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Business Ethics
Book · August 2022
CITATIONS READS
0 827
1 author:
Muhammad Azmat
Superior University
22 PUBLICATIONS 376 CITATIONS
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All content following this page was uploaded by Muhammad Azmat on 24 August 2022.
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, "In the name of Allah, the Beneficent, the Merciful."
"If one's today is not better than his yesterday and his tomorrow is not better than his today, he is a loser."(Prophet Muhammad )ﷺ
BUSINESS ETHICS Page | 1
کاروباری (تجارتی) اخالقیات
COMMONWEALTH OF LEARNING (COL. ) EXECUTIVE MBA/MPA
ALLAMA IQBAL OPEN UNIVERSITY (AIOU), ISLAMABAD
FOR: B.Com, BBA, BS (Honers), M.Com, MBA, ICMA, ICAP-CA, PIPFA, ICPAP-CPA,
UNIVERSITY OF THE PUNJAB, UNIVERSITY OF SARGODHA, UNIVERSITY OF GUJRAT,
BAHAUDDIN ZAKARIYA UNIVERSITY MULTAN AND ISLAMIA UNIVERSITY OF BAHAWALPUR
By: Professor Muhammad Azmat Awan ( )
MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Research Scholar)
GVDAY ®PUBLICATIONS (GVDAY ® GROUP OF INDUSTRIES KHARANAY KINGRA ROAD SIALKOT)
Professor Muhammad Azmat Awan () MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Scholar)
,
Unit 1: INTRODUCTION Unit 2: NORMATIVE THEORIES OF
1.1.Nature of Ethics ETHICS
1.2.Moral versus Non-moral Standards 2.1.Consequentialist Theories
1.3.Religion and Morality 2.2.Non-consequentialist Theories
1.4.Morality and Personal Values 2.3.Egoism and Utilitarianism Page | 2
1.5.Individual Integrity and Responsibility 2.4.Kant’s Ethics
2.5.Moral Decision Making
Unit 3: ECONOMIC JUSTICE AND Unit 4: ETHICS INCORPORATIONS
CAPITALISM 4.1 Corporate Moral Agency
3.1 Utilitarian View and Libertarian Approach 4.2 Rival Views of Corporate Responsibility
3.2 Rawls’s Theory of Justice 4.3 Debating Corporate Responsibility
3.3 Capitalism: Concepts and Arguments 4.4 Institutionalizing Ethics within Corporations
3.4 Criticisms of Capitalism
Unit 6: THE ENVIRONMENT
Unit 5: ETHICS FOR CONSUMERS 6.1.Business and Ecology
5.1 Product Safety 6.2.The Ethics of Environmental Protection
5.2 Other Areas of Business Responsibility 6.3.Achieving Our Environmental Goals
5.3 Deception and Unfairness in Advertising 6.4.Delving Deeper into Environmental Ethics
5.4 Debate over Advertising
Unit 7: THE WORKPLACE Unit 8: MORAL CHOICES FACING
7.1. Civil Liberties in the Workplace EMPLOYEES
7.2. Hiring and Promotions 8.1.Obligations to the Firm
7.3. Discipline and Discharge 8.2.Abuse of Official Position
7.4. Wages and Labor Unions 8.3.Bribes and Kickbacks
7.5. Ease of Doing Business 8.4.Gifts and Entertainment
8.5.Conflicting Obligations
8.6.Whistle-Blowing
8.7.Self-Interest and Moral Obligation
Unit 9: GLOBALIZATION OF ETHICAL DECISION MAKING
9.1 Capitalism, Economics and Business 9.4 International Monetary Fund (IMF)
Ethics 9.5 World Trade Organization (WTO)
9.2 Global Business Practices 9.6 The Multinational Corporation (MNC)
9.3 Sustainable Development
Professor Muhammad Azmat Awan () MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Scholar)
,
Core values: Principles around which a business is established and maintained.
Communication: Interaction between two or more individuals.
Equality: Along with justice and integrity a characteristic of the holiness of God.
Politics: Politics from Greek Politiká, meaning "affairs of the cities” is the process of making Page | 3
decisions that apply to members of a group.
Philosophy: The word is derived from the ancient Greek words philo, to love or to befriend, and
sophia, wisdom.
Epistemology: Epistemology derived from Greek epistēmē, meaning 'knowledge', , logos, meaning
study or to observe, so Epistemology is the branch of philosophy concerned with the prime theory
of knowledge.
