BUS-A 200 Chapter Notes - Chapter 3: Corporate Social Responsibility, Insider Trading, Check Kiting
Document Summary
Ethics - individual standards or moral values regarding what is rights and wrong or good and bad. Business ethics - ethical or unethical behaviors by a manager or employee of an organization. Managerial ethics - standards of behavior that guide individual managers in their work conflict of interest - occurs when an activity benefits the employee at the expense of the employer. How to assess ethical behavior - 3 step: 1. Determine the most appropriate moral values 3. make an ethical judgment based on the rightness or wrongness of the activity or policy. Organizational stakeholders - groups, individuals and organizations that are directly affected by the practices of the organization and therefore have a stake in its performance examples of organizational stake holders - employees, customers, investors, suppliers, local.
