2. Ethics is standards of behaviour that tell us
know human being ought to act in the many
situations in which they find themselves as
friends, parents, children, citizens, business
people, teaches, professsional and soon
3. THE UTILITARIAN APPROACH : The ethical
action is the one that produces the greatest
good and does the least harm for all
stakeholders. The utilitarian approach deals
with consequences it tries both to increase
the good one and reduce the harm one
THE RIGHTS APPROACH: The ethical action is
the one that best protects and respects the
moral right of those affected
4. THE FAIRNESS OR JUSTICE APPROACH :
Ethical actions should treat all human beings
equally or if unequally then fairly based on
some standards that is defensible
THE VIRTUE APPROACH : Virtues are
dispositions and habits that enable us to act
according to the highest potential of our
character
5. COMMITMENT: The desire to do the right thing
regardless of the cost
CONSCIOUS: The awareness to act consistently
and apply moral convictions to daily behaviour
COMPETENCY: The ability to collect and
evaluate information develop alternatives and
foreseen potential consequences and risks
6. SOCIAL NORMS: Social norms or more are the
rules of behaviour that are considered
acceptable in a group or society
CULTURAL PRACTICE: Cultural practice
generally refers to the manifestation of a
culture or sub-culture especially in regard to
the traditional and customery practice of a
particular ethnic or other cultural group
7. RELIGIOUS INFLUENCES : Religious
approaches in order to identify foundational
elements that contribute to a successful
partnering of religious and business ethics
8. To complete in the global market indian
companies need to gear up with sound
ethical governance and ethical leadership at
the help of organisation ‘ethical leadership’
has created the current business greed
impropriety, accounting, frauds and scandals
there is a clarion all for ‘ethical leadership’
9. Ethical leaders articulate and exemplify the
vision and values of the organisations
In order to realize the goals and dreams of
the organisation ethical leaders go beyond
personal ego and individual goals recognizing
In view of long term sustainability of the
organisation ethical leaders let potential
leaders surface
Empathizing with the subordinate employees
promoting team spirit
10. Ethical leaders welcome challenges and are
imaginative ethical leaders consistently face
challenges and engage in doing the right
thing for the business
Ethical leaders exemplify their lives making
the world a better place
11. Ethical leadership requires a commitment to
examine one’s own behaviour and values
It is their ethical cores which pervades their
relationship with their followers and ensure
making their followers better
Ethical leaders must take accountability and be
responsible for the effects of their actions to all
With pressures from the stakeholders there is an
outcry for corporate governance it’s a challenges
for leaders to be ethically and socially
responsible for a sustainable business
12. Though many leaders practice good principles
yet it is time to introspect deeply
Many companies have leadership development
programs need to focus on ‘ethical leadership’
Leadership code of ethics guides leaders not only
in their roles as leaders but also for ethical
decision making
It also lays principles for fair and equitable
treatment of all employees in the organisation
It guides leaders in maintaining ethical, social
and environmental responsiblities in business
practices
13. Indian companies have recongnised the
importance of integrity transparency and
open communication companies have also
realized the goodwill resulting adopting and
successfully implementing code of business
ethics which would in the long run translate
into economic gains
