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Business Ethics - Coggle Diagram
Business Ethics
Key Practices
Be transparent
Invite feedback
Reflect on impact (employees, stakeholders, society)
Learn from past experiences
What Are Business Ethics?
Principles guiding workplace decisions
Ethics often involve “gray areas”
Influences: experience, perspective, feedback
Ethical Responsibilities
To Society
Focus on long-term value
Apply the Triple Bottom Line:
Profit
People
Planet
Meet growing expectations for CSR
To Customers:
Avoid
Greenwashing
False advertising
False promises
Build trust and protect credibility
To Employees:
Ensure fairness (especially in termination)
Prevent legal issues & morale loss
Attract talent through ethical culture
Why It Matters?
Moral disengagement leads to
Unethical behavior
Legal & financial harm
Ethics - Long-term economic value
Many bankruptcies stem from unethical practices
How to Apply Ethics?
Balance short-term performance & long-term goals
Use reflective leadership:
Ask: “What can we do?” vs. “What would be wrong?”
Watch for rationalizations
Learn from experience + case studies