Metaphysics: Metaphysics علم روح انسانی- مابعد الطبیعیاتیis the branch of philosophy that examines the
fundamental nature of reality, including the relationship between mind and matter, between the study
substance and attribute between possibility and actuality.
Aesthetics: Aesthetics ( )جمالیاتیis a branch of philosophy that deals with the nature, art, beauty and
taste and with the creation or appreciation of beauty of nature spreading around.
Thought or Thinking: Thought encompasses an “aim-free flow of ideas and associations that can
lead to a reality-oriented conclusion.
Theory: A theory نظریہis a contemplative and rational type of abstract or generalizing thinking, or
the results of such thinking. Depending on the context, the results might, for example, include
generalized explanations of how nature works. The word has its roots in ancient Greek, but in
modern use it has taken on several related meanings.
Hypothesis: A hypothesis مفروضہis a proposed explanation for a phenomenon. For a hypothesis to
be a scientific hypothesis, the scientific method requires that one can test it. The words "hypothesis"
and "theory" are often be used synonymously, a scientific hypothesis is not the same as a scientific
theory.
Logic: A Logic منطق- علم استداللoriginally meaning "the word" or "what is spoken", but coming to
mean "thought" or "reason", is a subject concerned with the most general laws of truth, and is now
generally held to consist of the systematic study of the form of valid inference.
Strategic Plan: process of identifying major goals, policies, and strategies for an organization.
Three-E equation: efficiency + Effectiveness + Ethics = Profits + Long-term stability training: The
process of orienting employees to their job and its expectations. The third step in staffing.
Vision Statement: An expansion of the organization’s mission which provides a statement of the
perceived, achievable, and measurable future.
Mission Statement: A mission statement is a short statement of an organization's purpose, what its
overall goal is, identifying the goal of its operations: what kind of product or service it provides, its
primary customers or market, and its geographical region of operation
Value Creation: Value Creation in Managerial Economics is defined as the performance of actions
that increase the worth of goods, services or even a business.
Value Addition: The amount by which the value of an article is increased at each stage of its
production, exclusive of initial costs.
Professor Muhammad Azmat Awan () MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Scholar)
Business Ethics
Book · August 2022
CITATIONS READS
0 827
1 author:
Muhammad Azmat
Superior University
22 PUBLICATIONS 376 CITATIONS
SEE PROFILE
All content following this page was uploaded by Muhammad Azmat on 24 August 2022.
The user has requested enhancement of the downloaded file.
, "In the name of Allah, the Beneficent, the Merciful."
"If one's today is not better than his yesterday and his tomorrow is not better than his today, he is a loser."(Prophet Muhammad )ﷺ
BUSINESS ETHICS Page | 1
کاروباری (تجارتی) اخالقیات
COMMONWEALTH OF LEARNING (COL. ) EXECUTIVE MBA/MPA
ALLAMA IQBAL OPEN UNIVERSITY (AIOU), ISLAMABAD
FOR: B.Com, BBA, BS (Honers), M.Com, MBA, ICMA, ICAP-CA, PIPFA, ICPAP-CPA,
UNIVERSITY OF THE PUNJAB, UNIVERSITY OF SARGODHA, UNIVERSITY OF GUJRAT,
BAHAUDDIN ZAKARIYA UNIVERSITY MULTAN AND ISLAMIA UNIVERSITY OF BAHAWALPUR
By: Professor Muhammad Azmat Awan ( )
MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Research Scholar)
GVDAY ®PUBLICATIONS (GVDAY ® GROUP OF INDUSTRIES KHARANAY KINGRA ROAD SIALKOT)
Professor Muhammad Azmat Awan () MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Scholar)
,
Unit 1: INTRODUCTION Unit 2: NORMATIVE THEORIES OF
1.1.Nature of Ethics ETHICS
1.2.Moral versus Non-moral Standards 2.1.Consequentialist Theories
1.3.Religion and Morality 2.2.Non-consequentialist Theories
1.4.Morality and Personal Values 2.3.Egoism and Utilitarianism Page | 2
1.5.Individual Integrity and Responsibility 2.4.Kant’s Ethics
2.5.Moral Decision Making
Unit 3: ECONOMIC JUSTICE AND Unit 4: ETHICS INCORPORATIONS
CAPITALISM 4.1 Corporate Moral Agency
3.1 Utilitarian View and Libertarian Approach 4.2 Rival Views of Corporate Responsibility
3.2 Rawls’s Theory of Justice 4.3 Debating Corporate Responsibility
3.3 Capitalism: Concepts and Arguments 4.4 Institutionalizing Ethics within Corporations
