DSST Business Ethics and Society 2

It was not ratified by the required number of states

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It was not ratified by the required number of states, needed ¾ of the states (38) only received 35 89) Avoiding Conflict of Interest – to avoid letting personal interests conflict with business interests a) Main principle of business ethics b) Other principals include: b.i) Honoring confidentiality, b.ii) acting in good faith, b.iii) satisfying the expectations of your position, b.iv) respecting the rights of others, and b.v) Avoiding Conflict of interest (b.v.1) Example: hiring a friend who is not the most qualified candidate 90) Honoring Confidentiality – not disclosing secret information or not disclosing client’s confidential information a) A client must be able to trust his lawyer b) A company must trust employees not to give away secrets 91) Whistle -blowers – individuals that report unethical practices by their employers to authorities inside and outside the organization a) Typically these employees act out of loyalty to their organization, but are perceived by management as troublemakers b) Famous whistle blower involved Karen Silkwood and the Kerr-McGee plutonium company b.i) Karen Silkwood was killed in November 1974, on her way to meet a New York Times reporter, she had information concerning plutonium fuel rod tampering at the Kerr-McGee uranium and plutonium plants in Cimarron, Oklahoma c) Whistle-blower laws protect people who report illegal conduct by a co-worker, employer, or other person c.i) Designed to protect from any retaliation or discrimination as a result of whistle blowing 92) Labor Relations Process – employee’s union and management decide on mutual terms and conditions of employment a) Labor relations process elements can be found in many types of industries, a.i) Single manufacturing facilities, multiple facilities, multiple facilities run by the one company, as well as entire industries can all apply common elements of the labor relations process to their labor relations activities a.ii) In order for investigations into labor relations a focal point is necessary 93) Industrial Relations Systems – the negotiation of work rules between management and union officials became a focal point a) Work rules are rules in order to maintain fairness for both the employer and the employee b) Two categories of work rules b.i) Rights b.ii) and obligations c) Both categories of work rules cover compensation, rights and obligations 94) Sexual Preference has no relationship to job performance, management potential or other desirable job characteristics a) No concern of organization as long as they do not impact performance or well-being of others b) HIV and AIDS – fear and prejudice against them, so supervisors have the responsibility for protecting the confidentiality of medical records 95) Halo Effect – physically attractive people are perceived as having more positive characteristics, such as kindness, sociability, honesty etc.
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