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310.2.1: Ethical Issues in Business

Ethical problems in business
Principles and standards that guide behavior in business.
Social responsibility
Ethical issues in marketing, advertising and accounting
Business ethics (define)
Principles and standards that guide behavior in business.
How was business ethics developed over time?
What is involved in developing an ethical culture in an organization?
Communicating core values to their employees and appointing ethics officer to oversee ethics programs which relates to the values, beliefs and patterns of conduct to respond to ethical issues.
Three benefits to business of a clear ethical framework?
Increased efficiency in daily operations, greater employee commitment, increased investor willingness to entrust funds, improved customer trust, better financial performance.
Various stakeholders roles in business ethics
Social responsibility (acceptable definition)
Relationships between stakeholder orientation and social responsibility
Role of corporate governance in establishing an ethical culture within an organization
Steps involved in implementing a stakeholder perspective in business ethics
Ethical issues in the context of organizational ethics
How do ethical issues relate to basic values of honesty, fairness and integrity?
part of each value
Identify unethical behaviors as business ethic issues.
Three challenges of determining an ethical issue in business.
Distinguish between voluntary and mandated boundaries of ethical behavior.
Key regulatory efforts to provide incentives for ethical behaviors.
Ethical standards and requirements established by the Sarbanes-Oxley Act.

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