About This Chapter
Business Ethics in Practice - Chapter Summary
In this chapter, our instructors examine ethical business climates and business decisions as well as offer a case study to drive home your employees' understanding of business ethics. Our lessons cover the following topics:
- Five types of organizational ethical climates
- Comparing ethics and law in the workplace
- How ethical decision-making impacts stakeholders
Experienced instructors use a conversational approach and fun visuals to engage your employees in learning about business ethics. Quizzes and a chapter exam provide an easy way to check comprehension of the key concepts presented in these corporate training lessons.
How It Helps
- Improves business climate: By watching these lessons, your employees will become familiar with concepts that can help maintain a moral workplace atmosphere.
- Emphasizes importance workplace ethics: Case studies show employees the real world applications of business ethics concepts so they understand their importance.
- Enhances problem solving: These lessons help employees understand how to meet the challenge of balancing all stakeholders' needs while making appropriate ethical business decisions.
By the end of this chapter, employees will be able to:
- Understand the meaning of a moral workplace environment
- Know the difference between ethics and the law
- Identify the stakeholders affected by business decisions and consider the impact of these decisions
1. Organizational Ethical Climate: Definition, Issues & Improvement
Organizational ethical climate refers to the moral atmosphere of the work environment and the level of ethics practiced within a company. Instrumental, caring, law and order, rules, and independence are the five types of ethical climate that can exist in an organization.
2. The Difference Between Workplace Ethics and the Law
In this lesson, you will learn the difference between workplace ethics and the law through a comparison of two employees who each view a situation differently at their job.
3. Practical Application: Recognizing the Difference Between Workplace Ethics & the Law
Every day we face ethical dilemmas. Sometimes they also have legal consequences. Apply your understanding of the difference between ethics and the law and what this means for our workplace behavior using different scenarios.
4. The Impact of Business Decisions on Stakeholders
In this lesson, you will learn about the impact of business decisions on stakeholders and the various difficulties in making appropriate ethical decisions that result in fair outcomes for all constituents.
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