SYNOPSIS

Ethics is simply "doing the right things the right way." We often overestimate the cost of doing the right thing and underestimate the cost of failing to do the right thing. Nevertheless, ethical decision making in business is often emphasised but rarely fully understood. Scandals and corporate corruptions still permeate the news media, creating sensational headlines and making people more skeptical whether business is still just a game or war! Is ethics a must in business? If yes, whose ethics apply?

Do ethics apply to business? If so, whose ethics apply? What is the business impact of unethical business conduct? Are good people disadvantaged in conducting business in an ethical manner? Possibly but that should not be used as an excuse to do the wrong thing. This philosophy of conducting business ethically should apply to everything handled by a business and its employees at all times.

This talk is intended to increase participants’ awareness of the various principles of ethics and their respective implications when applied in decision making. It also provides some practical ways of dealing with ethical dilemmas encountered in business dealings.


BIODATA OF SPEAKER

Dr Chong Chien Fatt, B. Sc. (Hons), Mech. Eng., M. Eng. (Industrial Engineering & Management), DBA (Doctor of Business Administration), P Eng, FIEM , MIMechE., C. Eng., ACGI.

Dr Chong, a professional engineer graduated in Mechanical Engineering from Imperial College, did his post-graduate studies in Industrial Engineering and Management in the Asian Institute of Technology and obtained his Doctorate of Business Administration in 2006.

He has been involved over the years in turn-around jobs as a CEO/COO for six different companies over the past 20 years. His fields of interests are in Total Quality Management/Six Sigma, Organizational Transformation/Change, Feasibility Studies, Lean Manufacturing or Kaizen and Personality/Psychology. He has more than two decades of experience in manufacturing and marketing as well as practicing, teaching and consulting work in quality and change management. He has substantial managerial experiences and has real life experiences of solving problems, turning around companies and bringing various companies to higher level of growth and achievement. He has completed his Doctorate of Business Administration with the University of Newcastle, Australia with the purpose of acquiring more relevant and up-to-date knowledge and hopefully to impart them to others in a pragmatic and yet simple-to-understand manner for working adults.