Ethics in the Business System
Chapter 7 Correct Craft
Two Theories of Business Ethics
• Theory of Amorality • Theory of Moral Unity
Aristotle’s Theory of Responsibility
• Responsible unless actions are involuntary • Factors creating involuntariness
– ignorance – incapacity
• • • • unrealistically high costs no power to influence outcomes no alternative exists external forces compel action
C7-S4
Sources of the Business Values
RELIGION
BUSINESS ETHICS
LAW
CULTURE
PHILOSOPHY
Ethics in Other Countries
• Ethical Relativism • Ethical Universalism
C7-S6
Factors Influencing Ethical Behavior
Have an ethical day!
Leadership
Strategy
Corporate Culture
Individual Characteristics
C7-S7
How to Build in Ethics
1. 2. 3. 4. 5. Top Management Commitment Mission Statement Ethics Code Policies/Procedures Training
6.
7. 8.
Whistle-Blower’s Hotline
Ethics Officer Independent Audit
9.
Disciplinary Action