.
 Weiss: Asking what is “right and wrong,
good and bad, and harmful and
beneficial…”
 Bruce Kaye: (Law, Morality and the Bible)
“The ultimate goal of the day-to-day ethical
actions of the Christian is the glory of God.”
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39. “In just about every gangster movie there is a
scene where the mob boss says,
'Hey, I’m just a businessman.”
― William Hageman

40. “There may be times when we
are powerless to prevent
injustice,
but there must never be a time
when we fail to protest.”
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41. “It is forbidden to kill;
therefore all murderers are
punished unless they kill in
large numbers and to the
sound of trumpets.”
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42. It will help Management Students:
To foster an understanding of the moral,
social and economic environments within
which moral issues occur
To introduce to the Students the moral concepts
and theories that are required to tackle these
problems
To develop the necessary reasoning and
analytical skills for accomplishing this.
Business Ethics 42

43. Is business about doing the right
thing for and by everyone?
Are you Serious about building
and protecting your business's
reputation?
Do you Want your business to be
entrenched within the community
in which it operates?
Business Ethics 43

45. “There are two types of people
in this world, good and bad.
The good sleep better, but the
bad seem to enjoy the waking
hours much more.”
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46. Ethics is not routinely taught to
science students except in
medicine,
and I think it should be.and I think it should be.

47. Divorced from ethics,
leadership is reduced to
management and
politics to mere
technique.
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49. Ethics are not necessarily to
do with being law-abiding.
I am very interested in the
moral path, doing the right
thing.
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52. Laura Nash* has defined business
ethics as
“the study of how personal moral
norms apply to the activities and
goals of commercial enterprise,”
as dealing with three basic areas
of managerial decision making:
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53. 1. Choices about what the laws should be and whether
to follow them
2. Choices about economic and social issues outside
the domain of law
3. Choices about the priority of self-interest over the
company’s interests
*Laura Nash, Ph.D., has been an author, educator and consultant in business ethics and leadership for
the past twenty five years.
Business Ethics 53

54.  "Always do right - this will gratify some and
astonish the rest.”
 Don't be too honest in this world, straight trees get
cut first.
 "All wrong-doing is done in the sincere belief that
it is the best thing to do.”
 A man without ethics is a wild beast loosed upon
this world. Albert Camus
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55. Business Ethics 55
The Voice
There is a voice inside of you
That whispers all day long,
“I feel that this is right for me,
I know that this is wrong”.

56.  If you knew a woman who was pregnant,
who had eight children already,
three who were deaf, two who were blind,
one mentally retarded,
and she had a veneral disease,
would you recommend that she have an
abortion?
 Remember your honest answer and go to question 2.
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57.  It is time to elect the world
leader, and yours is the
deciding vote.
Here are the facts about the
three leading candidates:
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58.  Candidate A: He associates with crooked politicians, and
consults with astrologers. He's had two mistresses. He
also chain smokes and drinks up to ten Martinis a day.
 Candidate B: He was ejected from office twice, sleeps until
noon, used opium in college and drinks a large amounts of
whisky every evening.
 Candidate C: He is a decorated war hero. He's a
vegetarian, doesn't smoke, drinks an occasional beer and
hasn't had any extra-marital affairs.
 Which of these candidates would be your choice?
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59.  Decide, then see the answer below.
Candidate A is Franklin D Roosevelt,
Candidate B is Winston Churchill, and
Candidate C is Adolph Hitler.
 And by the way the answer to the abortion
question...
 If you said yes, you just killed Beethoven
Business Ethics 59

61. “Because every exchange is always a relationship, to get the most
while giving the least is unjust, unethical, antisocial, abusive,
perhaps 'evil.' Yet predatory commerce ("the free market" as it is
euphemistically called) operates regularly on the principle of 'get
the most and pay the least.”
― James Hillman

62.  Top management keeps promises and
discusses the importance of ethics
 Good role models for ethical behavior;
honesty and respect practiced more
 Less unethical behavior observed
since 2000
 More misconduct being reported by
employees since 2000
Business Ethics 62

63.  Government
 Sales
 Law
 Media
 Finance
 Medicine
 Banking
 Manufacturing
Business Ethics 63

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67. 1-
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71. 1-71

72. Quick and easy …
First thoughts that comes to
your mind.
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73.  Answer each question with your first
reaction.
 Circle the number,
 from 1 to 4, that best represents your
beliefs
 if 1 represents “Completely Agree”
and
 4 represents “Completely Disagree.”
Business Ethics 73
QUICK TEST OF YOUR ETHICS BELIEFS

74. I consider myself the type of person who does
whatever it takes to get the job done, period.
1 2 3 4
Ethics should be taught at home and in the
family, not in professional or higher
education.
1 2 3 4
I believe that the “golden rule” is that the
person who has the gold rules.
1 2 3 4
Rules are for people who don’t really want to
make it to the top of a company.
1 2 3 4
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75. Acting ethically at home and with friends is not the
same as acting ethically on the job.
1 2 3 4
I would do what is needed to promote my own
career in a company, short of committing a serious
crime.
1 2 3 4
Cut-throat competition is part of getting ahead in
the business world.
1 2 3 4
Lying is usually necessary to succeed in business.
1 2 3 4
Business Ethics 75

76. I would hide truthful information about
someone or something at work to save
my job.
1 2 3 4
I consider money to be the most
important reason for working at a job or
in an organization.
1 2 3 4
Add up all the points.
• Total Score is _________
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77. Add up all the numbers you circled.
What was your grade? 10? 15? 30? 40?
……………………………………………..
The lower the score, the more questionable
are your ethical principles regarding
business activities.
10 is the lowest …
40 is the highest.
Consider why you answered as you did.
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80.  Should you be allowed to surf the Web at work?
Why or why not?
 Are your telephone calls monitored where you
work? If they are, how does that make you feel? If
they aren’t monitored, how would you feel if that
policy were introduced?
 What would you do if someone sent you an email
at work that you found offensive? Would you just
delete it or say something to that person?
 If you had a chance to work from home and
telecommute, would you take it? If the opportunity
meant that you had to allow your company to
monitor every call on your phone and every
keystroke on your computer, would you still take it?
Explain why or why not.
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89. Conclusion
 It’s not true that doing business equals being
deceitful, so it’s false to assert that business
ethics is necessary to cure the ills of
commerce
 It is true that the business world may be left
to control its own excesses through
marketplace pressure, but that doesn’t
mean business escapes ethics
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91. Business Ethics 91