BUSINESS ETHICS

1. EthicalEthical
Dilemmas,Dilemmas,
Sources &Sources &
TheirTheir
ResolutionsResolutions

2. Presented ByPresented By
Tamim TanvirTamim Tanvir
Shehab SharierShehab Sharier
Marina SultanaMarina Sultana
Abdullah al MarufAbdullah al Maruf
Sushmoy PerisSushmoy Peris
Proshanto PodderProshanto Podder
Sumaya rahmanSumaya rahman

3. THE OBJECTIVE OF THIS PRESENTATIONTHE OBJECTIVE OF THIS PRESENTATION
KNOW ABOUT
• Ethical dilemma
• Affect on business
• Code of personal
ethics for
employees
• Ethical work
environment
• Negative image
PROBLEMS AND
SOLUTIONS
• Source of ethical
problems
• How to establish
ethical standards
• How to resolve
ethical dilemmas

4. Ethical DilemmaEthical Dilemma
Ethical dilemma is moral situation where aEthical dilemma is moral situation where a
choice has to be made between two equallychoice has to be made between two equally
undesirable alternatives.undesirable alternatives.
It is also known as moral dilemma.It is also known as moral dilemma.
In these moral situations societal & personalIn these moral situations societal & personal
ethical guidelines can provide no satisfactoryethical guidelines can provide no satisfactory
outcome for solving dilemma.outcome for solving dilemma.

5. IMPACTIMPACT
• Its mainly impact on
organization profitability
& competitiveness
&
• Its stake holders

6. Results in ethical dilemmaResults in ethical dilemma

7. Some ethical problem cause ethical dellemas

8. Ethical Dilemmas and its effect on BusinessEthical Dilemmas and its effect on Business
Corporate management is in dilemmas to follow ethics in business or toCorporate management is in dilemmas to follow ethics in business or to
favor stakeholders. The major ethical Dilemmas those affect any businessfavor stakeholders. The major ethical Dilemmas those affect any business
are:are:
Shareholders.Shareholders.
Employees.Employees.
Society.Society.
Creates negative image.Creates negative image.

9. AFFECT ON THE STAKEHOLDERSAFFECT ON THE STAKEHOLDERS

10. Negative ImageNegative Image
 Negative image is the bad impression of a company or anyNegative image is the bad impression of a company or any
individual because of wrong or dishonest activity.individual because of wrong or dishonest activity.
 only focusing on the economic profit rather than social welfare.only focusing on the economic profit rather than social welfare.
 low quality products.low quality products.
 Most often companies have negative image to favor anyone of theMost often companies have negative image to favor anyone of the
stakeholdersstakeholders

11. Sources of Ethical ProblemsSources of Ethical Problems
Ethical Dilemmas can occur by changes in:-Ethical Dilemmas can occur by changes in:-
Law.Law.
Economic system.Economic system.
Ideologies.Ideologies.
New technologies.New technologies.
Religious.Religious.
Cultural and social beliefs.Cultural and social beliefs.

12. The major ethical problems may
occur due to………

13. some ethical challengessome ethical challenges
 Wage discrimination structures of the employees.Wage discrimination structures of the employees.
 Overtime work of women & children in factories.Overtime work of women & children in factories.
 Fix the appropriate price and profit in market.Fix the appropriate price and profit in market.
 Shift business for the betterment of the society.Shift business for the betterment of the society.
 Distribute unfair shares between the stakeholdersDistribute unfair shares between the stakeholders
and employees of the organization.and employees of the organization.
 provide quality product to the customers.provide quality product to the customers.

14. Importance of Ethical act in BusinesImportance of Ethical act in Busines
OrganizationOrganization
Maintain good reputation of the organization byMaintain good reputation of the organization by
meeting the expectation of shareholders.meeting the expectation of shareholders.
Protect and prevent general public from who areProtect and prevent general public from who are
related to the organization.related to the organization.
Build good relationship and gain trust of theBuild good relationship and gain trust of the
shareholders of organization.shareholders of organization.
Protect employees of the organization.Protect employees of the organization.
Protect business organization from dishonest &Protect business organization from dishonest &
harmful employees, publics and competitors.harmful employees, publics and competitors.

15. Reduce & Resolve Dilemmas in BusinessReduce & Resolve Dilemmas in Business
Establishing corporate code of conducts for employees andEstablishing corporate code of conducts for employees and
follow those rules Strictly.follow those rules Strictly.
Employ highly skilled people in the top level of theEmploy highly skilled people in the top level of the
corporation who have reputation for standard ethicalcorporation who have reputation for standard ethical
behavior.behavior.
Reward to employee who maintain good ethical conducts inReward to employee who maintain good ethical conducts in
their corporate job Performance.their corporate job Performance.
Follow Personal Code of Ethics for Employees.Follow Personal Code of Ethics for Employees.

16. Reduce & Resolve Dilemmas in BusinessReduce & Resolve Dilemmas in Business
Effective and open communication with every employees.Effective and open communication with every employees.
A manager must judge his actions by the fundamentalA manager must judge his actions by the fundamental
humanhuman
characteristics such as honesty, transparency, impartiality,characteristics such as honesty, transparency, impartiality,
fairness & equality.fairness & equality.
Avoid situations that create conflict of interest and actAvoid situations that create conflict of interest and act
integrity.integrity.
Create an Ethical Working Environment.Create an Ethical Working Environment.

17. ConclusionConclusion
In business farms Ethical problems mainly involve taking decisionsIn business farms Ethical problems mainly involve taking decisions
about a range of actions and consequence of results in achievingabout a range of actions and consequence of results in achieving
business goals.business goals.
While making decisions through ethical dilemmas a manager haveWhile making decisions through ethical dilemmas a manager have
to choose the value that is most suitable and important regardingto choose the value that is most suitable and important regarding
fulfilling the corporation’s vision & mission.fulfilling the corporation’s vision & mission.
An ethical business organization must treat all its shareholders,An ethical business organization must treat all its shareholders,
employees and society equally by avoiding any conflict of interest.employees and society equally by avoiding any conflict of interest.
Judge every action in a fair manner.Judge every action in a fair manner.

18. Thank YouThank You