BUS 201 Chapter Notes - Chapter 3: Corporate Social Responsibility, Business Ethics, Consumerism

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 201
• Professor: Peter Tingling

Document Summary

Lo 1 explain how indivs dvlp their personal codes of ethics and why ethics are important in the workplace. Ethics = indiv standards or moral values on what is right/wrong or good/bad. Business ethics = ethical/unethical behaviours by a manger or employee of an org. Practices that are legal in one country may not be legal in another complications. Ethics both personally & culturally defined, indivs can rationalize almost any behaviour as ethical. Managerial ethics = standards of behaviour that guide indiv managers at work. Behaviour toward employees: hiring/firing, wages/working conditions, privacy. Behaviour toward org: conflict of interest (activity benefits employee at expense of employer) Behaviour toward other econ agents: bribes, ultimatums. How to determine whether ethical: 1) gather relevant factual info. 2) determine most appropriate moral values: make ethical judgment based on right/wrong of proposed activity/policy. Pressure: employee has problem cannot be solved thru legitimate means. Opportunity: employee uses position in org to secretly solve problem.