1. External Factors – outside of the control of the business
AS90844
Demonstrate understanding of how a large business responds to external factors
External Factors – outside of the control of the business

2. Ethical Influences on Business
All: Understand what is meant by business ethics
Most: Explain the pressures that businesses face to behave ethically
Some: Analyse how business actions may be viewed as ethical or unethical

3. Ethics
The way of doing things correctly – showing morally correct & appropriate business practices in the minds of its stakeholders
Do the right thing
Difficult – subjective
Ethical codes come from underlying opinions and principles of society

4. Ethics and CSR Ethics is the external pressure on business
CSR is a response by businesses to act ‘ethically’

5. Examples of Ethical / Unethical Practices
A NZ business does business with suppliers that knowingly use child labour
A pharmaceutical company prices a cure for a tropical disease in a poor country at a level unobtainable for the local population.
A tobacco company chooses not to advertise at sporting events where young people will be present