BUSI 1001 Lecture Notes - Lecture 3: Egotism, Triple Bottom Line, Public Health
7 Feb 2017
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Document Summary
Ethics- derived from the greek ethikos and ethos, which relate to the prevalent sentiment or character of the people or community. Business ethics- standards of conduct and moral values regarding right and wrong actions in the business environment. Ethics often represents a standard that exceeds the legal minimum (research proves that society"s expectations of business ethics have gone higher than it used to be. ) National culture and other societal organizations (e. g. , religion, Bribery index by country looks at specific types of ethics as well. Helping employees recognize and reason through ethical problems and turning them into ethical actions. Providing the tools to help employees identify and assess situations. Executive must demonstrate ethical behavior in their actions. Moral social responsibility: you are being required to produce better requirements in the society. Corporate social responsibility: organizations and a manager"s duty or obligation made Right to be heard: ability of customers to express legitimate complaints to the appropriate parties.
