Chapter 4 Bus Mgmt Ethics and Social Responsibility

Ethics Essential Question: Essential Question: What is the impact of ethics in decision making, the success of a business, and society as a whole? What is the impact of ethics in decision making, the success of a business, and society as a whole?

Ethics What are ethics? What are ethics? Ethics are a set of moral principles or values that govern behavior. Ethics are a set of moral principles or values that govern behavior. Personal ethics Personal ethics Professional ethics Professional ethics Ethics_Matters&ref=sdosher Ethics_Matters&ref=sdosher Ethics_Matters&ref=sdosher Ethics_Matters&ref=sdosher

Code of Ethics Outlines the principles of conduct to be used in making decisions within the company. Outlines the principles of conduct to be used in making decisions within the company. Should be shared with employees. Should be shared with employees. Must be enforced to be effective. Must be enforced to be effective

Code of Ethics Common areas: Common areas: Honesty (theft and lying) Honesty (theft and lying) Adherence to the law Adherence to the law Product safety and quality Product safety and quality Conflicts of interest Conflicts of interest Business_Ethics&ref=sdosher Business_Ethics&ref=sdosher Business_Ethics&ref=sdosher Business_Ethics&ref=sdosher