Scribd
Upload
49 views

Business Ethics: The Nature of Morality

The document outlines the course evaluation components and grading breakdown for a Business Ethics course. It presents two ethical dilemma cases for discussion and covers various topics related to business ethics including the definition of ethics, distinguishing between moral and non-moral standards, and the role of etiquette in business. The document concludes by assigning students to write an essay analyzing business ethics practices in their society and how they contribute to business sustainability.

Uploaded by

Micheal Myo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
49 views

Business Ethics: The Nature of Morality

The document outlines the course evaluation components and grading breakdown for a Business Ethics course. It presents two ethical dilemma cases for discussion and covers various topics related to business ethics including the definition of ethics, distinguishing between moral and non-moral standards, and the role of etiquette in business. The document concludes by assigning students to write an essay analyzing business ethics practices in their society and how they contribute to business sustainability.

Uploaded by

Micheal Myo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 12

1.

Business Ethics
MGT503

The Nature of Morality


Course Evaluation
• - Consists of Two components, namely:
• 1. Continuous Evaluation:
– Quizzes 10%
– Assignment 10%
– Mid- semester exam 20%
• 2. Final Examination: 60%
• TOTAL 100%
Business Ethics (MGT503)
• Reference Book:

– 1. Business Ethics 7ed by William H Shaw . 2011.


Wadsworth, Cengage Learning. ISBN-13:978-0-
495-81351-4
– 2. Business Ethics by Laura P. Hartman, Tata
McGraw-Hill, New Delhi. 2004
Ethical Delemma
• Discuss the following scenarios:
Case A: A customer asked for a product. After telling
him of the price, he said he can’t afford it. You know
he can get it cheaper from your competitors. Should
you tell him?
Case B: “A” told “B” that he (A) plans to quit.
Meanwhile the boss told “B” that he is not going to
be promoted because “A” is the candidate. “A” & “B”
joint the company at the same time. Should “B” tells
“A” of the news?
Introduction to Business Ethics

 What is ethics? The study of right and


wrong, duty and obligation, moral norms,
individual character, and responsibility.
 What is business ethics? The study of right
and wrong, duty and obligation, moral
norms, individual character, and
responsibility – in the context of business.
Moral Versus Nonmoral Standards

 Nonmoral standards: Standards about


behavior or practices with no serious or
immediate effects upon human well-being.
 Moral standards: Standards about behavior
or practices with serious or immediate
effects upon human well-being.
Some Features of Moral Standards

Moral standards take priority over non-


moral standards.
The soundness or validity of moral
standards depend on the quality of the
arguments or the reasoning that support
them.
Non-moral Standard
• Society is governed by:
– Values
• Are the relatively permanent and deeply held desires of
individual
– Norms
• Are rules and patterns of behavior that are accepted
and expected by members of the society/team
– Etiquettes
• The customs or rules (unwritten code of practice)
governing behavior regarded as correct or acceptable in
social or official life
Morality and Etiquette
 Rules of etiquette are non-moral in character
and are meant to serve as guidelines for
socially acceptable behavior.
 Violations of etiquette can sometimes have
moral implications.
 The strict observance of rules of etiquette can
sometimes conceal serious moral issues.
Etiquettes of Business in Islam by Muhammad Yusuf Islahi
(www.slidesshare.net/kingabid/ettiquttes-of-life-in -islam )

1. Conduct your business diligently and with interest.


Earn your living by your sweat, and not as parasites
on others.
2. Carry on your business in right earnest and earn as
much as you can so that you may not be
dependence on others
3. Promote your business by truthful means.
4. Be honest and trustworthy in business dealing
5. Supply the best quality of goods
6. Be punctual
7. Work hard and demand hard and sincere
work from your employee
8. Be polite and liberal to your customers
9. Do not hoard anticipating a rise in price
10.Give customers full value of their money –
stick to one standard
Assignment
• Write an essay on:
“Business ethics practices in your
society/country”.
• Do you think that those ethics contribute to
business sustainability? Provide reasons and
relevant examples to substantiate your
answer.

You might also like