3.4 Criticisms of Capitalism
Unit 6: THE ENVIRONMENT
Unit 5: ETHICS FOR CONSUMERS 6.1.Business and Ecology
5.1 Product Safety 6.2.The Ethics of Environmental Protection
5.2 Other Areas of Business Responsibility 6.3.Achieving Our Environmental Goals
5.3 Deception and Unfairness in Advertising 6.4.Delving Deeper into Environmental Ethics
5.4 Debate over Advertising
Unit 7: THE WORKPLACE Unit 8: MORAL CHOICES FACING
7.1. Civil Liberties in the Workplace EMPLOYEES
7.2. Hiring and Promotions 8.1.Obligations to the Firm
7.3. Discipline and Discharge 8.2.Abuse of Official Position
7.4. Wages and Labor Unions 8.3.Bribes and Kickbacks
7.5. Ease of Doing Business 8.4.Gifts and Entertainment
8.5.Conflicting Obligations
8.6.Whistle-Blowing
8.7.Self-Interest and Moral Obligation
Unit 9: GLOBALIZATION OF ETHICAL DECISION MAKING
9.1 Capitalism, Economics and Business 9.4 International Monetary Fund (IMF)
Ethics 9.5 World Trade Organization (WTO)
9.2 Global Business Practices 9.6 The Multinational Corporation (MNC)
9.3 Sustainable Development
Professor Muhammad Azmat Awan () MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Scholar)
,
Core values: Principles around which a business is established and maintained.
Communication: Interaction between two or more individuals.
Equality: Along with justice and integrity a characteristic of the holiness of God.
Politics: Politics from Greek Politiká, meaning "affairs of the cities” is the process of making Page | 3
decisions that apply to members of a group.
Philosophy: The word is derived from the ancient Greek words philo, to love or to befriend, and
sophia, wisdom.
Epistemology: Epistemology derived from Greek epistēmē, meaning 'knowledge', , logos, meaning
study or to observe, so Epistemology is the branch of philosophy concerned with the prime theory
of knowledge.
Metaphysics: Metaphysics علم روح انسانی- مابعد الطبیعیاتیis the branch of philosophy that examines the
fundamental nature of reality, including the relationship between mind and matter, between the study
substance and attribute between possibility and actuality.
Aesthetics: Aesthetics ( )جمالیاتیis a branch of philosophy that deals with the nature, art, beauty and
taste and with the creation or appreciation of beauty of nature spreading around.
Thought or Thinking: Thought encompasses an “aim-free flow of ideas and associations that can
lead to a reality-oriented conclusion.
Theory: A theory نظریہis a contemplative and rational type of abstract or generalizing thinking, or
the results of such thinking. Depending on the context, the results might, for example, include
generalized explanations of how nature works. The word has its roots in ancient Greek, but in
modern use it has taken on several related meanings.
Hypothesis: A hypothesis مفروضہis a proposed explanation for a phenomenon. For a hypothesis to
be a scientific hypothesis, the scientific method requires that one can test it. The words "hypothesis"
and "theory" are often be used synonymously, a scientific hypothesis is not the same as a scientific
theory.
Logic: A Logic منطق- علم استداللoriginally meaning "the word" or "what is spoken", but coming to
mean "thought" or "reason", is a subject concerned with the most general laws of truth, and is now
generally held to consist of the systematic study of the form of valid inference.
Strategic Plan: process of identifying major goals, policies, and strategies for an organization.
Three-E equation: efficiency + Effectiveness + Ethics = Profits + Long-term stability training: The
process of orienting employees to their job and its expectations. The third step in staffing.
Vision Statement: An expansion of the organization’s mission which provides a statement of the
perceived, achievable, and measurable future.
Mission Statement: A mission statement is a short statement of an organization's purpose, what its
overall goal is, identifying the goal of its operations: what kind of product or service it provides, its
primary customers or market, and its geographical region of operation
Value Creation: Value Creation in Managerial Economics is defined as the performance of actions
that increase the worth of goods, services or even a business.
Value Addition: The amount by which the value of an article is increased at each stage of its
production, exclusive of initial costs.
Professor Muhammad Azmat Awan () MA Eco, MBA, MS Banking & Finance, Ph.D. Finance (Scholar)
