Hi, I would like to know the different topic that I can present in my college for Bussiness ethics. Can you list some topics for business ethics.
From India, Mumbai
From India, Mumbai
Business
Principles of Ethics
THE FOLLOWING SUBJECTS COULD BE INCLUDED
Principle 1. the responsibilities of businesses: beyond
shareholders toward stakeholders.
Principle 2. the economic and social impact of
business: toward innovation, justice, and
world community
Principle 3. business behavior: beyond the letter of law
toward a spirit of trust.
Principle 4. respect for rules
Principle 5. support for multilateral trade
Principle 6. respect for the environment
Principle 7. avoidance of illicit operations
Principle 8. customers
Principle 9. employees
Principle 10. owners/investors
Principle 11. suppliers
Principle 12. competitors
Principle 13. communities
Principle 1. the responsibilities of businesses: beyond
shareholders toward stakeholdcrs
*The value of a business to society is the wealth and employment it
creates and the marketable products and services it provides to
consumers at a reasonable price commensurate with quality. To create
such value, a business must maintain its own economic health and
viability, but survival is not a sufficient goal.
*Businesses have a role to play in improving the lives of all their
customers, employees, and shareholders by sharing with them the
wealth they have created. Suppliers and competitors as well should
expect businesses to honor their obligations in a spirit of honesty and
fairness. As responsible citizens of the local, national, regional, and
global communities in which they operate, businesses share a part in
shaping the future of those communities.
Principle 2. the economic and social impact of
business: toward innovation, justice, and
world community
*Businesses established in foreign countries to develop, produce, or sell
should also contribute to the social advancement of those countries by
creating productive employment and helping to raise the purchasing
power of their citizens. Businesses also should contribute to human
rights, education, welfare, and vitalization of the countries in which
they operate.
*Businesses should contribute to economic and social development not
only in the countries in which they operate, but also in the world
community at large, through effective and prudent use of resources,
free, and fair competition, and emphasis upon innovation in
technology, production, methods, marketing, and communications.
Principle 3. business behavior: beyond the letter of law
toward a spirit of trust.
*While accepting the legitimacy of trade secrets, businesses should
recognize that sincerity, candor, truthfulness, the keeping of
promises, and transparency contribute not only to their own
credibility and stability but also to the smoothness and efficiency of ‑
business transactions, particularly on the international level.
Principle 4. respect for rules
*TO avoid trade friction and to promote freer trade, equal conditons
for competition, and fair and equitable treatment for all partcipants.
All businesses should respect international and domestic
rules. In addition, they should recognize that some behavior,
although legal, may still have adverse consequences.
Principle 5. support for multilateral trade
*Businesses should support the multilateral trade systems of
World Trade Organization and similar international
agreements. They should cooperate in efforts to promote the
progressive and judicious liberalization of trade, and to relax those
domestic measures that unreasonably hinder global commerce,
while giving due respect to national policy objectives.
Principle 6. respect for the environment
*A business should protect and, where possible, improve the
environment, promote sustainable development, and prevent the
wasteful use of natural resources.
Principle 7. avoidance of illicit operations
*A business should not participate in or condone bribery, money
laundering, or other corrupt practices; indeed, it should seek
cooperation with others to eliminate them. It should not trade in
arms or other materials used for terrorist activities, drug traffic, or
other organized crime.
Principle 8. customers
We believe in treating all customers with dignity, irrespective of
whether they purchase our products and services directly from us
or otherwise acquire them in the market. We therefore have a
responsibility to:
• provide our customers with the highest quality products and
services consistent with their requirements;
• treat our customers fairly in all respects of our business
transactions, including a high level of service and remedies for their
dissatisfaction;
• make every effort to ensure that the health and !Wety of our
customers, as well as the quality of their environment, will be
sustained or enhanced by our products and services;
• assure respect for human dignity in products offered, marketing,
and advertising; and respect the integrity of the culture of our
customers.
Principle 9. employees
*We believe in the dignity of every employee and in taking
employee interests seriously. We therefore have a responsibility
to:
*provide jobs and compensation that improve worker's living
conditions;
*provide work conditions that respect each employee's health and
dignity;
*be honest in communications with employees and open in sharing
information, limited only by legal and competitive restraint;
*listen to and, where possible, act on employee suggestions, ideas,
requests, and complaints;
*engage in good faith negotiations when conflict arises;
*avoid discriminatory practices and guarantee equal treatment and
opportunity in areas such as gender, age, race, and religion;
*promote in the business itself the employment of differently abled
people in places of work where they can be genuinely useful;
*protect employees from avoidable injury and illness in the
workplace;
*encourage and assist employees in developing relevant and
transferable skills and knowledge; and
*be sensitive to serious unemployment problems frequently associated
with business decisions, and work with the government, employee
groups, other agencies and each other in addressing these
dislocations.
