MIDTERM: MA-BUS 101 Buss.Ethics, Risk Mgt....

A branch of applied ethics that deals with moral principles and values in the business environment.

• Advocacy against corruption

• Ethical dilemma

• Business ethics

• Business ethics and reducing corruption

Poses a serious threat to the integrity of businesses and societies, and taking a stand against it is essential for creating a fair and ethical business environment.

• Advocacy against corruption

• Ethical dilemma

• Corruption

• Reducing Corruption

Just like individuals, businesses are expected to behave ethically and contribute positively to society. This involves making decisions that go beyond just maximizing profits.

• Corporate Social Responsibility

• Stakeholders

• Core Values

• Morality in Business:
  

It's the idea that businesses have a responsibility to positively impact society beyond their financial success. This could involve environmental sustainability, philanthropy, or promoting social causes.

• Corporate Social Responsibility

• Ethical Decision-Making

• Morality in Business

• Compliance and Legal Considerations

This includes customers, employees, suppliers, the community, and shareholders.

• Core Values

• Stakeholders
  

• Morality in Business

• Corporate Social Responsibility

The foundation of ethical behavior in the business world.

• Morality in Business

• Core Values

• Ethical Decision-Making

• Compliance and Legal Considerations

This often requires weighing different options and considering the potential consequences on various stakeholders.

• Ethical Decision-Making

• Compliance and Legal Considerations

• Corporate Social Responsibility

• Core Values

Ethical behavior enhances a company's __________, fostering trust among customers and stakeholders.

• Legal Compliance

• Customer Loyalty

• Employee Satisfaction

• Reputation

Businesses with strong ethical practices tend to attract and retain talented employees who value a positive work environment.

• Reputation

• Employee Satisfaction

• Customer Loyalty

• Legal Compliance

Consumers are increasingly making choices based on a company's ethical practices, leading to increased ______________________.

• Reputation

• Employee Satisfaction

• Customer Loyalty

• Legal Compliance