Ethics Business Ethics

1
Ethics Business Ethics

• Unit Essential Question How does ethical
  behavior affect my business decisions?

• EQ How does a business monitor itself to ensure
  ethical employee behavior and business practice?

2
Why is this important?

• Rights of
• Consumer
• Employee
• Citizens

3
So what is ethics?

• Ethics
• Moral principles
• personally
• socially
• professionally
• Moral choices and values
• Right or Wrong?
• Golden Rule

4
Ethics in Business

• Business ethics is a set of laws about how a
  business should conduct itself.
• Legally and Humanely
• Law, Human Rights

5
Ethics in Business

• Self Policing
• Code of ethics
• How to act, dress
• Customer Service
• Strict guidelines
• Employee behavior
• Environmental safety

6
Be Ethical because

• Ethical no fines or loss of licenses
• Ethical respect from employees and customers

7
Important Ethical Questions

• Is it against the law?
• Does it violate work or professional policies?
• What if everyone did this?
• How would I feel if someone did this to me?
• Am I sacrificing long-term benefits for
  short-term goals?

8
Social Responsibility

• Social responsibility is the duty to do what is
  best for the good of society.
• Not all about profit, if so
• conflict of interest profits before social
  welfare

9
Responsibility to Customers

• Customers are a businesses first responsibility
• Agencies protect consumers
• Federal Trade Commission
• Reebok Tennis Shoes
• Internet Crime Complaint Center
• FBI
• Identity Theft

10
Legal Considerations

• Laws affect
• Employees
• Customers
• Suppliers

• Payroll/Withholding
• Wage/Hour
• ADA
• Harassment
• Hiring
• Taxation
• OSHA