BUS 200 Lecture Notes - Business Ethics, Code Of Law, Strategic Planning

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Influences on ethical behavior: personal code of ethics, family, peer group, experiences. Importance of ethics in business: ethics influence and contribute to, employee commitment, investor and customer trust and loyalty, ability to build relationships with stakeholders, firm reputation, performance, revenue, and profit. Ethics in workplace: ethical norms, utility, does act represent what"s best for those (all) who are affected by it, rights, does it respect rights of individuals involved, justice. Is it consistent with what we regard as fair: caring. Core principles & organizational values: strategies and practices revised frequently, organizational objectives changed infrequently, core principles & organizational values unchanging. Ethics in workplace: how can high ethical standards be maintained, ethics training, ethical role models, whistleblowers. Increase public confidence in firm: help stem tide of government regulation. Improve internal operations by providing consistent standards of ethical and legal conduct: help managers respond to problems as result of unethical or illegal behavior.

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