Business Ethics

►Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business.✦ ►Business ethics is the study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. Law often guides business ethics, while other times business ethics provide a basic framework that businesses may choose to follow to gain public acceptance.✦ ►Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. It is relatively easy to identify unethical business practices. For example, companies should not use child labour. They should not engage in bribery.✦ ►However, it is not always easy to create similar hard-and-fast definitions of good ethical practice. A company must make a competitive return for its shareholders and treat its employees fairly. A company also has wider responsibilities. It should minimise any harm to the environment and work in ways that do not damage the communities in which it operates. This is known as corporate social responsibility.✦ 【Topics Covered in This App are Listed Below】 ⇢ What is 'Business Ethics? ⇢ How have business ethics evolved over time? ⇢ Code of Ethics ⇢ Business Ethics – Definition ⇢ Features of Business Ethics ⇢ Principles of Business Ethics ⇢ How do business ethics differ from industry to industry? ⇢ Example of Unethical Business Practices ⇢ Changing Business Landscape ⇢ The Digital World ⇢ Global Financial Crisis Legacy ⇢ Organizational Cultural Risk ⇢ The Limitations of Compliance ⇢ Business Ethics as the Basis of Business Strength ⇢ What is Morality? ⇢ Where Does Morality Come From? ⇢ The Meaning of Moral "Justification" ⇢ The Importance of Context ⇢ The Importance of Relationships ⇢ Moral Questions are not Distinct ⇢ Moral Decision Making ⇢ The Role of Discussion in Morality ⇢ Keeping Customers on Top ⇢ Customer Loyalty and Business Ethics ⇢ Ethical Customer Stakeholder Relationships ⇢ Consumer Protection and Legal Aspects ⇢ The Sarbanes–Oxley Act ⇢ Misidentification ⇢ Ethical Considerations ⇢ Establishing a Balanced Stakeholder Orientation ⇢ The Business Stakeholder Relationships ⇢ Ethical Issues in Marketing ⇢ Emerging Ethical Problems in Market Research ⇢ Grouping the Market Audience ⇢ Ethics in Advertising and Promotion ⇢ Delivery Channels ⇢ Deceptive Marketing Policies and Ethics ⇢ Anti-Competitive Practices ⇢ Pricing Ethics ⇢ Business Ethics - HRM ⇢ Ethics and Market System ⇢ HRM Ethics ⇢ Important Clusters of HRM related with Ethics ⇢ Business Ethics - Finance ⇢ An Ethical Framework ⇢ The Final Consideration ⇢ Business Ethics - Employees & Morals ⇢ Obligations to the Firm ⇢ Loyalty to the Company ⇢ Conflicts of Interest ⇢ Abuse of Official Position ⇢ Obligations to Third Parties ⇢ Whistleblowing ⇢ Self-Interest ⇢ Ethical Behaviour at the Workplace ⇢ Ethical Lapses and Organizational Culture ⇢ Basic Attributes of Ethical Workers ⇢ Core Values ⇢ Work Ethics & Workplace ⇢ What is Work Ethic? ⇢ Something Bigger Than the Self ⇢ Conducting Personal Business during Office Time ⇢ Taking Credit for Others' Work ⇢ Harassing Behavior ⇢ The Solutions to Workplace Dilemmas ⇢ Ethics, Economics, and Politics ⇢ Workplace-Safety Issues ⇢ Business Ethics - Cyber Age ⇢ Privacy Angle ⇢ Protection of Private Information ⇢ Private Data Collection ⇢ Property Issues ⇢ Intellectual Property Rights ⇢ Digital Rights Management (DRM) ⇢ Security Concerns ⇢ Responsibility of Accuracy ⇢ Accessibility, Censorship, and Filtering ⇢ Business Ethics - Workplace Violence