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Ethical Behavior

By:ArindamDas(29005)JatinJaswani(29016)LokeshArya(29023)Mayook Chaudhuri (2900 )Piyushri Nagarale (290 )Vaibhav Kumar (29055)

Group 4

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How valid are the assertions “profit is ethical” and “ethic pays”?

Authors propose Model of rational behavior which combines economic interests with ethical concerns.

Subjects discussed in the paper are BUSINESS ACTORS , who face the ethical dilemmas in the organizations

Behaviors can be categorized into optimal , venal , sacrificial and irrational . The choice between venal and sacrificial behavior is relative to the values of the actors and the interest at stake.

Economic Rationality and ethical behavior cannot be reduced to one another.

Economic Rationality and Ethical Behavior

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Impact of ethical values on counterproductive behavior of future Manager’s

Business ethics covered in Accounting & business schools

Renew & revitalize business educators to ethical responsibility of individuals and businesses

Students are tested on moral level of development( Kohlberg theory)

Dominant individual student Value> Instrumental> Caring

Younger student highly prone to get involved in Counter productive behavior

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Understanding Ethical behavior & Decision making in Management

Unethical behavior & decision making in Management Normative & Behavioral business ethics approach Special Issue: A) Goal Setting

B) Self regulationC) Self interestD) Knowledge processing

Student tested on business ethics, people on strategic ethical choices, Qualitative research to examine ethical decision making process of executives

Ethical decision making depends on the moral identity, perception and regulatory focus of an individual.

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LEARNINGS Performance desires are associated with inclination

towards cheating. People tend to lie when pay offs are minimal. Lying is psychologically costly 3 Stages in decision making( intuitionist lens)

Ethical Knowledge/ Awareness Intuitionist Judgment Arbitration

Behavioral business ethics approach is better Students with high perception of ethical conduct

involve less in CPB. So, companies should measure this dimension while hiring.

Training and educational programs for students will create awareness and better perception.

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BROAD CONCLUSIONS Caring value, perception of ethical conduct,

and age had a significant impact on counterproductive behaviour of students.

Behavioral approach is better than normative approach in understanding ethical conduct.

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Support from lectures/theory

Model of ethical behavior : Individual Influences : Value System Cognitive Moral Development Premoral Conventional

Principled Organizational Influences : Codes of Conduct Norms

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THANK YOU