Focus of topic: Understanding and resolving ethical issues in contemporary business

Speaker: Rodolfo P. Dominno, IE,
MBA
 Educational Attainments:
 Industrial Engineering, Saint Louis Universitybatch 1992’
 Master in Business Administration, University of the Cordilleras- Batch 2008
 Previous Positions:
 Personnel Officer, Odilon Heavy Equipment corp.-1995 to 2001
 Branch Sales Manager, Permanent Plan Baguio-
2002 to 2005
 Marketing Manager, Winaca Development Corp.-
2008 to 2009

 It is the form of the art of applied ethics that examines ethical principles and morals or ethical problems that can arise in a business environment.

Important of Business Ethics to
Overall Society or Organizations
 Business ethics is crucial to overall society because the strength of business operation is sustain by public confidence.

What are the usual issues in the absence of business ethics
 Ethical mal practice
 Relationship conflict
 Discrimination
 Harassment
 Affecting privacy of others

Guidelines in Resolving Ethical
Dilemmas
 Establish ethics policy
 Establish business code of conduct
 Establish practical guide to ethical decisions
 Adopting ethical decisions model

values and ethics- Dr Emily Gacad
 Utilitarian Model
 An ethical decision is one that produces the greatest good for the greatest number of people.
 Moral Right Model
 An ethical decision is one that best maintains and protects the fundamental rights and privileges of the people affected by it.
 Justice Model
 An ethical decision is one that distributes benefits and harms among stakeholders in a fair, equitable, or impartial way.

Ethical Versus Unethical Decisions
Values and Ethic- Dr. Emily Gacad
 Ethical Decision
 A decision that is reasonable or typical stakeholders would find acceptable because it aids stakeholders, the organization, or society
 Unethical Decision
 A decision that a manager would prefer to disguise or hide from other people because it enables the company or a particular individual to gain at the expense of society or other stakeholders.

Practical Guide to Ethical Decisions
Values and Ethics- Dr. Emily Gacad
 Does the manager’s decision fall within usual and accepted standards?
 Is the manager willing to personally and openly communicate the decision to all affected stakeholders?
 Does the manager believe that his friends would approve?
 If the answer is “yes” to all the above, the decision is probably an ethical decision.

Implementation and control of business ethics
 Implementation of ethical policy
 Evaluation and control by ethic officer

The Foundation for Ethical Behavior
 Culture development
 Policy implementation
 Early morale training

Values and Ethics class of Dr. Emily Gacad- mba
 1. Work honestly and comply with all agreements.
 “Honestly can keep you safe”. Proverbs 11:6
 2. Never injure capital nor steal from the employer.
 “Thou shall not steal”. Exodus 20:15
 3. Never outrage the person of the employer.
 “Do not devise evil against your neighbor”. Proverbs
3:29
 4. Never employ deceit nor violence in presenting a cause.
 “Deceit causes trouble, & foolish talk will bring you to ruin”
 Proverbs 10:10
 5. Never consort with agitators or men of evil principles.
 “Do not envious of evil men, nor desire to be with them”.
 Proverbs 24:1

 Bear the golden rule in mind: “Do not do unto others, what you do not want others do unto you”

 Business Ethics, 3 rd ed. (C. Gow & G.
Miranda)
 Wikipedia
 www.articlebase.com