Incorporating ethics into substainable development
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The document discusses the incorporation of business ethics into governance for sustainable organizational development, emphasizing the trade-off between environmental health and business growth. It presents connections among bearable, viable, and equitable practices crucial for sustainable development, alongside definitions of business ethics and sustainability. The conclusion highlights the importance of transparency in business practices concerning resource conservation and remuneration.
Incorporating ethics into substainable development
- 1. MBFSE INTERNATIONAL CONFERENCE 2014 NEW DELHI, INDIA INCORPORATING BUSINESS ETHICS INTO GOVERNANCE FOR SUSTAINABLE ORGANIZATIONAL DEVELOPMENT; THE SMALL SCALE APPROACH. 13/04/2015 Business Ethics for Sustainable Organisational 1 Vincent Konadu Tawiah M.com, University of Mysore, India vincentkonadu@gmail.com
- 2. ABSTRACT Trade off between healthy environment and business growth. Three major connections namely bearable, viable and equitable Sustainable practices, 3Rs, going green, fair and equitable remuneration Law of karma” and desist from “tragedy of commons 13/04/2015 Business Ethics for Sustainable Organisational 2
- 3. METHODOLOGY Secondary data (books, articles and journal) Linking ethics to sustainable development Rooting out the bottom line of sustainable business development Brings out connections among the bottom line variables Detailed out some practices small scale business can adopt to achieve sustainable business development 13/04/2015 Business Ethics for Sustainable Organisational 3
- 4. DEFINITIONS Business Ethics using the right means to achieve a right objective for the benefit of all including the environment. Sustainability: “Meeting the needs of the present without compromising the ability of future generations to meet their own needs.” (United Nations, 1987) Business sustainable development means adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today while protecting, sustaining and enhancing the human and natural resources that will be needed in the future.13/04/2015 Business Ethics for Sustainable Organisational 4
- 5. ECONOMIC This element on the other hand looks at how business responses to the economic well being of people SOCIAL The social element evaluate the how business activities affect its people welfare especially employees ENVIRONMENT This element examines business activities on natural resources and natural environment. TRIPLE BOTTOM LINE SUSTAINABLE DEVELOPMENT 13/04/2015 Business Ethics for Sustainable Organisational 5
- 6. 13/04/2015 Business Ethics for Sustainable Organisational 6 The connections bearable sustainable social viable equitable
- 7. VIABLE •Reduce •Reuse •Recycle. EQUITABLE •High quality products •Low pricing products •Non discrimination at workplace •Equitable remuneration 13/04/2015 Business Ethics for Sustainable Organisational 7 BEST PRATICES
- 8. CONCLUSION Business should not only say we conserving so much water; also they should say how much ground water they are depleting. In salaries, say how it compares with salaries of other companies in the area, how it impacts the area 13/04/2015 Business Ethics for Sustainable Organisational 8
- 9. 13/04/2015 Business Ethics for Sustainable Organisational 9