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1、1Ethical Issues in Business4Ethical Issues in Business The Meaning of Ethics Why should business be ethical Business Ethics across Organizational Functions Why Ethical Problems Occur in BusinessEthics, Law, and Illegal Corporate BehaviorThe meaning of ethicsEthicsA conception of right and wrong cond
2、uct. It tells us whether our behavior is moral or immoral with fundamental human relationships.Ethical Principles and Ethical relativismGuides to moral behavior. But defined by various period of time in history.Business EthicsThe application of general ethical ideas to business behavior.Why should b
3、usiness be ethical? To meet demands of business stakeholders. To enhance business performance. To comply with legal requirements. To prevent or minimize harm. To promote personal morality.business ethics across organizational functions?Accounting EthicsFinancial EthicsMarketing EthicsInformation tec
4、hnology EthicsWhy ethical problems occur in businessPersonal gain and selfish interestSelfish interest versus others interestsEgotistical mentality“I want it!”Competitive pressures on profitsFirms interest versus others interestsBottom-line mentality“We have to beat the others at all costs!”Cross-cu
5、ltural contradictionsCompanys interests versus diverse cultural traditions and valuesEthnocentric mentality“Foreigners have a funny notion of whats right and wrong.”ReasonNature of Ethical ProblemTypical ApproachAttitudeBusiness goals versus personal valuesBosss interests versus ubordinates valuesAuthoritarian mentality“Do as I say, or else!”Ethics and the LawLaw often represents an ethical minimumEthics often represents a standard that exceeds the legal minimumEthicsLawFrequent OverlapSelected Key TermsEthicsBusiness ethicsEthical PrinciplesEthical relativism Accou
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