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Chapter 2
business ethics.
Business Ethics
The standards of conduct and moral values governing actions and
decisions in the work environment.
Social responsibility.
Balance between whats right and whats profitable.
Often no clear-cut choices.
Often shaped by the organizations ethical climate.
Sarbanes-Oxley Act
2002 law that added oversight for the nations major companies and a
special oversight board to regulate public accounting firms that audit
the financial records of these corporations.
Lying to employee
Misrepresenting hours
Safety violations
Internet Abuse
Technology is expanding
unethical behavior
Employees disclosure
of illegal, immoral, or
unethical practices in
the organization.
Businesspeople expect
employees to be loyal
and truthful, but ethical
conflicts may arise.
Code of Conduct
Formal statement that
defines how the
organization expects
and requires
employees to resolve
ethical questions.
Codes of conduct
cannot detail a solution
for every ethical
situation, so
corporations provide
training in ethical
reasoning.
Helping employees
recognize and reason
through ethical
problems and turning
them into ethical
actions.
Executives must
demonstrate ethical
behavior in their
actions.
Social Responsibility
Managements consideration of profit,
consumer satisfaction, and societal
well-being of equal value in evaluating
the firms performance.
Contributions to the overall economy,
job opportunities, and charitable
contributions and service.