Week 1: 01 Ethics in the Business World

Bathsheba syndrome

The moral corruption of people in power, which is often facilitated by a tendency for people to look the other way when their leaders act inappropriately has been given the name

Conflicts of Interest

A situation where a person's personal interests could improperly influence their professional decisions.

Financial conflicts

Types of Conflicts of Interest in IT: An IT manager recommending a vendor because they receive commissions or gifts.

Personal relationships

Types of Conflicts of Interest in IT: Hiring or approving contracts for friends or relatives.

Dual roles

Types of Conflicts of Interest in IT: A developer working for two competing companies at the same time.

Self-dealing

Types of Conflicts of Interest in IT: Using company resources to build personal projects or businesses.

Fraud

involves the intentional deception of secure and unfair or unlawful gain. Often includes, manipulating systems, data, or processes for personal benefit.

Bribery

occurs when someone offers, gives, receives, or solicits something of value to influence a decision. Often involves procurement, vendor selection, system approvals, or access privilege

Data manipulation

Forms of Fraud in IT: Altering records, logs, or databases to hide mistakes or gain benefits

Unauthorized access

Forms of Fraud in IT: Using admin privileges to change grades, salaries, or financial data.

Software piracy and license fraud

Forms of Fraud in IT: Using cracked software or misreporting license usage.

Identity fraud

Forms of Fraud in IT: Using stolen credentials to commit transactions or access restricted systems.

Click fraud

Forms of Fraud in IT: Artificially inflating website ad clicks for revenue.

Discrimination

Unequal or unfair treatment of individuals based on characteristics such as gender, race, age, disability, religion, or socioeconomic background.

Exploitation

Taking unfair advantage of individuals or groups for personal ororganizational gain. Often involves power imbalance, lack of transparency, or misuse ofskills, labor, or data

Hiring bias

Discrimination Appears in the IT Workplace: Preferring candidates from certain schools, backgrounds, or genders.

Promotion inequality

Discrimination Appears in the IT Workplace: Women or minority employees being overlooked for leadership roles.

Unequal pay

Discrimination Appears in the IT Workplace: Employees doing the same job but receiving different compensation.

Stereotyping in roles

Discrimination Appears in the IT Workplace: Assuming women are better suited for documentation or UI tasks,while men handle programming or networking.

Unpaid or underpaid overtime

Exploitation Appears in the IT Workplace: "Crunch time" culture in software development.

Unfair workloads

Exploitation Appears in the IT Workplace: Junior employees being overloaded because they are "eager to prove themselves.

Intellectual property exploitation

Exploitation Appears in the IT Workplace: Companies claiming ownership of personal projects created outside work hours.

Intern exploitation

Exploitation Appears in the IT Workplace: Interns doing full-time work without proper compensation or mentorship.

Corporate social responsibility

Is the concept that an organization should act ethically by taking responsibility for the impact of its actions on its shareholders, consumers, employees, community, environment,and suppliers

Supply chain sustainability

is a component of CSR that focuses on developing and maintaining a supply chain that meets the needs of the present without compromising the ability of future generations to meet their needs.

Philanthropy

is one way in which an organization can demonstrate its values inaction and make a positive connection with its stakeholders.

Dell Inc.

has several initiatives aimed at reducing the amount of natural resources it takes to create and ship its products, cutting the amount of energy it takes its customers to use its products, and curbing the effects its products have on people and the planet.

Google

agreed to invest more than $1.5 billion in renewable energy projects, such as large-scale wind farms and rooftop solar panels.

Microsoft

made $922 million in technology donations to more than 120,000 nonprofit organizations globally, and its employees contributed $117 million to 20,000 nonprofits through the company's corporate giving program

Oracle

delivered nearly $5 billion in resources (with a focus on computer science education) to help 2.2 million students in 100 countries become college-and-career ready

Ethical Leadership

is leadership that prioritizes integrity, honesty, and responsibility in decision-making.