Chapter 4 – Page 82. Discussion starter:

Is unethical and illegal the same thing?

If it is illegal, is it unethical?

Goals Chapter 4.1

Explain why ethics are important in business

Describe a code of ethics

Discuss ethical dilemmas

Describe laws that deal with ethical dilemmas.

The Main Idea – Chapter 4

This chapter covers the role of ethics and social responsibility in the business world.

4.1 – Discusses the importance of ethics, codes of ethics, and laws that affect ethics in business.

4.2- Describes how companies have changed their attitude toward social responsibility and how some demonstrate it.

The Importance of Ethics pg 84

What are some of your personal ethics?

When did you form the morals and ethics you live by?

The Importance of Ethics

• All individuals develop their own set of ethical rules

• Helps them decide how to act in certain situations

• Like us, businesses develop ethics to help them determine how to behave…

Ethics A set of moral principles or values that govern behavior.

Code of Ethics/Conduct

• dCode of Ethics A document that outlines the principles of conduct to be used in making decisions within the organization.

Code of Ethics/Conduct Examples:

Verizon

Timberland

Kraft Foods

Patagonia

Think of a company and find their code of ethics/conduct.

How do you feel about their code of conduct?

Verizon Code of Conduct Worksheet

Individually, complete the Verizon Code of Conduct worksheet

Code of Ethics Homework:Looking at the Verizon Code of Conduct example on my wiki, please read it and pick another example to examine.

– Write a one page reflective essay comparing and contrasting the two (saved in Drive as “Code of Conduct Compare and Contrast”)

– While reading, get a feel for the two companies and what message they are trying to send

– Include how the similarities/difference between the two makes you feel about the company overall

Code of Ethics. In groups of three…

Consider the school store as our business

Create a Power point code of ethics for the school cart that should govern our classroom

No requirements how lengthy it needs to be but please put serious thought into its layout and form. Do we want a Verizon or Timberland code of ethics or a mix?

Answer