Principle 10. owners/investors
We believe in honoring the trust our investors place in us. We
therefore have a responsibility to:
*apply professional and diligent management in order to secure a fair
and competitive return on our owners' investment;
*disclose relevant information to owners/investors subject only to
legal requirements and competitive constraints;
*conserve, protect, and increase the owners/investors' assets; and
*respect owners/investors' requests, suggestions, complaints, and
formal resolutions.
Principle 11. suppliers
Our relationship with suppliers and subcontractors must be based
mutual respect. We therefore have a responsibility to:
*seek fairness and truthfulness in all of our activities, including
pricing, licensing, and rights to sell;
*ensure that business activities are free from coercion and unnecessary
litigation;
*foster long‑term stability in the supplier relationship in return
for value, quality, competitiveness, and liability;
*share information with suppliers and integrate them into our
planning processes;
•pay suppliers on time and in accordance with agreed terms of
trade;
*seek, encourage, and prefer suppliers and subcontractors whose
employment practices respect human dignity.
Principle 12. competitors
We believe that fair economic competition is one of the basic
requirements for increasing the wealth of the nations and,
ultimately, for making possible the just distribution of goods and
services. We therefore have a responsibility to:
•foster open markets for trade and investments;
•promote competitive behavior that is socially and
environmentally beneficial and demonstrates mutual respect among
competitors;
•refrain from either seeking or participating in questionable
payments of favors totecure competitive advantages;
•respect both tangible and intellectual property rights; and
•refuse to acquire commercial information by dishonest or
unethical means, such as industrial espionage.
Principle 13. communities
We believe that as global corporate citizens, we can contribute to
such forces of reform and human rights as are at work in the
communities in which we operate. We therefore have a
responsibility in those communities to:
•respect human rights and democratic institutions, and promote
them wherever practicable;
• recognize government's legitimate obligation to the society at
large and support public policies and practices that promote
human development through harmonious relations betweei
business and other segments;
• collaborate with those forces in the community dedicated raising
standards of health, education, workplace safety, economic well
being;
• promote and stimulate sustainable development and play leading
role in preserving and enhancing the physical environment and
conserving the earth's resources;
•support peace, security, diversity, and social integration"
•respect the integrity of local cultures;
•be a good corporate citizen through charitable donations,
vocational and cultural contributions, and employee participating in
community and civic affairs.
regards
LEO LINGHAM
From India, Mumbai
257Principles of Ethics
THE FOLLOWING SUBJECTS COULD BE INCLUDED
Principle 1. the responsibilities of businesses: beyond
shareholders toward stakeholders.
Principle 2. the economic and social impact of
business: toward innovation, justice, and
world community
Principle 3. business behavior: beyond the letter of law
toward a spirit of trust.
Principle 4. respect for rules
Principle 5. support for multilateral trade
Principle 6. respect for the environment
Principle 7. avoidance of illicit operations
Principle 8. customers
Principle 9. employees
Principle 10. owners/investors
Principle 11. suppliers
Principle 12. competitors
Principle 13. communities
Principle 1. the responsibilities of businesses: beyond
shareholders toward stakeholdcrs
*The value of a business to society is the wealth and employment it
creates and the marketable products and services it provides to
consumers at a reasonable price commensurate with quality. To create
such value, a business must maintain its own economic health and
viability, but survival is not a sufficient goal.
*Businesses have a role to play in improving the lives of all their
customers, employees, and shareholders by sharing with them the
wealth they have created. Suppliers and competitors as well should
expect businesses to honor their obligations in a spirit of honesty and
fairness. As responsible citizens of the local, national, regional, and
global communities in which they operate, businesses share a part in
shaping the future of those communities.
Principle 2. the economic and social impact of
business: toward innovation, justice, and
world community
*Businesses established in foreign countries to develop, produce, or sell
should also contribute to the social advancement of those countries by
creating productive employment and helping to raise the purchasing
power of their citizens. Businesses also should contribute to human
rights, education, welfare, and vitalization of the countries in which
they operate.
*Businesses should contribute to economic and social development not
only in the countries in which they operate, but also in the world
community at large, through effective and prudent use of resources,
free, and fair competition, and emphasis upon innovation in
technology, production, methods, marketing, and communications.
Principle 3. business behavior: beyond the letter of law
toward a spirit of trust.
*While accepting the legitimacy of trade secrets, businesses should
recognize that sincerity, candor, truthfulness, the keeping of
promises, and transparency contribute not only to their own
credibility and stability but also to the smoothness and efficiency of ‑
business transactions, particularly on the international level.
Principle 4. respect for rules
*TO avoid trade friction and to promote freer trade, equal conditons
for competition, and fair and equitable treatment for all partcipants.
All businesses should respect international and domestic
rules. In addition, they should recognize that some behavior,
although legal, may still have adverse consequences.
