1. Business Ethics Focus of topic: Understanding and resolving ethical issues in contemporary business

2. Speaker: Rodolfo P. Dominno, IE, MBA  Educational Attainments: Industrial Engineering, Saint Louis University- batch 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

3. Business Ethics  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.

4. 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.

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

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

7. Ethical Decision Models 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.

8. 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.

9. 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.

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

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

12. Basic Duties of Workers 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

13. Word Class Worker  Bear the golden rule in mind: “Do not do unto others, what you do not want others do unto you”

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