10.5.10 - 10.5.10 Demanding Ethical and Socially...

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10.5.10 Demanding Ethical and Socially Responsible Behavior - Ethical dilemma - - Ethics is More than Legality Ethical Standards are Fundamental Ethics – standards of moral behavior => behavior accepted by society as right versus wrong Ethics Begins with Each of Us Is my proposed action legal? Is it balanced? How will it make me feel about myself? How would your family feel? - Managing Businesses Ethically and Responsibly Setting Corporate Ethical Standards Compliance-based ethics codes – ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers Integrity-based ethics codes - ethical standards that define the organizations guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees Whistleblowers – insiders who report illegal or unethical behaviors - Corporate Social Responsibility (CSR) Business’s concern for the welfare of society
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This note was uploaded on 11/21/2010 for the course BUSINESS 101 taught by Professor Monastersky during the Fall '10 term at Bergen Community College.

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10.5.10 - 10.5.10 Demanding Ethical and Socially...

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