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Ethics (business ethics (business (situations, activities, decisions), a…
Ethics
business ethics
a study
business
situations
activities
decisions
ethics are addressed
determinants
values of persons in the org
corporate culture in the org
social standards of the society
ethical dilemma
situations
conflicting needs between two parties
org vs. society
individual vs org
criteria for ethical decision making
utilitarian
greatest benefit to the majority
individualism
greatest good to the individual
eg- encourage employees to find ways to outperform coworkers to gain benefits
moral-rights
considering people have rights and liberties that cannot be takeaway from them
justice
equity and impartiality
avoid discrimination
rewarding everyone equally
distribute burdens and benefits equally
following the same procedures and treatments for everyone
shaping ethical behaviour
written code of ethics
creating ethical structures.
undertake systems, programs
eg- ethics training, ethics officer
build an environment for whistle blowing
eg- ethical hotline
ethical leadership
code of moral principles and values
controls the behaviour of a person or a group
with respect to what is right and wrong