BUS 346 Chapter Notes - Chapter 4: Second Cup, Rainforest Alliance, Corporate Social Responsibility

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 346
• Professor: Ebru Ipek

Document Summary

What is ethics? (ethical behaviour, ethical dilemmas, and codes of ethics) How international business managers apply ethical considerations to their decision making processes. Corporate social responsibility (csr), sustainability and sustainable practices in ib. Ethics = the moral obligation to separate right from wrong or set of moral principles. Ethical behavior = personal behaviour in accordance with guidelines for good conduct or morality. Ethical dilemmas are situations where moral imperatives are in conflict; there is no right or wrong decision: the best advice for companies wanting to reduce ethical dilemmas is to start by selecting and hiring ethical employees. Companies should also establish codes of ethics, train their employees to make ethical decisions, and create an ethical climate. Code of ethics = set of guidelines by an organization to help their employees behave in accordance with the organization"s values and ethical standards: some guidelines and questions to help resolve an ethical dilemma.