ABM- Business- Ethics-AND-SR-Module 3.2-Lesson 9-15p PDF

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####### Writer:WILHELMINA L. ROMAN Teacher III Pulungmasle High School, Guagua West Editors: Jane P. Valencia, EdD , Math Supervisor Joseph G. Dela Cruz, Teacher IIISenior High SchoolBusiness Ethics andSocial ResponsibilityQuarter 4 – Module 3:Formulation of a MorallyDefensible Position onEthical Is...

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Senior High School

Business Ethics and Social Responsibility Quarter 4 – Module 3.2: Formulation of a Morally Defensible Position on Ethical Issues in Entrepreneurship

Writer: WILHELMINA L. ROMAN Teacher III Pulungmasle High School, Guagu Editors: Jane P. Valencia, EdD, Math Superv Joseph G. Dela Cruz, Teache

What I Need to Know This module was designed and written with you in mind. It is made for you to understand the Formulation of a Morally Defensible Position on Ethical Issues in Entrepreneurship. The scope of this module can be applied in many different learning situations. The language used recognizes the diverse vocabulary level of students. The lessons are arranged to follow the standard sequence of the course. But the order in which you read them can be changed to correspond with the textbook you are now using. The module contains the following lesson: •

Lesson 1 – Ethical Issues in Entrepreneurship

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Lesson 2 - Formulation of a Morally Defensible Position on Ethical Issues in Entrepreneurship

After going through this module, you are expected to: 1. Explain the ethical issues in entrepreneurship like basic fairness, personnel and customer relations distribution dilemmas, fraud, unfair competition, unfair communication, non respect of agreements, and environmental degradation; 2. Learn to formulate positions that suggest morality and advocate honest policies and practices in all aspects of business operations; and 3. Acknowledge the value of learning to formulate positions that suggest morality and advocate honest policies and practices in all aspects of business operations.

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What I Know

Are you ready to be immersed in your chosen companies? Sooner or later you will create your own business. But you need to be aware of ethical issues and how to deal with them so that you know how to behave morally in your workplace. How well do you know these issues? In order to assess your knowledge about the above topic, kindly answer the following questions.There are fifteen (15) items below for you to answer. Getting a perfect score will give you the option to skip this lesson. Otherwise, you need to continue and learn more about it. Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1. The identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical is called_______ a. Ethical Issue b. Fairness c. Social Responsibility d. Truthfulness 2. Ethical issues in business typically arise because of conflicts between an individual’s_______________ a. Choices of the society in which he or she lives. b. Personal moral philosophies and values. c. Profit motive of the organization in which he or she works. d. The laws and regulations of the country in which he or she lives. 3. Which of the following can we consider as inappropriate policies and practices? a. Discrimination b. Dress appropriately c. Proper Communication d. Task Distribution. 4. A core guideline that expresses the just and reasonable treatment of the stakeholders, free from discrimination and according to the rules and principles of the company. a. Customer relation b. Fairness and Honesty c. Fraud and Unfair Competition d. Unfair Communication 5. This refers to the behaviour of a business person toward customers and suppliers. a. Customer Relation b. Fairness and Honesty c. Fraud and Unfair Competition d. Unfair Communication 6. This guideline involves false and misleading advertising, as well as deceptive personal-selling tactics. a. Customer Relation b. Fairness and Honesty c. Fraud and Unfair Competition 3

d. Unfair Communication 7. This includes breach of contracts and failure to comply to what has been agreed upon. a. Customer Relation b. Environmental Degradation c. Fraud and Unfair Competition d. Non-agreement of Contract 8. This guideline acknowledges the damage done to the environment in the past. a. Customer Relation b. Environmental Degradation c. Fraud and Unfair Competition d. Non-agreement of Contract For No.s 9-13 Choose from among these categories where the policies and practices of the given situations which are deemed as inappropriate and are deliberately wrong doings fall or belong: a. Discrimination b. Withholding the rights of other people c. Humiliation d. Destructiveness e. Acts of violence 9. Managers who are 60 years old and above should be forced to resign. 10. When my opinion regarding a specific goal doesn’t match with my boss, he begins to laugh at my suggestions and call me names. 11. Concerning the issue of fighting inside the workplace, it is not right that my boss crumpled the report I submitted and threw over my head. 12. Regarding the issue of promotion, I discovered that my boss did not submit to the HR my application waiting for his approval, instead, he dumped it and kept it in his drawer. 13. I am angry with the administration for not recognizing my efforts. That’s why during meetings, I would be asking questions that are somewhat irrelevant. 14. Bribery in business is_______. a. Ethical b. moral obligation c. Part of the system, we cannot do anything about it. d. Unethical 15. To develop trust, it is important to stress_________. a. Buddy-buddy system b.Creditors c. Fairness in the practice of ranking and seniority d.Favoritism and nepotism

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Lesson

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Formulation of a Morally Defensible Position on Ethical Issues in Entrepreneurship

One skill that you need to master when you are in the workplace is learning how to recognize and resolve ethical issues. It is the most important step in understanding business ethics and creating a positive environment for all the stakeholders. Doing so will help us in advocating honest policies and practices that will lead to business success.

