FBLA business ethics

What are business ethics guided by?

• Consistently cuts corners and makes excuses for not completing work up to standards the business requires

• Mostly by law, other times provide a basic framework that businesses may choose to follow in order to gain public approval

• Fair dealings with customers and venders including competitive pricing timely payments and the highest quality standards in the manufacture of its products

How do we prevent unethical behavior?

• By listening to feedback and assessing needs

• Set realistic goals for employees

• By paying on time and utilizing fair buying prices

• Poor planing and faults elsewhere in the business

What happens if employees are expected to meet unreachable goals?

• By paying time and utilizing fair buying prices

• By valuing opinions and treating each employee as an equal

• Sometimes slack in their performance and take credit for completing tasks that were left in completed

• They could engage in unethical behavior to reach those goals

How does an ethical business demonstrate respect to its customers?

• By being environmentally responsible showing concern and giving back as it sees fit

• By listening to feedback and assessing needs

• By paying on time and utilizing fair buying practices

• By valuing opinions and treating each employee as an equal

A lack of ethics has a negative effect in employee performance.In some cases, employees are so concerned with getting ahead and making money that they ignore procedures and protocol

• Employee relations

• Business ethics

• Employee performance

• Company credibility

Actions for which a person or group of people can be held responsible for,either rewarded or liable for?

• Employee relations

• Company credibility

• Social responsibility

• Laws and regulations at the local, state, and federal levels. It treats its employees fairly, communicating with them honestly and openly

How does an ethical demonstrate respect to its employees?

• By valuing opinions and treating each employee as an equal

• By paying on time and utilizing fair buying practices

• By listening to feedback and assessing needs

• By being environmentally responsible, showing concern and giving back as it sees fit

How does an ethical business demonstrate respect to its vendors?

• By paying on time and utilizing fair buying practices

• By listening to feedback and assessing needs

• By valuing opinions and treating each employee as an equal

• By being environmentally responsible, showing concern and giving back as it sees fit

Solid relationships that are equally beneficial and both party’s reap the benefits. An ethical business stays loyal to it’s partnership even in challenging times.

• Loyalty

• Integrity

• Employee performance

• Employee relations

What happens to untrained employees

• Consistently

• Consistently cuts corners and makes excuses for not completing work up to the standards the business requires

• They could engage in unethical behavior to reach those goals

• Sometimes slack in their performance and take credit for completing tasks that were left in-completed