logo image

Chapter 3: Emerging Business Ethics Issues

Ethical Issue
A problem, situation, or opportunity that requires an individual or group to choose among actions. Failure to recognize an ethical issue puts corporations at risk.
Truthfulness or trustworthiness.
Issues related to honesty arise when people perceive business as something where normal rules do not apply.
The quality of being just, equitable, and impartial.
How wealth or income is distributed
Occurs when an action that has an effect upon another is returned
The tradeoff between equity and efficiency
Uncompromising adherence to ethical values.
Ethical Dilemma
Problem, situation, or opportunity that requires an individual or group to choose among several wrong or unethical actions.
There is NO ethical choice.
Misuse of Company Resources
Leading form of observed misconduct
Time theft, unauthorized use of equipment, embezzlement, etc
Abusive or Intimidating Behavior
Common ethical problem
Intent is important in determining abuse
Bullying: associated with a hostile workplace
Lying (Three Types)
Joking without malice
Commission lying
Omission lying
Commission Lying
Creating a false perception with words that deceive the receiver.
Creating noise.
Omission lying
Intentionally not informing channel members of problems relating to a product that affects awareness, intention, or behavior
Conflicts of Interest
When an individual must choose whether to advance his/her personal interests, those of the organization, or some other group.

Individuals must separate personal interests from business dealings

The practice of offering something in order to gain an illicit advantage
Active bribery
The person who promises or gives the bribe commits the offense
Passive bribery
An offense committed by the official who receives the bribe
Facilitation payments
Legal as long as they are small
Corporate Intelligence
The collection and analysis of information on markets, technologies, customers, trends, etc
Three Intelligence Models
Passive monitoring system for early warning
Tactical Field Support
Support dedicated to top management strategy
Illegal in the US
Anti-Discriminatory Laws
EEOC (Equal employment opportunity commission)
Age Discrimination in Employment Act
Affirmative Action Programs
Sexual Harassment
A repeated, unwanted behavior of a sexual nature perpetrated upon an individual by another.
Dual Relationship
Personal, loving, and/or sexual relationship with someone whom you share professional responsibilities
Unethical duel relationship
The relationship causes a conflict of interest or impairment of professional judgement
Environmental Issues
Significant concern in business
Air pollution (Kyoto Protocol)
Water pollution
Alternative Energy
Any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression
Accounting Fraud
Misrepresentation of company’s financial reports, mostly due to increased competition and pressures to perform
Marketing Fraud
The process of dishonestly creating, distributing, promoting, and pricing products
Exaggerated Advertising claims
Difficult to distinguish from fraud
Implied falsity
An advertising message that misleads, confuses, or deceives the public
Literally false
Claims can be divided into non-establishment claims
Consumer Fraud
When consumers attempt to deceive business for personal gain
Ie price tag/item switching, lying to obtain discounts
An employee who helps a consumer commit fraud
A Consumer duping a store
A person who uses tricks to obtain an unfair advantage
Financial misconduct
The failure to understand and manage ethical risks
Key problem in the recent financial markets
Govt regulation: Dodd-Frank Wall Street Reform and Consumer Protection Act
Insider Training (2 Types)
Legal insider trading
Illegal insider trading
Legal insider trading
Involves legally buying and selling stock in an insider’s own company, but not all the time.
Illegal insider trading
The buying/selling of stocks by insiders who possess material that is not public.
Intellectual property rights and privacy
Difficult to enforce
Identity theft is a growing problem
Challenge of Determining Ethical Issues in Business
Most issues become visible through stakeholder concerns.

Need essay sample on "Chapter 3: Emerging Business Ethics Issues"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy