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OverviewUnit 1: Introduction to Ethics in BusinessTopics:Underlying Ethical ConsiderationsRelationship of Laws to EthicsInteraction between Business and EthicsLearning Objectives:By the end of this Unit, you will be able to:1.Discuss basic concepts of ethical dilemmas.2.Identify conflicts of interest in the business environment.3.Analyze the relationship between the rule of law and ethical goals.4.Examine several areas where ethics and business interact.Tasks:Post an introduction in the Course ForumRead through the Course SyllabusRead the Learning Guide and Reading AssignmentsParticipate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)Complete and submit the Written AssignmentRespond to the Portfolio ActivityIntroduction
Welcome to Business Ethics. This unit provides an introduction to ethics in general and as it relates to the business world. You will be introduced to some of the fundamental concepts of ethics, such as conflicts of interest and the rule of law, particularly as it relates to creating an environment in which business operates effectively and efficiently. By the end of this unit, you will understand how a thorough knowledge of ethics is crucial to becoming a successful businessperson.Daily news headlines highlight ethical scandals and dilemmas in business. Globalization and technological advances have increased thecomplexity and importance of ethical considerations in business environments. An understanding of business ethics has thus become acrucial requirement for organizational leaders and entrepreneurs.This course is designed to help students improve their abilities by providing a framework to identify, analyze, and resolve ethical issues inbusiness contexts. Business strategies are shaped by individual, business, and social responsibilities as they affect decision making. Conflicts between organizational goals and personal values, long versus short term goals, relationships with various stakeholders, corporate governance, and legal parameters all contribute to the ethical culture of a firm. Thus, the specific facts or laws of what we