INTRODUCTION
Ethical abuse is the use of power or trust to exploit or harm others, or to take advantage of their vulnerabilities. It can involve violating their rights, dignity, or autonomy, or causing them emotional or physical harm. Ethical abuse can occur in many different contexts, such as in personal relationships, at work, or in a healthcare setting. It is often motivated by a desire for power, control, or personal gain, and it can have serious consequences for the victims, including physical, emotional, and psychological harm.
Values are the guiding principles or beliefs that shape a person's actions and decisions. They are often related to moral principles, such as fairness, respect, honesty, and compassion, and can influence how a person approaches ethical dilemmas and situations. Different people may have different values, and these values can change over time as a person's experiences and understanding of the world evolve.
ETHICAL ABUSES IN BUSINESS
CORPORATE ETHICAL/LEGAL ABUSES INCLUDE:
- Creative accounting
- Earnings management
- Misleading financial analysis
- Insider trading
- Securities fraud
- Bribery/kickbacks
- Facilitation payments
VALUES
- Qualities, characteristics, or ideas about which we feel strongly.
- Our values affect our decisions, goals and behavior.
- A belief or feeling that someone or something is worthwhile.
- Values define what is of worth, what is beneficial, and what is harmful
- Values are standards to guide your action, judgments, and attitudes.
- They can be Positive –negative & Permanent-Transient.
MORALITY
- Principles concerning the distinction between right and wrong or good and bad behavior
- More deeper than Ethics (Individualistic nature)
- Examples:
– Have courage
– Respect others
– Do not judge
– Keep your promises
ETHICS
- Systematic study of Human actions from the point of view of their rightfulness or wrongfulness, as means for the attainment of the ultimate happiness
- Moral principals that govern a person’s behavior or conducting of an activity
- It promotes human welfare or “the good”
DIFFERENCE AND RELATIONSHIP BETWEEN VALUE, ETHICS AND MORAL
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