What’s In When you become employees in a company, you are about to perform a role coupled with responsibilitie. Your knowledge about ethical issues studied from the previous module will help you perform duties as employees and identify employer’s responsibility as well. Activity: Name the Picture Direction: Infer from the picture the responsibilities of stakeholders below and write your answer on the space provided .

employees

Give ____________________

Pay ____________________

Conduct _____________

What’s New Activity: Watch, Read and Learn Instruction: Watch the video entitled “Wizard of Oz”(link is provided below) in watching the movie, look beyond the flashiness and fancy lighting, and be reminded of the idea contained in it that working together in a more honest way will get you much further.This part of the module explains how honesty, fairness and other ethical issues affect our lives. Link: (https://www.youtube.com/watch?v=H-I5QZwr4I0) “Pay no attention to the man behind the curtain” -Scarecrow THE IMPORTANCE OF HONESTY Honesty is a virtue and affects all aspects of life. Even in the business world, one good thing to be reminded of is the famous line spoken by the Wizard of Oz in the 1939 classic film, right before the secret of his humanness was unveiled: Honest brands do not hide anything . They don’t profess to be wizards. They are just brave and respectful of their customers. An example of a company with ethical and honest practice is the Ajinomoto Group .It conducts transactions worldwide and takes honest responsibilities seriously.For these companies, fair business practices means more than just complying with the applicable laws worldwide. They established their own codes of conduct, which provide examples of model conduct for the circumstances of each country. The Ajinomoto Group uses this two-tiered system to ensure fair business practices in all of its activities worldwide, pursuing CSR procurement, complete anticorruption measures,fair competition, and respect for intellectual property rights. A passion for life drives us forward. We are committed to helping people everywhere overcome challenges with sustainable solutions and enjoy good food and better health.

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What is It You found out that a person that is close to you, was lying all along? How would you react then? Are you going to confront him/her? What do you think the best thing to do? In this part of the module it will help you in making good decisions. Come and discover how to resolve ethical issues. An ethical issue is an identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical. The ethical issues in entrepreneurship are so many to mention all. We will be limiting our study to basic fairness, personnel and customer relations distribution dilemmas, fraud, unfair competition, unfair communication, nonrespect of agreements, and environmental degradation because these are the most commonly encountered. Some policies and practices may have been acceptable now but will become unacceptable later. We consider policies and practices as inappropriate when they are deliberate wrongdoings such as: ● ●

Discrimination designed to harm others, Withholding the rights of other people,

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Humiliation of other people designed to diminish psychological needs and dignity, Destructiveness, and Acts of violence.

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Many business issues may seem straightforward and easy to detect and resolve, but in reality, a person often needs several years of experience in business to understand what is acceptable or ethical. Many ethical issues in business can be categorized in the context of their relation to conflicts of interest, fairness and honesty, communications, and business associations. In order for a business to have its own set of rules and guidelines in establishing order and discipline within the organization, the following core principles must be used as guide: Fairness and honesty - expresses the just and reasonable treatment of the stakeholders, free from discrimination and according to the rules and principles of the company. personnel and customer relations distribution dilemmas - refers to the behaviour of business persons toward customers and suppliers that involves keeping company secrets, meeting obligations and responsibilities, and avoiding undue pressure that may force others to act unethically. fraud, unfair competition-One aspect of fairness relates to competition for example companies sometimes gain control over markets by using questionable practices that harm competition unfair communication- involves false and misleading advertising, as well as deceptive personal-selling tactics, anger consumers and can lead to the failure of a business. non-respect of agreements - this includes breach of contracts and failure to comply with what has been agreed upon. 7

environmental degradation- both business and the public, acknowledge the damage done by businesses to the environment in the past. That is why consumers are increasingly demanding that businesses take a greater responsibility for their actions and their impact on the environment like pollution. How can we advocate honest policies and practices in all aspects of business operations? The best way is to judge the ethics of a decision and look at a situation from a customer’s or competitor’s viewpoint. Here are simple ways: ■ ■ ■

Customer Value Strategy- focuses on providing value to customers.Their interest is more important . Accounting Practices-honesty in giving financial information about the business Truth-in-Selling - means to deliver what was promised to the customer

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Integrity in Management Practices - providing fair treatment to employees Customer Service Integrity-it means providing necessary service after sale

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Personal Integrity-integrity of business leaders Product Integrity- providing not only the positive side of a product. Most of the Ethical Concerns in the workplace are within your transactions with:

✧ Employees

-rendering of forced over time, toxic workplace, culture discrimination, questionable use of company technology.

✧ The Boss

-harassment, Unethical Leadership,Unrealistic and Conflicting Goals.

✧ Clients

-bribery, false advertising, customer service issues

✧ Government

- declaration of financial status, complying with

1. 2. 3. 4. 5.

Good Policies and Practices in Business Organizations Complying with the government requirements Practice proper office decorum. Being sensitive to smells that may be unpleasant to employees. Company assess and properties are not to be used for personal purposes. Employees should use infrastructure communication properly and appropriately.

What’s More Activity: Situational Analysis Instruction: Analyze the situation below and answer the guide question honestly using ideas and concepts you have learned above. Write your answers on a separate sheet of paper. Activity

Situation Analysis

1. Should an engineer agree to divulge her former employer’s trade secrets to ensure that she gets a better job with a competitor? Why? 2. Should a salesperson omit facts about a product’s poor safety record in his presentation to a customer?Why? 8...