Ethical Issues in Business

Types of Ethical Issues in Business

Bribery

Offering, giving, receiving, or soliciting something of value to influence an official's action in their public or legal duties. It also involves consideration given to an employee by an external party to transact business favorably with that party or their firm.

Coercion

Involves the threat of using power against a disadvantaged party. It is a form of accommodation carried out with an element of compulsion (physical/psychological) where one party is weaker than the other, such as in cases of slavery.

Deception

An act of fraud or deceit intended to mislead through false words or actions, knowingly and willingly making false statements or actions.

Theft

The act of taking something that does not belong to you.

Unfair Discrimination

Unfair treatment or denial of normal privileges to individuals based on race, age, sex, nationality, or religion.

Cases

Examples of cases include Bribery, Coercion, Deception, Theft, Unfair Discrimination.