ethics
Management
(noun)
The study of principles relating to right and wrong conduct.
Marketing
(noun)
The moral principles that guide decision making and strategy.
(noun)
The set of moral principles or values that guide behavior.
Business
Examples of ethics in the following topics:
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Defining Ethics
- Ethics are the set of moral principles that guide a person's behavior.
- Ethics are the set of moral principles that guide a person's behavior.
- The phrases business ethics and corporate ethics are often used to describe the application of ethical values to business activities.
- Ethics applies to all aspects of conduct and is relevant to the actions of individuals, groups, and organizations.
- In addition to individual ethics and corporate ethics there are professional ethics.
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Training Ethical Decision Making
- Organizations use compliance and ethics programs to demonstrate and reinforce their commitment to ethical practices.
- On a more practical level, a compliance and ethics program supports the organization's business objectives, identifies the boundaries of legal and ethical behavior, and establishes a system to alert management when the organization is getting close to (or crossing) a legal or ethical boundary.
- Most ethics training focuses on clarifying and communicating an organization's ethical code so employees understand what is expected.
- Some ethics training will also cover the resources available to help employees when they face an ethical dilemma or suspect that someone in the organization has made an ethical breach.
- In every type of business, ethics are needed to keep business standards high.
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Moral Principles in Management
- Business ethics deals with the beliefs and principles that guide management decisions.
- Business ethics (also corporate or professional ethics) is a form of applied ethics that examines the principles and moral beliefs that guide management decisions.
- This person ensures their organization has statements of ethical principals, clear guideline about acceptable and unacceptable practices, and means of reporting ethical breaches.
- Availability for advice on ethical situations (i.e., advice lines or offices)
- Good leaders strive to create a better and more ethical organization.
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A Brief Definition of Business Ethics
- Business ethics is the written and unwritten principles and values that govern decisions and actions within companies.
- Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior.
- Theoretical ethics, sometimes called normative ethics, is about delineating right from wrong.
- Business ethics, also called corporate ethics, is a form of applied ethics or professional ethics that examines the ethical and moral principles and problems that arise in a business environment.
- In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right.
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Corporate Policies
- Companies often have corporate ethics statements or codes that identify ethical expectations and offer guidance.
- Due to the increase in comprehensive compliance and ethics programs, many companies have formulated internal policies pertaining to the ethical conduct of employees.
- It is hoped that having such a policy will lead to greater ethical awareness, consistency in application, and the avoidance of ethical disasters.
- For instance, the US Department of Commerce ethics program treats business ethics as a set of instructions and procedures to be followed by 'ethics officers'.
- Some others claim being ethical just for the sake of it.
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The Importance of Studying Ethics
- When you think of ethics, what comes to mind?
- Perhaps you think of words and phrases like ethical behavior, professional ethics, ethics boards, or code of ethics.
- Why would you need to even consider ethics in public speaking?
- There are other reasons to engage in ethical behavior in public speaking:
- To speak ethically is to use your own original speech content.
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Managers Role in Ethical Conduct
- Managers are responsible for upholding the ethical code and helping others to do so as well.
- Lastly, managers make themselves available as a resource to counsel and assist employees who face ethical dilemmas or who suspect an ethical breach.
- Of course, managers are responsible for upholding ethical standards in their own actions and decisions.
- In addition to following the organization's ethical code, managers may be obligated to follow a separate professional code of ethics, depending on their role, responsibilities, and training.
- The manager has an important role in maintaining ethical conduct in a firm, but a firm's ethics cannot simply be based on a "manager to the rescue" approach.
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Business Ethics in B2B
- Ethics refers to the moral principles that guide decision-making and strategy.
- Businesses that adopt an ethical stance gain from numerous advantages, including:
- Marketing ethics is the area of applied ethics that deals with the moral principles behind the operation and regulation of marketing.
- When companies create high ethical standards upon which to approach marketing they are participating in ethical marketing.
- List the pitfalls B2B companies face when ignoring ethics in market research and target marketing, and the advantages to incorporating ethics
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What is ethics?
- Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior.
- Theoretical Ethics, sometimes called Normative Ethics, is about discovering and delineating right from wrong; it is the consideration of how we develop the rules and principles (norms) by which to judge and guide meaningful decisionmaking.
- Business ethics is not chiefly theoretical in character.
- It is best understood as a branch of ethics called applied ethics: the discipline of applying value to human behavior, relationships and constructs, and the resulting meaning.
- Here are four ethical approaches that have stood the test of time.
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Codes of Conduct
- As part of comprehensive compliance and ethics programs, many companies formulate policies pertaining to the ethical conduct of employees.
- There are three types of ethical codes: codes of business ethics, codes of conduct for employees, and codes of professional practice.
- A code of business ethics often focuses on social issues.
- The effectiveness of such codes of ethics depends on the extent to which management supports and enforces them.
- State the importance of utilizing a code of conduct to outline and maintain ethical business standards within an organization