Chapter 4 - Chapter 4 Ethics & Business Decision Making...

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Chapter 4 Ethics & Chapter 4 Ethics & Business Decision Making Business Decision Making 9/25/07 9/25/07
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What is “Ethics” ??? What is “Ethics” ??? Ethics = is the study of what constitutes right and wrong behavior. It focuses on morality. It asks . . What is fair and just ?
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What is business ethics What is business ethics Business ethics focuses on what is right or wrong in the business world. Making daily business decision and its not too different than ethics in generally.
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? ? Can ethics be taught or is it genetic ??
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Who knows ? Who knows ? Some argue we all have a moral compass. Others say we can learn ethics…. Real issues are how we act. .
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Setting the right ethical tone. Setting the right ethical tone. Ethics begins at the top. Top Management must buy into program. And not look the other way… see In re Exxon Valdez case. (page 87) Periodic reviews helpful.
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Code of Ethical Conduct Code of Ethical Conduct Well written code of conduct
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Chapter 4 - Chapter 4 Ethics & Business Decision Making...

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