Chapter 4 Presentation 1
- 1. CHAPTER 4 Ethics and Social Responsibility
- 2. DATE: Objective How do business ethics and business culture play a role in our businesses Bellringer Please pre-read section 4.1
- 3. ETHICS AND CULTURE Ethics A set of moral principles that govern decisions and actions. Universal Values Values society. that are shared by all cultures throughout They promote the conditions needed for individuals to survive, enjoy life, and get along with others. Basics are: Food, water, shelter, and physical safety Actions are: obeying the law, caring for the young and old.
- 4. ETHICS AND CULTURE Business Ethics Moral principles applied to business issues and actions. Many wonder if business ethics even exist at all. Why practice business ethics: The basic reason, although simple, is because it’s the right thing to do.
- 5. WHY PRACTICE BUSINESS ETHICS There are three main reasons that a business should practice business ethics: Customers are more confident when buying goods and services from an ethical company. An ethical workplace motivates employees Ethical behavior also prevents legal issues and problems. Can cause business to fail and ruin your career in the process.
- 6. HOW TO ESTABLISH AN ETHICAL WORKPLACE 1. Creating Transparency An openness and accountability in business decisions and actions. Allows people to see what a company is doing, and why, is a strong deterrent to unethical behavior. 2. Utilizing Communication to aid Transparency Companies have traditionally communicated through memos Now they are trending to social media (an interactive electronic form of communication. Blogs, Message Boards
- 7. HOW TO ESTABLISH AN ETHICAL WORKPLACE 1. Creating Transparency An openness and accountability in business decisions and actions. Allows people to see what a company is doing, and why, is a strong deterrent to unethical behavior. 2. Utilizing Communication to aid Transparency Companies have traditionally communicated through memos Now they are trending to social media (an interactive electronic form of communication. Blogs, Message Boards