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Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
1.
Business ethics are the standards of conduct and moral values
governing actions and decisions in the work environment
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
1.
Business ethics are the standards of conduct and moral values
governing actions and decisions in the work environment
2.
Businesses must take into account a wide range of social issues.
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
1.
Business ethics are the standards of conduct and moral values
governing actions and decisions in the work environment
2.
Businesses must take into account a wide range of social issues.
•
How will a decision affect the environment?
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
1.
Business ethics are the standards of conduct and moral values
governing actions and decisions in the work environment
2.
Businesses must take into account a wide range of social issues.
•
How will a decision affect the environment?
•
How will it effect its customers?
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
1.
Business ethics are the standards of conduct and moral values
governing actions and decisions in the work environment
2.
Businesses must take into account a wide range of social issues.
•
How will a decision affect the environment?
•
How will it effect its customers?
•
How will it effect its employees?
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
3.
These issues are part of social responsibility – the philosophies, policies,
procedures and actions that enhance society’s welfare.
Intro to Business
CHAPTER TWO
Concern for ethical and societal issues
3.
These issues are part of social responsibility – the philosophies, policies,
procedures and actions that enhance society’s welfare.
4.
Through ethics and social responsibility, businesses find the balance
between doing what is right and what is profitable.
Intro to Business
CHAPTER TWO
Business ethics in Practice
Intro to Business
CHAPTER TWO
Business ethics in Practice
1.
In business, as in life, deciding what is right or wrong is not always
clear cut.
Intro to Business
CHAPTER TWO
Business ethics in Practice
1.
In business, as in life, deciding what is right or wrong is not always
clear cut.
2.
A company has responsibilities to many groups.
Intro to Business
CHAPTER TWO
Business ethics in Practice
1.
In business, as in life, deciding what is right or wrong is not always
clear cut.
2.
A company has responsibilities to many groups.
•
To its consumers
Intro to Business
CHAPTER TWO
Business ethics in Practice
1.
In business, as in life, deciding what is right or wrong is not always
clear cut.
2.
A company has responsibilities to many groups.
•
To its consumers
•
To its employees
Intro to Business
CHAPTER TWO
Business ethics in Practice
1.
In business, as in life, deciding what is right or wrong is not always
clear cut.
2.
A company has responsibilities to many groups.
•
To its consumers
•
To its employees
•
To its investors
Intro to Business
CHAPTER TWO
Business ethics in Practice
1.
In business, as in life, deciding what is right or wrong is not always
clear cut.
2.
A company has responsibilities to many groups.
•
To its consumers
•
To its employees
•
To its investors
•
To society as a whole
Intro to Business
CHAPTER TWO
Business ethics in Practice
3.
Conflicts can arise in trying to serve the different needs of each of these
groups
Intro to Business
CHAPTER TWO
Business ethics in Practice
3.
Conflicts can arise in trying to serve the different needs of each of these
groups
4.
The individual ethics of staff at all levels, not just executives, shape a
firm’s decisions and actions.
Intro to Business
CHAPTER TWO
Business ethics in Practice
5.
Business ethics are shaped by several factors
Intro to Business
CHAPTER TWO
Business ethics in Practice
5.
Business ethics are shaped by several factors
•
By individuals weighing what’s right and wrong before deciding or
taking action
Intro to Business
CHAPTER TWO
Business ethics in Practice
5.
Business ethics are shaped by several factors
•
By individuals weighing what’s right and wrong before deciding or
taking action
•
By the ethical climate, the prevailing combination of a company’s
stated beliefs and its real actions.
Intro to Business
CHAPTER TWO
Business ethics in Practice
5.
Business ethics are shaped by several factors
•
By individuals weighing what’s right and wrong before deciding or
taking action
•
By the ethical climate, the prevailing combination of a company’s
stated beliefs and its real actions.
•
By a firm’s code of conduct, usually made up of statements in which
the right thing to do is encouraged and applauded
Intro to Business
CHAPTER TWO
Business ethics in Practice
5.
Business ethics are shaped by several factors
•
By individuals weighing what’s right and wrong before deciding or
taking action
•
By the ethical climate, the prevailing combination of a company’s
stated beliefs and its real actions.
•
By a firm’s code of conduct, usually made up of statements in which
the right thing to do is encouraged and applauded
•
By a firms framework designed to encourage, or demand, high
ethical standards from its workers