1.6 (Business Ethics)

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Description and Tags

Unit 1

5 Terms

1
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Unethical Behaviour

Falsifying, Misusing Property, Concealing Data, Fraud

2
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Incentive Structures

Poor Incentives Push Unethical Choices

3
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Encouraging Ethical Behaviour

  • Codes of Conduct : Written Standards Employees Follow


  • Employee Training : Ongoing Programs


  • Accountability : Internal Repercussions for Transgression


  • Leadership : Executives Model Ethical Behaviour


4
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Stakeholders

  • Internal : Employees, Managers Directly Involved in Operations.


  • External : Customers, Community, Investors, Suppliers.


5
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Ethical Response Frameworks

  • Net Benefit : Greatest Total Benefit Across Parties


  • Strategic Alignment : Aligns with Stated Values


  • Reputation : Protects Public Standing