DO NOW: Ethics: Ethics is a set of moral principles by which people conduct themselves personally, socially, or professionally. What is your personal code of ethics?  Summarize your own personal code of ethics using 8 to 10 statements  Try writing the do’s, not the don’ts  Consider: School (your work) School (your work) Friends Friends Family and home Family and home The environment The environment

Business Ethics Chapter 4 Business Ethics

What is Ethics? Ethics is a set of moral principles by which people conduct themselves personally, socially, or professionally. Ethics is a set of moral principles by which people conduct themselves personally, socially, or professionally.  Examples You don’t cheat on a test or steal clothing from a store because of personal honor and integrity. You don’t cheat on a test or steal clothing from a store because of personal honor and integrity. For the good of society you recycle or “go green” to take care of the environment. For the good of society you recycle or “go green” to take care of the environment.

Important Ethical Questions When considering a questionable course of action, you have to ask yourself the following: When considering a questionable course of action, you have to ask yourself the following:  Is this against the law?  Does it violate company 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 gains?

What is Business Ethics? A set of guidelines about how a business should conduct itself A set of guidelines about how a business should conduct itself A business should operate legally, ethically, and humanely A business should operate legally, ethically, and humanely Unwritten or written policy Unwritten or written policy  Code of Conduct or Code of Ethics Example of unethical behavior Example of unethical behavior  Sweatshops Factories that have unsafe working conditions, treat workers badly, and pay poorly. Factories that have unsafe working conditions, treat workers badly, and pay poorly. 

Legal Responsibilities Code of Ethics SSSSet of guidelines for maintaining ethics in the workplace OSHA OOOOccupational Safety and Health Administration Division of the Dept of Labor SSSSets and enforces work-related health and safety rules.

Ethical Decision Making: The benefits Making Ethical Decisions leads to more business activity and more efficient production of goods and services. Making Ethical Decisions leads to more business activity and more efficient production of goods and services.  Business work best when there is a mutual trust between buyer and seller.

Ethical Decision Making: The benefits Making Ethical Decisions leads to more business activity and more efficient production of goods and services. Making Ethical Decisions leads to more business activity and more efficient production of goods and services.  Business work best when there is a mutual trust between buyer and seller.

Ethical Decision Making: The Decision Process When making ethical decisions use the following 5 steps: When making ethical decisions use the following 5 steps:  1. Identify the ethical dilemma  2. Discover alternative actions  3. Decide who might be affected  4. List probable effects of the alternatives  5. Select the best alternative

Ethical Decision Making Using this process will enable you to make a more informed ethical choice. Using this process will enable you to make a more informed ethical choice. Remember an ethical decision involves more people than just you. Remember an ethical decision involves more people than just you.

Business Ethics in the Movies Monsters Inc