Business Ethics - Desklib Online Library

Business Ethics

Business Ethics
Session 1: Ethics
Ethics is considered as the moral principles of an individual that helps in governing the
behaviour of the individual or conduction of any task. The term ethics involves the ideal nature
of a human or the moral duty of an individual. In general terms, ethics is related to the judgement
made by any individual or the action which the individual takes. It is important that a person acts
according to the situation, which should involve moral duty. In organisations, ethics is
considered as the right or wrong done by the people while showing their behaviour or making
any decisions. The aim behind ethics is living an ethical life, which involves correct decisions
and ethical behaviour.
Session 2: Giving Voice to Values (GVV)
GVV is an approach, which is considered as innovative because it leads to value-driven
development of leadership at workplace. The aim behind GVV is to fill the gap regarding the
development of leaders, who are value-centred. With the help of GVV, the emphasis is put on
helping the individuals to act on their own values so that ethical decisions can be made. It has
been explored that organisations aims to persuade people so that they can make ethical decisions;
however, GVV helps the individuals to act upon their own values. Under the concept of GVV,
there are seven pillars, namely values, purpose, normalisation, voice, choice, reasons and
rationalisation, and self-knowledge and alignment. These pillars are helpful in giving voice to the
values of an individual and being ethical.
Session 3: Ethical Investment
Ethical investment is a term, which is also referred to as investment regarding
sustainability and being socially responsible. When selecting investments, it is important that an