 DO NOW: What comes to mind when you hear the word ethical? EETHICAL

SLIDE 2  Ethics: principles of morality or rules of conduct  Business Ethics: rules about how a business and employees ought to behave  Code of ethics  Ethical conduct guidelines  Is the action legal?  Does the action violate professional or company standards?  Who is affected by the action and how?  Top management must model this behavior

 A common concern in ethical decision-making involves a conflict of interest. This can occur when an action by a company or individual results in an unfair benefit.  For example, it would be a conflict of interest if a person serving on a company’s board pressured the company to buy items only from businesses that the board member owns or controls. SLIDE 3

 Who do you admire and why?

When making an ethical decision ask yourself this question. Would I do this in front of my mother? If you wouldn’t, don’t do it.

Group activity –Ethics under pressure –role playing  Groups of threes (Persuader, Decider, Observer)  Persuader – draws card reads it, role-plays the unethical situation with Decider  Decider role-plays an answer with Persuader while Observer watches  Observer provides positive feedback to the Persuader and Observer regarding the unethical situation/response.  Switch roles by rotating one seat to the left.

 Are business ethics the same as personal ethics?  YES they are the same, whether in the workplace or in your personal life.  Professional ethics guided by your personal ethics.  Group activity – Ethical dilemmas in business