Ethics Business Ethics Unit Essential

Question: How does ethical behavior affect my business decisions?

EQ: How does a business monitor itself to ensure ethical employee behavior and business practice?

Why is this important?

Rights of: Consumer Employee Citizens

So what is ethics?

Ethics Moral principles

personally socially professionally

Moral choices and values Right or Wrong?

Golden Rule

Ethics in Business

Business ethics is a set of laws about how a business should conduct itself.

Legally and Humanely Law, Human Rights

Ethics in Business

Self Policing Code of ethics

How to act, dress Customer Service

Strict guidelines Employee behavior Environmental safety

Be Ethical because:

Ethical = no fines or loss of licenses Ethical = respect from employees and

customers

Important Ethical Questions

Is it against the law? Does it violate work or professional

policies? What if everyone did this? How would I feel if someone did this

to me? Am I sacrificing long-term benefits for

short-term goals?

Social Responsibility

Social responsibility is the duty to do what is best for the good of society.

Not all about profit, if so: conflict of interest – profits before social

welfare

Responsibility to Customers

Customers are a businesses’ first responsibility

Agencies protect consumers Federal Trade Commission

Reebok Tennis Shoes Internet Crime Complaint Center

FBI Identity Theft

Legal Considerations

Laws affect: Employees Customers Suppliers

Payroll/Withholding Wage/Hour ADA Harassment Hiring Taxation OSHA