Principle 5. support for multilateral trade
*Businesses should support the multilateral trade systems of
World Trade Organization and similar international
agreements. They should cooperate in efforts to promote the
progressive and judicious liberalization of trade, and to relax those
domestic measures that unreasonably hinder global commerce,
while giving due respect to national policy objectives.
Principle 6. respect for the environment
*A business should protect and, where possible, improve the
environment, promote sustainable development, and prevent the
wasteful use of natural resources.
Principle 7. avoidance of illicit operations
*A business should not participate in or condone bribery, money
laundering, or other corrupt practices; indeed, it should seek
cooperation with others to eliminate them. It should not trade in
arms or other materials used for terrorist activities, drug traffic, or
other organized crime.
Principle 8. customers
We believe in treating all customers with dignity, irrespective of
whether they purchase our products and services directly from us
or otherwise acquire them in the market. We therefore have a
responsibility to:
• provide our customers with the highest quality products and
services consistent with their requirements;
• treat our customers fairly in all respects of our business
transactions, including a high level of service and remedies for their
dissatisfaction;
• make every effort to ensure that the health and !Wety of our
customers, as well as the quality of their environment, will be
sustained or enhanced by our products and services;
• assure respect for human dignity in products offered, marketing,
and advertising; and respect the integrity of the culture of our
customers.
Principle 9. employees
*We believe in the dignity of every employee and in taking
employee interests seriously. We therefore have a responsibility
to:
*provide jobs and compensation that improve worker's living
conditions;
*provide work conditions that respect each employee's health and
dignity;
*be honest in communications with employees and open in sharing
information, limited only by legal and competitive restraint;
*listen to and, where possible, act on employee suggestions, ideas,
requests, and complaints;
*engage in good faith negotiations when conflict arises;
*avoid discriminatory practices and guarantee equal treatment and
opportunity in areas such as gender, age, race, and religion;
*promote in the business itself the employment of differently abled
people in places of work where they can be genuinely useful;
*protect employees from avoidable injury and illness in the
workplace;
*encourage and assist employees in developing relevant and
transferable skills and knowledge; and
*be sensitive to serious unemployment problems frequently associated
with business decisions, and work with the government, employee
groups, other agencies and each other in addressing these
dislocations.
Principle 10. owners/investors
We believe in honoring the trust our investors place in us. We
therefore have a responsibility to:
*apply professional and diligent management in order to secure a fair
and competitive return on our owners' investment;
*disclose relevant information to owners/investors subject only to
legal requirements and competitive constraints;
*conserve, protect, and increase the owners/investors' assets; and
*respect owners/investors' requests, suggestions, complaints, and
formal resolutions.
Principle 11. suppliers
Our relationship with suppliers and subcontractors must be based
mutual respect. We therefore have a responsibility to:
*seek fairness and truthfulness in all of our activities, including
pricing, licensing, and rights to sell;
*ensure that business activities are free from coercion and unnecessary
litigation;
*foster long‑term stability in the supplier relationship in return
for value, quality, competitiveness, and liability;
*share information with suppliers and integrate them into our
planning processes;
•pay suppliers on time and in accordance with agreed terms of
trade;
*seek, encourage, and prefer suppliers and subcontractors whose
employment practices respect human dignity.
Principle 12. competitors
We believe that fair economic competition is one of the basic
requirements for increasing the wealth of the nations and,
ultimately, for making possible the just distribution of goods and
services. We therefore have a responsibility to:
•foster open markets for trade and investments;
•promote competitive behavior that is socially and
environmentally beneficial and demonstrates mutual respect among
competitors;
•refrain from either seeking or participating in questionable
payments of favors totecure competitive advantages;
•respect both tangible and intellectual property rights; and
•refuse to acquire commercial information by dishonest or
unethical means, such as industrial espionage.
Principle 13. communities
We believe that as global corporate citizens, we can contribute to
such forces of reform and human rights as are at work in the
communities in which we operate. We therefore have a
responsibility in those communities to:
•respect human rights and democratic institutions, and promote
them wherever practicable;
• recognize government's legitimate obligation to the society at
large and support public policies and practices that promote
human development through harmonious relations betweei
business and other segments;
• collaborate with those forces in the community dedicated raising
standards of health, education, workplace safety, economic well
being;
• promote and stimulate sustainable development and play leading
role in preserving and enhancing the physical environment and
conserving the earth's resources;
•support peace, security, diversity, and social integration"
•respect the integrity of local cultures;
•be a good corporate citizen through charitable donations,
vocational and cultural contributions, and employee participating in
community and civic affairs.
regards
LEO LINGHAM
From India, Mumbai
Hi, Just read your message. You can make a presentation on 1. Indian Values and Ethics 2. Changing Ethical Values 3. Ethics and Advertising Bye! Rajinder
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