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CHAPTER 4
Ethics and Social Responsibility
DATE:
Objective


How do business
ethics and business
culture play a role in
our businesses

Bellringer


Please pre-read
section 4.1
ETHICS AND CULTURE


Ethics
A

set of moral principles that govern decisions and
actions.



Universal Values
 Values

society.

that are shared by all cultures throughout

They promote the conditions needed for individuals to
survive, enjoy life, and get along with others.
 Basics are: Food, water, shelter, and physical safety
 Actions are: obeying the law, caring for the young and old.

ETHICS AND CULTURE


Business Ethics
 Moral

principles applied to business issues and
actions.




Many wonder if business ethics even exist at all.

Why practice business ethics:
 The

basic reason, although simple, is because it’s the
right thing to do.
WHY PRACTICE BUSINESS ETHICS


There are three main reasons that a business
should practice business ethics:
 Customers

are more confident when buying goods
and services from an ethical company.
 An ethical workplace motivates employees
 Ethical behavior also prevents legal issues and
problems.


Can cause business to fail and ruin your career in the
process.
HOW TO ESTABLISH AN ETHICAL
WORKPLACE


1. Creating Transparency
 An

openness and accountability in business decisions
and actions.
 Allows people to see what a company is doing, and
why, is a strong deterrent to unethical behavior.


2. Utilizing Communication to aid Transparency
 Companies

have traditionally communicated through

memos
 Now they are trending to social media (an interactive
electronic form of communication.


Blogs, Message Boards
HOW TO ESTABLISH AN ETHICAL
WORKPLACE


1. Creating Transparency
 An

openness and accountability in business decisions
and actions.
 Allows people to see what a company is doing, and
why, is a strong deterrent to unethical behavior.


2. Utilizing Communication to aid Transparency
 Companies

have traditionally communicated through

memos
 Now they are trending to social media (an interactive
electronic form of communication.


Blogs, Message Boards

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Chapter 4 Presentation 1

  • 1. CHAPTER 4 Ethics and Social Responsibility
  • 2. DATE: Objective  How do business ethics and business culture play a role in our businesses Bellringer  Please pre-read section 4.1
  • 3. ETHICS AND CULTURE  Ethics A set of moral principles that govern decisions and actions.  Universal Values  Values society. that are shared by all cultures throughout They promote the conditions needed for individuals to survive, enjoy life, and get along with others.  Basics are: Food, water, shelter, and physical safety  Actions are: obeying the law, caring for the young and old. 
  • 4. ETHICS AND CULTURE  Business Ethics  Moral principles applied to business issues and actions.   Many wonder if business ethics even exist at all. Why practice business ethics:  The basic reason, although simple, is because it’s the right thing to do.
  • 5. WHY PRACTICE BUSINESS ETHICS  There are three main reasons that a business should practice business ethics:  Customers are more confident when buying goods and services from an ethical company.  An ethical workplace motivates employees  Ethical behavior also prevents legal issues and problems.  Can cause business to fail and ruin your career in the process.
  • 6. HOW TO ESTABLISH AN ETHICAL WORKPLACE  1. Creating Transparency  An openness and accountability in business decisions and actions.  Allows people to see what a company is doing, and why, is a strong deterrent to unethical behavior.  2. Utilizing Communication to aid Transparency  Companies have traditionally communicated through memos  Now they are trending to social media (an interactive electronic form of communication.  Blogs, Message Boards
  • 7. HOW TO ESTABLISH AN ETHICAL WORKPLACE  1. Creating Transparency  An openness and accountability in business decisions and actions.  Allows people to see what a company is doing, and why, is a strong deterrent to unethical behavior.  2. Utilizing Communication to aid Transparency  Companies have traditionally communicated through memos  Now they are trending to social media (an interactive electronic form of communication.  Blogs, Message Boards