Week 2 Slides Flashcards
What are business ethics
Moral values
Rights and wrongs in business environment
Balance of what’s right and what’s profitable
What is the contemporary ethical environment
Most businesses are ethical now
What is the business approach to ethics and social responsibility
Engage in philanthropy (charity)
Manage risks
Find opportunities to make value
“Giving back to community”
How do individuals make a difference
Putting own interests ahead of business
Lying to other employees
Violating safety regulations
How do individuals ethics develop
Through factors such as
Experiences
Family
Education
Culture
How do organizations shape ethical conduct
Ethical Leadership
Ethical Action
Ethical Education
Ethical Awareness
What is ethical awareness
Code of conduct
-General statement by company on how to approach ethical issues
What is ethical education
Code of conduct can’t solve every issue
-So company should provide training in ethical field
What is ethical action
Helping employees recognize/solve ethical problems through actions
What is ethical leadership
Executives must demonstrate ethical behavior in their actions
-Use clear language
-Promote actions to create ethical value
-Practice moral absolutism
(doing the right thing even if it makes less money)
What is social responsibility
To care about profit management, consumer satisfaction
Contributions to economy, job opportunities, and charitable contributions
What is an example of a company being socially responsible
Starbucks reduced its environmental impact
What is green marketing
A marketing strategy that promotes environmentally safe products and production methods
What is responsibility to customers
Rights to
-Be heard
-Be safe
-To chose
-Be informed
What is responsibility to employees
Workplace safety
Equal opportunities at work
No sexual harassment
