Ethics In The Business System[1]

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. 6. 7. 8. 9. Top Management Commitment Mission Statement Ethics Code Policies/Procedures Training Whistle-Blower’s Hotline Ethics Officer Independent Audit Disciplinary Action