1 What is Ethics? Our Text: The system of rules that governs the ordering of values. The Handout:...
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Transcript of 1 What is Ethics? Our Text: The system of rules that governs the ordering of values. The Handout:...
1
What is Ethics?
• Our Text: The system of rules that governs the ordering of values.
• The Handout: the rules or standards which govern the conduct of a person or a group.
• Others: the principles and standards of moral behavior that are accepted by society as right or good (as apposed to wrong or bad).
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What is Ethical Behavior (as applied to business)?
1. Competing Fairly and Honestly
2. Communicating Truthfully
3. Not Causing Harm to Others
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What is Social Responsibility
• The idea that business has certain obligations to society beyond the pursuit of profits—developed early in the 20th century.
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Ch. 5 Outline (Not From Text)
1. Ethics in the Workplace
2. Social Responsibility in Business
3. Business’s Efforts to Increase Social Responsibility
4. Ethics and (Corporate) Social Responsibility Around the World
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What is Ethical Behavior?
Competing FairlyCompeting Fairlyand Honestlyand Honestly
CommunicatingCommunicatingTruthfullyTruthfully
Not Harming OthersNot Harming Others
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Factors InfluencingEthical Behavior
Cultural DifferencesCultural Differences
KnowledgeKnowledge
OrganizationalOrganizationalBehaviorBehavior
LegislationLegislation
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Ethical Dilemma vs. Ethical Lapse
• Ethical dilemma – a situation in which one must choose between two conflicting but arguably valid sides.
• Ethical lapse – a situation in which an individual makes a decision that is clearly wrong, such as divulging trade secrets to a competitor.
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Social Responsibility in Business
EarlyEarly2020thth Century Century
MiddleMiddle2020thth Century Century
EarlyEarly2121stst Century Century
MaximizeMaximizeProfitsProfits
Provide JobsProvide Jobsand Pay Taxesand Pay Taxes
Balance ProfitsBalance Profitsand Social Issuesand Social Issues
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Balancing Business and Stakeholders’ Rights
BusinessBusiness
Safe Safe ProductsProducts
Product Product ChoiceChoice
ConsumersConsumers
Informed Informed PurchasePurchase
EmployeesEmployees
EquityEquityHealth & SafetyHealth & Safety
InvestorsInvestors
ProfitsProfitsFair DisclosureFair Disclosure
SocietySociety
CleanCleanEnvironmentEnvironment
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ResponsibilityToward Consumers
The Right to Safe ProductsThe Right to Safe ProductsThe Right to Safe ProductsThe Right to Safe Products
The Right to Be InformedThe Right to Be InformedThe Right to Be InformedThe Right to Be Informed
The Right to ChoiceThe Right to ChoiceThe Right to ChoiceThe Right to Choice
The Right to Be HeardThe Right to Be HeardThe Right to Be HeardThe Right to Be Heard
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Responsibility TowardEmployees
Equal EmploymentEqual EmploymentOpportunityOpportunity
AffirmativeAffirmativeActionAction
OccupationalOccupationalHealth and SafetyHealth and Safety
Americans withAmericans withDisabilities ActDisabilities Act
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Equality in Employment and The Elimination of Discrimination
• Civil Rights Act of 1964
• Civil Rights Act of 1991
• Affirmative Action
• Diversity Initiatives
• American Disabilities Act of 1990