Date post: | 01-Jan-2016 |
Category: |
Documents |
Upload: | elinor-simpson |
View: | 215 times |
Download: | 0 times |
Personal Ethics
Have you ever cheated on exams?
•copied documents from Internet•shoplifted•cheated to win at sports
Honesty?
2-1
Business Ethics & Social Responsibility
Business Ethics – principles and standards that determine acceptable conduct in business
2-2
Business Ethics & Social Responsibility
Social responsibility– business’s obligation to maximize its positive impact and minimize its negative impact on society
2-3
Business Ethics & Social Responsibility
Laws and regulations encourage businesses to conform to society’s standards, values, and attitudes.
2-4
The Role of Ethics in Business
Unethical and/or Illegal•Accounting fraud•Deceptive advertising•Unfair competitive practices•Internet theft
2-5
The Role of Ethics in BusinessEthical Conduct
•Builds trust•Promotes confidence•Validates relationships
2-6
Types and Incidences of Observed Misconduct
Many business issues may seem straightforward and easy to resolve on the surface, but are in reality very complex.
2-7
1. Overly aggressive financial or business objectives
2. Abusive & intimidating behavior3. Conflict of interest4. Fairness & honesty5. Communications6. Business relationships
Sources of Unethical Behavior in Organizations
2-8
Conflict of interest – – the most common ethical issue identified
by employees.– Advance personal interests over others’
interests– Benefit self at the expense of the company
Sources of Unethical Behavior in Organizations
2-10
Business Ethics
Fairness & honesty – the heart of business ethics
•How employees use resources•No harm to customers•Accurate representations•Disclosure
2-12
Business Ethics
Most Popular Office Supplies Employees Pilfer
“More Employees Taking Supplies,” The News Journal
2-13
Ethical Concerns
•False/misleading advertising•Deceptive personal selling tactics•Product safety and quality•Unsubstantiated claims•Product labeling
Communications
2-14
Ethical Concerns
•Relationships with customers•Relationships with suppliers•Relationships with co-workers
Business Relationships
2-15
Ethical Concerns
The act of taking someone else’s work and presenting it as your own without mentioning the source
Plagiarism
2-16
Improving Ethical Behavior in Business
Ethical decisions in an organizations are influenced by three key factors
2-17
Improving Ethical Behavior in Business
Codes of Ethics – Formalized rules and standards that describe what a company expects of its employees.
2-18
Codes of Ethics
The act of an employee exposing an employer’s wrongdoing to outsiders, such as the media or government regulatory agencies.
Whistleblowing
2-19
Nature of Social Responsibility
1. Economic2. Legal3. Ethical4. Voluntary (philanthropic)
4 Dimensions
2-21
SR: A business’s obligation to maximize its positive impact and minimize its negative impact on society
Nature of Social Responsibility
The extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders.
Corporate Citizenship
2-23
Nature of Social Responsibility
1. Intel Corporation2. Eaton Corporation3. Nike Inc.4. Deere and Co.See the top 20 list on page 53
Best (American) Corporate Citizens
2-24
Social Responsibility Issues
• Primary concern with profit or ROI• Financial community at large• Proper accounting procedures• Protecting owner’s rights and investments
Owners & Stockholders
2-25
Social Responsibility Issues
• Provide a safe workplace• Adequate compensation• Listen to grievances• Fair treatment
Employee Relations
2-26
Social Responsibility Issues
Consumerism – the activities that independent individuals, groups, and organizations undertake to protect their rights as consumers.
Consumer Relations
2-27