Presentation on theme: "Chapter Three. Ethics – the research of what constitutes appropriate or wrong behavior Business principles – what constitutes what is ideal or wrong actions in the."— Presentation transcript:
You are watching: Ethics is the study of what constitutes right and wrong behavior.
1 Chapter Three
2 Ethics – the examine of what constitutes appropriate or wrong habits Firm ethics – what constitutes what is appropriate or wrong behavior in the organization people and on how moral and honest principles are applied by service persons to instances that arise in the worklocation. –Ethics is necessary to the long-run vicapacity of a corporation/company
3 Stakeholders of a company include: stockholders, employees, owners, suppliers and also community Fiduciary duty – a duty of trust and also loyalty between partners to each other and also their firm, agents & clients, etc.
4 Setting the Tone Attitude of height monitoring –Adhering to ethical norms –Looking the various other means –Setting realistic purposes –Periodic evaluations
5 Ethics is a optimal priority Employees can be meacertain in regard to ethical performance Clear interaction to employees Seminars Code of conduct Training routine
6 Sarbanes-Oxley Act of 2002 – requires providers to erected confidential reporting systems so employees might report suspected illegal or unmoral auditing and also accountancy practices.
7 Corporate administration – internal procedures establishing rights and responsibilities of a corporations administration, board of directors, shareholders and also stakeholders –Information/transparency Ethic programs need to be monitored by a committee separate from each department – creates unbiased surveillance –Enron, Merck, WorldCom, Exxon Valdez
8 Moral minimum – legal compliance – most service providers go beyond the moral minimum –Ignorance is not an excusage – the majority of corporations have attorneys constantly maintaining updated via transforms in laws that impact their industry
9 Ethical Reasoning Duty based principles –Religious requirements – thou shall not steal –Kantian – philosophical thinking – people have to evaluate their actions in light if the results if everyone did the action (likewise dubbed categorical imperative) (the finish doesn’t justify the means) –Principle of Rights – everyone has certain supposed rights and also decisions have to be based on that
10 Outcome Based Ethics: Utilitarianism (a.k.a.
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Consequentialism) Using price benefit evaluation – select the option that will certainly benefit the a lot of civilization Pros vs. Cons
11 Fopower Corrupt Practices Act of 1977 – prohibits UNITED STATE businesspersons from bribing foreign officials to secure useful contacts unmuch less it is lawful in that nation –Also, companies need to keep comprehensive and accurate financial activities (greasing to minor officials not included…accelerating a license approval) Organization of Economic Coprocedure and Advancement (1997) – produced a treaty that made bribery of a international main a major crime…by 2006, 35 nations had embraced it