Professional Documents
Culture Documents
2
Today's Environment for
Business Ethics and
Related Social Issues
Learning Goals
1
Business Ethics
The standards of conduct and moral values
governing actions and decisions in the work
environment.
Social responsibility
Balance between whats right and whats profitable
Often no clear-cut choices
Often shaped by the organizations ethical climate
Sarbanes-Oxley Act
A 2002 law that added oversight for the nations
major companies and a special oversight board
to regulate public accounting firms that audit
the financial records of these corporations.
Development of Individual
Ethics
Employees
Businesspeople
disclosure of
expect employees
illegal, immoral,
to be loyal and
or unethical
truthful, but
practices in the
ethical conflicts
Ethical Awareness
Code of Conduct:
Formal statement that
defines how the
organization expects and
requires employees to
resolve ethical
questions.
Ethical Education
Ethical Action
Helping employees
recognize and reason
through ethical problems
and turning them into
ethical actions.
Ethical Leadership
Executives must
demonstrate ethical
behavior in their actions.
Areas of Responsibility
Responsibilities to the
General Public
Green marketing
Sustainability
Responsibilities to Customers
CONSUMERISM
The Right to Be Safe. Safe operation of products,
avoiding product liability.
Responsibilities to Employees
Responsibilities to Investors