BUSINESS ETHICS

CORPORATE SOCIAL RESPONSIBILITY

the responsibilities businesses have to; COMMUNITY, ENVIRONMENT, WORKERS, STAKEHOLDERS

WHISTLEBLOWING

when employee discloses misconduct either (privately) to employer, or the public

GLOBALISATION

integration of ECONOMIES, POLICIES & CULTURES around the world

“GOOD ETHICS=GOOD BUSINESS”

the principle that ethical business decisions lead to positive outcomes, including CUSTOMER LOYALTY, EMPLOYEE SATISFACTION & LONG-TERM PROFIT

WHAT ARE THE DIFFERENT TYPES OF BUSINESSES?

TRANS-NATIONAL CO-ORPRATIONS: businesses based in many countries →BIG BUSINESSES ARE SET UP SO NOT JUST ONE PERSON IS LIABLE FOR EVERYTHING

SOLE-TRADERS: one-person businesses

SHAREHOLDERS

people who have invested in a business

WHAT MUST BUSINESS MANAGERS ALWAYS DO?

perform the duty of always acting in the best interest of their shareholders

STAKEHOLDER

An individual / group that is harmed by, or can harm, the co-operation. ~Business Ethics: A European Perspective, 2004

INCLUDING: EMPLOYEES, CUSTOMERS, SUPPLIERS, CONSUMERS & GOVERNMENT

ETHICAL RESPONSIBILITIES

can “oblige corporations to do what is right, just and fair even when they are not compelled to do so by legal framework.” -Business Ethics: A European Perspective, 2004

STAKEHOLDER RESPONSIBILITIES

an obligation that cannot be rejected without serious repetitional damage

PRIMA FACIE -business ethics 1991

loyalty employer has to an employee

(undermined by whistleblowing !)