Ethics: The principles and standards that moral habits that are embraced by society as right versus wrong. This is partially defined by ours societal norms.

You are watching: Moral behavior refers to behavior that is accepted by society as right versus wrong.

Business Ethics: applications of honest standards to organization situations.

Corporate society Responsibility: The idea that business has details obligations to culture beyond the pursuit of profits.

Society\"s view on the function of company has adjusted over the years:

19th and also early 20th centuries, idea that Caveat Emptor (\"May the buyer Beware\") to be the accepted notionMid-20th century (Friedman) the idea the business\" only responsibilities to culture were to develop jobs and also to salary taxes ended up being the embraced norm.Now there is a much more comprehensive view. The idea that not just does a firm have a duty to society far beyond profits, however that law so will actually end up increasing profits is the existing standard.

How climate is Corporate social Responsibility connected to company Ethics?


interactive Input Here!
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How can We behave Ethically In Business? ( in ~ the Minimum)


Compete relatively and HonestlyBeing Truthful (Timing and Content)Avoid Causing damage to rather (Avoid insider trading and also conflicts of interest)
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There are MANY, many Factors that Influence ethical Behaviors. Right here are the top 3:


cultural Differences (Globalization)Knowledge (the an ext you know, the better your volume for making the best choices)Corporate actions ***
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methods to Encourage Ethical service Culture:


develop a Code that Ethics/ code of ConductProvide values TrainingEnforce developed Codes that ConductMake certain there is part reporting system in location (Whistle Blowing)

Facing ethical Dilemmas:


Is It moral (Legal/Fair/Acceptable/Feasible)Stakeholder concerns (Outsiders, Superiors, other Employees)Philosophical (Utilitarianism/Rights/Justice)
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ethical Dilemma


A situation in which one must choose in between two conflicting however arguably valid sides.

ethical Lapse


an individual makes a decision the is clearly wrong. (Behaving unethically)

Business culture


The norms, values and also traditional actions of the organization that affect it\"s strategy direction and also business decision entity-wide.

ethical Dilemma


A case in i m sorry one need to choose between two conflicting however arguably valid sides.

honest Lapse


an individual provides a decision the is clearly wrong. (Behaving unethically)

Business society


The norms, values and also traditional habits of the business that influence it\"s strategy direction and business decision entity-wide.
Corporate social Responsibilities- interactive

Society- Philanthropy & Sustanablility


Philanthropy- social Audits (how room we law now?), cause-related marketing, other philanthropic activities.Sustainability- Decrease contamination (ecology), eco-friendly Protection company (EPA)

Consumers- Consumers' bill of civil liberties (President Kennedy)


propelled by Consumerism- movement that put press on companies to take into consideration consumer needs and interests.Consumer Product safety and security CommissionProduct SafetyAccurate InformationFreedom that ChoiceRight to be Heard

Investors- Profits, threat Management, Ethical behavior


Unethical decisions and unjustified risk space unfair come the investors

Employees- Equity, Safety and Health


Equity equal Employment opportunity Commission- Civil rights Act the 1964 created the EEOC (job discrimination)

Affirmative action programs started being developed in the 1960\"s to resolve the serious lack of diversity in the workplace.

Americans v Disabilities act (ADA) which help disabled Americans. Calls for employers to administer reasonable accommodations

Health & Safety work-related Safety and Health act of 1970 created occupational Safety and also Health management to enforce safety and security standards created therein.
..... And also LET'S play KAHOOT!

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