Business Ethics

Business Ethics

What is Business Ethics?

Business ethics: moral principles that govern a business' behaviors, activities, processes, etc.

• Maintains honesty, transparency, fairness, in the workplace

• Provides a code of conduct

Open Ended

Why do you think it's important for businesses to have a code of conduct?

Ethical Standards are important because...

• Holds employees accountable

• A more welcoming workplace

• Better customer service

• Happier clients

• Creates transparency & trustworthiness

• Monitoring & reporting unethical behavior

Unethical & Illegal Business Practices:

• False product claims (lying)

• Hidden terms in user agreements

• Poor working conditions

• sexual harassment

• bribery

• defamation

Unethical Business Practices:

• False advertisements

• Selling customer data

• Complex investment strategies

Open Ended

Do you think most businesses act ethically? Why or why not?

Consequences:

• Fines

• Company Closings

• Less employee applications

• Loss of customers and income