duty ethics in business environment

8/4/2019 Duty Ethics in Business Environment

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PRESENTATION ON -DUTY ETHICS IN THE BUSINESSENVIRONMENT

SUBMITTED TO - SUBMITTED BY -

PROF. ANSHU THAKUR ANIL BHATIANKIT CHOPDA


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DUTY ETHICS

Duty ethics is also known asdeontological ethics.

The word 'deontological' comes fromthe Greek word deon, which means'duty'.

Duty ethics determines the ethics ofan act by looking not to the

consequences of the decision but the


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CONTD

Duty ethics are concerned with whatpeople do, not with the consequencesof their actions.

Do the right thing. Do it because it's the right thing to do.

Don't do wrong things.

Avoid them because they are wrong.


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IMPORTANCE OF DUTYETHICS Emphasises the value of every human being.

Duty ethical systems tend to focus on giving equalrespect to all human beings.

Deals with intentions and motives.

This provides a basis for human rights - it forces

due regard to be given to the interests of a singleperson even when those are at odds with theinterests of a larger group.


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DUTY ETHICS IN FINANCE

The changes brought about bytakeovers & mergers should behandled in such a manner that all the

interests of shareholders andstakeholders of the organizations areprotected.


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DUTY ETHICS IN HRM

Discrimination

Ageism

Remuneration

Firing


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DUTY ETHICS INMARKETING Policies adapted for competitors to

gain larger market share.

Biased marketing.

Pricing a product


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DUTY ETHICS IN OPERATIONSMANAGEMENT Purchasing of raw material.

Forward buying.

Disclosure of confidential information.


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DUTY ETHICS IN BUSINESS

Show professionalism in conductingbusiness activities.

Customers want to do business with acompany they can trust; when trust isat the core of a company, it's easy to

recognize.


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CONTD

Take a hands-on approach toaccounting and record keeping, notonly as a means of gaining a better

feel for the progress of your company,but as a resource for any"questionable " activities.

Treat others with the utmost of

respect. Regardless of differences,positions, titles, ages, or other types ofdistinctions, always treat others withprofessional respect and courtesy.


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TATAS ETHICS

National interest

Competition

Equal opportunities employer

Political non-alignment

Health, safety and environment

Quality of products and services

Cooperation of Tata companies


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ETHICAL CONDUCT

Every employee of a Tata company, including full-timedirectors and the chief executive, shall exhibit culturallyappropriate deportment in the countries they operate in,and deal on behalf of the company withprofessionalism, honesty and integrity, while conformingto high moral and ethical standards. Such conduct shall

be fair and transparent and be perceived to be so bythird parties.

Every employee of a Tata company shall preserve thehuman rights of every individual and the community,and shall strive to honour commitments.

Every employee shall be responsible for theimplementation of and compliance with the Code in his /her environment. Failure to adhere to the Code couldattract severe consequences, including termination ofemployment.


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THANK YOU

duty ethics in business environment

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