Business Ethics & Morality

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2. The standards that an individual or a group has about what is right and wrong, or good and evil.

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3. Morals ???

3.1. Moral Standards: Norms about the kinds of actions that are morally right and wrong, as well as the values placed on what is morally good or bad.

3.2. Non-Moral Standards: The standards by which we judge what is good or bad and right or wrong in a non-moral way.

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6. moral standards as they apply to business institutions, organizations, and behavior.

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7. INFLUENCED BY:

7.1. Profession/Organization

7.2. Culture/ Beliefs/ Background

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12. Are Corporations Ethically Responsible?

12.1. Only humans have moral or ethical attributes????

12.2. Corporations act as humans and act intentionally or independently, so they ought to be responsible????

12.3. Corporations have ethical qualities only in a derivative sense???

13. Business Ethics ???

13.1. Arguments FOR & AGAINST

13.2. Ethics applies to all human activities. •Business cannot survive without ethics. •Ethics is consistent with profit seeking. •Customers, employees, and people in general care about ethics. •Studies suggest ethics does not detract from profits and seems to contribute to profits.

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13.4. In a free market economy, the pursuit of profit will ensure maximum social benefit so business ethics is not needed. •A manager’s most important obligation is loyalty to the company regardless of ethics. •So long as companies obey the law they will do all that ethics requires.

14. Types of Ethical Issues

14.1. Systemic—ethical questions about the social, political, legal, or economic systems within which companies operate.

14.2. Corporate—ethical questions about a particular corporation and its policies, culture, climate, impact, or actions.

14.3. Individual—ethical questions about a particular individual’s decisions, behavior, or character.