BUSINESS
ETHICS
It is defined as principles of conduct within organizations that guide decision-making and behavior
GOOD BUSINESS ETHICSis a pre-requisite for good strategic management
GOOD ETHICSis just good business
BUSINESS
ETHICS
It is a document that provides behavioral guidelines that cover daily activities and decisions within an organization
-to ensure that the code is real, understood, believed and remembered. Periodic ethics workshops are needed to sensitive people to workplace circumstances.
BUSINESS
ETHICS
ETHICAL EDUCATIONproviding training in ethical reasoning
ETHICAL ACTIONhelping employees to recognize and reason with ethical problems
ETHICAL LEADERSHIPTop management must demonstrate ethical behavior in their actions.
BUSINESS
ETHICS
AN ETHICS CULTUREWHISTLE BLOWINGrefers to policies that require employees to report any ethical violations that discover or seen in the firm.
ETHICAL DILEMMAMoral problem in a business environment with a choice between potential right and wrong
BUSINESS
ETHICS
AN ETHICS CULTUREBRIBERYthe offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in discharge of a public or legal duty.BRIBE-is a gift bestowed to influence a recipient’s conduct
-may be any money, good, right in action, property, preferment, privilege, emolument, object of value, advantage, etc.
SOCIALRESPONSIBILITY
It refers to actions an organization takes beyond what is legally required to protect or enhance the well-being of living thing.
SOCIALRESPONSIBILITY
RALPH NADERMILTON FRIEDMAN
proclaims that organizations have tremendous social obligations
asserts that organizations have no obligation to do anymore for society than is legally required
SOCIALRESPONSIBILITY
to the General Public
to Customersto Investors &
Financial Community
to Employees
RESPONSIBILITY TO THEGENERAL PUBLIC
PUBLIC HEALTH ISSUESCORPORATE PHILANTROPHY
PROTECTING THE ENVIRONMENT
RESPONSIBILITY TOCUSTOMERS
THE RIGHT TO BE SAFETHE RIGHT TO BE INFORMEDTHE RIGHT TO BE CHOOSE
THE RIGHT TO BE HEARD
RESPONSIBILITY TOINVESTORS
OBLIGATION TO MAKE PROFIT FOR SHAREHOLDERS
EXPECTATIONS OF ETHICAL AND MORAL BEHAVIOR
INVESTORS ARE PROTECTED BY REGULATION UNDER SECOND AND STATE REGULATIONS
RESPONSIBILITY TOEMPLOYEES
WORKPLACE SAFETY
AGE DISCRIMINATION
ENSURING EQUAL OPPURTUNITY ON THE JOB
SEXUAL HARASSMENT
SOCIAL POLICY
embraces managerial philosophy and thinking at the highest level of the firm
concerns what responsibilities the firm has to employees, consumers, shareholders, and other groups
SOCIALRESPONSIBILITY
ENVIRONMENTSUSTAINABILITY
SUSTAINABILITYrefers to the extent that an organization’s operations and actions protect, mend and preserve rather than harm or destroy the natural environment
The strategies of both companies and countries are increasingly scrutinized and evaluated from a natural environment perspective.
ENVIRONMENTSUSTAINABILITY
SUSTAINABILITY REPORTreveals how a firm’s operation impact the natural environment
These reports are not required, but are a god business practice
ENVIRONMENTSUSTAINABILITY
REASONS WHY FIRMS SHOULD “BE GREEN”
CONSUMER DEMAND
PUBLIC OPINION
ENVIRONMENTAL ADVOCACY GROUPS
LIABILITY SUITS AND FINES
CONSUMERS, SUPPLIERS, DISTRIBUTORS & INVESTORS
ENVIRONMENTSUSTAINABILITY
ISO 14000a series of voluntary standards in the environmental field
concerns the extent t o which a firm minimizes harmful effects on the environment caused by its activities and continually monitors and improves its own environmental performance
ENVIRONMENTSUSTAINABILITY
ISO 14001a set of standards adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner.