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Chapter 2 - Professionalism and ethics (Ethical issues in the corporate…
Chapter 2 - Professionalism and ethics
Business ethics
The study of how personal values and principles are applied in a business situation
Why implement ethical programmes
There is a growing awareness that employees are more productive and creative if they find their work meaningful and if they are able to maintain a healthy balance between a professional and personal life
Enabling conditions are created when the business does more than merely stay within the letter of the law. Follow written and unwritten laws
Ethical issues in the corporate world
Firing an employee for whistle-blowing
Situation where an employee reports unethical behaviour to management
Piracy
The unauthorised and illegal duplication of products protected by patents or copyrights
Affirmative action
It is an attempt to rectify the past moral injustices, when taken to far that it leads to reverse discrimination
Counterfeiting and bootlegging
Counterfeiting is the act of copying or imitating and trying to pass it off as an origional
Bootlegging is the illegal distribution of a product, normally alcohol
Unauthorised use of funds
Fraudulent invoices / payment requistitions
Forged signatures
Unauthorised electronic payments
Skimming accounts (transferring small, seemingly insignificant amounts)
Other
Divulging confidential information or trade secrets
Terminating employment without following proper procedure
Unethical advertising
Employee conflict of interest
Moral conflict
Having to do something even if it is against your religious or ethical beliefs
Conflict of interest
eg. someone in the position to make decisions on granting tenders has a family member who is tendering
Levels of business ethics
Professional
Societal
Bribe or payment to make sure a transaction runs smoothly
Trading / sports on religious holidays
Organisational
To ask an employee to perform an unethical or illegal act to earn a profit
To pressure individuals or groups to overlook wrongdoings of their peers in the interests of the business's reputation
International
Individual
To call in sick when one is not
To accept a bribe
Plagiarism
To cheat on an expense account
Code of ethics
Defining the morals, principles and values under which and organisation operates
Code of conduct
A more specific concept, regulating the expected behaviours for proper business practice