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Ethics Reviewer

The document discusses the importance of business ethics and social responsibility for startups. It provides definitions of business ethics and social responsibility and explains that they are important for attracting top talent, employee engagement, competitive advantage, and brand reputation. It also gives tips for startups to integrate ethics such as defining values early, incorporating ethics in hiring, and leading with integrity.

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Maye Pilapil
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0% found this document useful (0 votes)
28 views4 pages

Ethics Reviewer

The document discusses the importance of business ethics and social responsibility for startups. It provides definitions of business ethics and social responsibility and explains that they are important for attracting top talent, employee engagement, competitive advantage, and brand reputation. It also gives tips for startups to integrate ethics such as defining values early, incorporating ethics in hiring, and leading with integrity.

Uploaded by

Maye Pilapil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Lesson 1 11.

Examines how a man or a woman is accountable


“ A man without ethics is a wild beast loosed upon this for his or her actions and its consequences;
world” – Albert Camus 12. Proposes how a man or a woman ought to live
RTU VISION his or her life meaningfully;
A leading technology-driven university responsive to the 13. Custom, habit, disposition, character based on
developmental needs of changing societies standards set by the authorities;
RTU MISSION 14. Concerned with morality, the quality which
To develop globally competitive and socially responsible makes an act good or evil, correct or wrong;
professionals through technology-driven instructions, 15. Explains the rational basis why actions are moral
innovative researches, and sustainable extension or immoral;
programs that will enhance the lives of people in the 16. Well-founded standards of right and wrong;
communities 17. Obeying what the laws require;
Lesson 2 18. Societal guidelines for an orderly behavior;
RIGHT OR WRONG 19. Conforms to universal laws; and,
"Our greatest glory is not in never failing, but in rising 20. Beyond reciprocity, has a spiritual dimension
up every time we fail.”- Ralph Waldo Emerson which is beyond honesty, fairness, justice, compassion.
IMPORTANCE OF ETHICS
 Part of technological, business, academic,
20 engineering, social, cultural, economic,
political, leadership, management decision
making process
 Applies scientific approach for enlightenment
and good governance
 Pro objectivity addressing subjectivity
 Roadmap to right living
 Right appraisal/judgment/evaluation
 Solid principles
 Time-tested values
Definitions of Ethics  Sense of fulfillment for both private and
1. A set of rules for human behavior or a study of professional life
judgments of value, of good and evil, right and wrong  Discernment of what is right from wrong
desirable and undesirable;  Improvement of society
2. Practical science of the morality of human  Moral compass in turbulent times
conduct, based on reciprocity;  Promotion of teamwork by following the rules
3. Derived from the Greek word ethos, which of the game
means a characteristic way of acting;  Enhancement of productivity
4. Latin equivalent is mos and mores, from which  Professional growth and development
come the word moral and morality;  Fairness considering competencies, standards,
5. Concepts of right and wrong behavior; qualifications
6. Resolves issues of morality; Lesson 3
7. Clear-cut definitions of right and wrong, virtue “If it is not right, do not do it.; If it is not true,
and vice, justice and injustice ; do not say it.” – Marcus Aurelius
8. Studies human behavior as endowed with BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
reason and freewill; Business Ethics – The social obligations of a business,
9. Science of the morality of human acts; but also the obligations to employees, customers,
10. Study of a man or a woman as a moral being suppliers, and competitors.
who is rationally able to distinguish between right and Social Responsibility -Under the umbrella of business
wrong; ethics but focuses narrowly on a company’s social
obligations.
 Business Ethics - to be sewn into the fabric of  Most millennials would be willing to take a
your startup from the get-go. considerable pay cut to work for such a
 Ethical Values - building blocks of any startup business.
 Critical in determining how a company deals 2. Employee Engagement
with certain situations and how it handles  Inclusion of employees in larger processes of
internal and external issues the organization’s programs, projects and
 Helps business leaders to stay aware of activities
temptations and prevents lapses as the business 3. Competitive Edge
grows.  Can compete with other high profile
Business Ethics - concerned with not just the social organizations
obligations of a business, but also the obligations to its 4. It Can Build or Break a Brand
employees, customers, suppliers, and competitors.  BE and SR - help in creating co-branding and
BE is most commonly discussed Why Do Business marketing opportunities
Ethics and Social Responsibility Matter?  Surveillance of the organization’s profile via
How a business conducts itself, ethically speaking, can social platforms
change the trajectory of success. 1. Define core values early on.
