Chapter_4_Outline - management fall 2019.docx - Ansley Reed Chapter 4 Outline 1 Business Ethics – define – principles values and codes of conduct

Chapter_4_Outline - management fall 2019.docx - Ansley Reed...

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Ansley Reed Chapter 4 Outline 1. Business Ethics – define – principles, values, and codes of conduct that define acceptable behavior in business Importance of ethics in business – It helps foster trust among individuals and in business relations. 2. Ethical issues in management – an identifiable problem, situation, or opportunity that requires a person or organization to choose among several actions that may be evaluated as ethical or unethical. Organizational Relations – relationship with subordinates, coworkers, and superiors may result in ethical issues such as maintaining confidentiality in personal relationships Operations – Many opportunities for unethical activity exist in the area of operations and communications. Sexual harassment is one of the major ethical issues in a workplace. Employee Relations – this is the field where most of the ethical issues happen. Ethical issues related to discrimination and prejudice have a big affect on businesses on many levels. 3. Ethical Decision Making – teams and work groups, not individuals, often make the ethical decisions within the organization.
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