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Lesson 05 - Business Ethics II

AB
guidelines to determine if something is ethicalis it legal, is it balanced, and how does it make you feel
A business lunch be a setting for thisbusiness gossip
A lot of business takes place over lunch, because it is a more personal setting and helps build theserelationships
A right vs. right situationethical dilemma
The two resolution principles to choose from when evaluating ethic principlesends based vs. rules based
When addressing an ethical dilemma start by identifyingthe problem, stakeholders and alternatives
Benefits of this are that problems are seen more clearly and better decisions are madebusiness ethics
Brings with it a unique set of opportunities and challengesa global market
A right vs. wrong situationmoral temptation
Put forth the Ends Based resolutionJohn Stuart Mill
Put forth the Rules Based resolutionImmanuel Kant
Ethical dilemmas businesses face in the 21st centurygenetic engineering, animal rights and Internet privacy
Games played in a workplace environment to achieve status, advancement and moneyworkplace politics
Defining the problem, listing all possible alternatives and the consequences, selecting the best choice, acting on your decision and, evaluating your decision.steps of the ethical decision-making process
privacy and confidentiality breaches, use of company property for personal use and ownership disputes about electronic informationethical issues raised due to technological advances in the workplace
Workplace harassment; discrimination; unfair treatment of staff; personal use of company property; confidentiality breaches; inaccurate maintenance of recorunethical behavior occurring in the workplace
Government regulation created to protect employees from unethical business practicesThe Fair Labor Standards Act of 1



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