1. Recruiting Top Talent  Hiring practices, business operations, company
 Business success is largely dependent on the culture, and business strategies
ability to attract top talent, but finding good  By filtering every business decision you make
employees means more than just offering a through core values, it can create symbiosis
competitive salary. among strategic vision, people, and processes.
in the following areas: 2. Integrate Ethics in the hiring process.
 Fraud and Manipulation  Being selective about who you choose to hire to
 Sustainability save time, money, and conflict over tough
 Diversity and Inclusion choices later on
 Exploitation  In the interview process, ask questions that
 Donations and contributions elicit a candidate’s decision-making tendencies.
Social Responsibility, while under the umbrella of 3. Create a culture of openness and welcome dissent.
business ethics, focuses more narrowly on a company’s  Having different points of view and internal
social obligations. Social responsibility is about the constructive critics are a startup leader’s best
extent to which companies owe something to “society friends.
at large” or feel the duty to give back — i.e. to those Creating a culture of openness is a good way to establish
who are not directly involved with the business internal checks and balances4. Lead by example.
Why Do Business Ethics and Social Responsibility Reconcile theory and practice.
Matter? 5. Craft something everyone can own.
How a business conducts itself, ethically speaking, can  Direct access to information.
change the trajectory of success. 6. Learn from immediate peers or distant
1. Recruiting Top Talent  Benchmark from other brilliant founders and
 Business success is largely dependent on the organizations. Learn from other entrepreneurial
ability to attract top talent, but finding good experiences.
employees means more than just offering a 7. Know your limits and recognize your own fallibility
competitive salary. as a leader –
86% of millennials consider it a priority to work for a  Know your limits and when it’s time to pass the
business that conducts itself ethically and responsibly. torch.
 86 percent of millennials (1981 – 1996 or 27 – 8. Remember that institutional character is fragile.
42 years old) consider it a priority to work for a  Egomaniacal moves, personal grandiosity,
business that conducts itself ethically and greed, and deception create impressions that
responsibly (Bentley University study). are hard to erase. Once you cross that line it can
be nearly impossible to regain good standing in Ethics and People
 Others – core of Ethics - Men and women for
others – God, family, self, national and global
society
 Using Ethics as a source of group cohesion
 Nice people and good deeds
 Finding the origin of right and wrong-morality of
specific actions and goodness of people, how to
live a decent life
 Finding the origin of right and wrong-learning
what God intends for individuals to do and by
rigorously analyzing moral dilemmas and
principles
 Are ethical claims demonstrably true? – people
find ethical facts that already exist on their own
and ethical non-realists believe that moral
the public eye.
principles are invented by people
9. Establish an independent board.
4 isms of Ethics
 For identification of organizational red flags
Moral Realism-there exists actual, unchanging,
universal moral facts or truths
Lesson 4
Subjectivism-moral judgments are merely expressions
Ethics – Greek ethikos, habit or custom, character,
of an individual’s feelings or attitudes, & ethical claims
temperament; a set of moral precepts; study of what is
do not include objective truths about good or evil
right for both individuals and society
Emotivism-moral claims are nothing more than
Dilemmas Covered by Ethics
emotions of approbation or approval
 How to have a happy life
Prescriptivism-moral guidelines are contained in ethical
 Rights and Obligations
statements.
 Right vs. wrong
Factors that Influence Moral Judgment
 Moral judgments – what is good and bad
 God and religion
Meta-ethics, Normative Ethics and Applied Ethics
 Human conscience and intuition
Meta-ethics – nature of moral judgment, historical
 Moral cost-benefit analysis of decisions and
development and significance of moral values
their results
Normative Ethics – moral judgements made and the
 Examples of righteous persons
standards used to determine what is right or wrong
 Desire to do what is best for people in each
Applied Ethics – examines contentious issues like war,
particular circumstance
animal rights, death penalty, etc.
 Political power
Importance/Use of Ethics
Origin of Ethics
 Commission
1. Ethics based on God and supernaturalism-God
 Omission
is the only Source of Morality
 Instinct vs. Logic
2. Intuitionism-individuals can discern what is
 Ethical standards and principles behind
right and wrong bec. They possess an intuitive
behaviors
moral sense that enables them to recognize
Identification of the Cause or Causes of Disagreement
actual moral realities
 Debating a Moral Issue-identifying the cause
3. Consequentialism-morality based on the results
and concurrence or compromise
of human behavior rather behavior itself;
Collection of Guidelines for Clarity of Options
“greatest good for the greatest number of
 No one principle fits all (NOPFA)
people”
Ethics providing many solutions
4. Deontological Ethics or Non-consequentialism-
 Prioritization/order/ - which one is the most or
emphasis on the actions than on the results
least effective

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