About This Chapter
Introduction to Business Ethics - Chapter Summary and Learning Objectives
Instructors teaching this chapter help you pin down what exactly is meant by 'business ethics' by first providing you with examples of unethical behavior and discussing theories of ethics. They also explain why individuals sometimes make poor ethical decisions and identify types of organizational ethical climates, so you can come away from this chapter with a firm understanding of the following topics:
- Steps in the ethical decision-making processes
- Factors influencing individuals' ethical behavior
- Strategies for managing workplace ethics
- Business ethics and the law
|Business Ethics in Contemporary Businesses||Explore some of the areas in contemporary business where ethics come into play. Get some examples of unethical business practices.|
|Ethical Decision-Making||Examine steps in the ethical decision-making process.|
|Factors that Affect Ethical Behavior in the Workplace||Explain how such factors as personality traits, attitudes and moral development affect ethical behavior.|
|Theories of Ethics: Rights & Natural Laws||Compare and contrast differing ethical theories, including deontology, consequentialism, ethical relativism, absolutism, virtue ethics and the ethics of care.|
|Why Ethical Problems Occur in Business||Examine ethical challenges occurring across multiple functions of business. Explain the reasons why 'good' people might engage in unethical behavior.|
|Managing Ethical Behavior in the Workplace||Discuss managerial considerations surrounding ethical behavior. Identify managerial values and roles that influence ethical decision-making.|
|Organizational Ethical Climate: Definition, Issues & Improvement||Survey methods for improving an organization's ethical climate. Describe characteristics of instrumental, law and order, caring, rules and independence ethical climates.|
|The Importance of Ethics Policies, Training & Reporting Programs in the Workplace||Explain the importance of creating effective ethics policies, training programs, reporting mechanisms and other safeguards.|
|Organizational Citizenship Behavior in the Workplace: Definition and Examples||Discover examples of organizational citizenship behavior and identify its benefits.|
|The Difference Between Workplace Ethics and the Law||Discuss the differences between ethics and the law.|
|Legal Ethics in Business Law: Definition, Rules & Problems||Learn about model rules, malpractice, attorney/client privilege and conflicts of interest. Explain how they relate to legal ethics and business law.|
1. Business Ethics in Contemporary Businesses
The concept of ethics is easy to give examples of but hard to define. In this lesson, we will discuss ethics and how they apply in the business world, as well as discuss an example of an ethical situation using Enron.
2. Ethical Decision Making
We have to make decisions every day, and many of these decisions have an ethical dimension. In this lesson, you'll learn about ethical decision-making and a process you can use to make ethically sound decisions. A short quiz follows.
3. Factors that Affect Ethical Behavior in the Workplace
This lesson will help you understand the factors that affect ethical behavior in the workplace and allow you to consider your own ethical decision making standards.
4. Theories of Ethics: Rights & Natural Laws
Legal rights are those rights provided to citizens through the Constitution and other articles of the US legal system. Natural rights are rooted in the ethical, based on what is right or wrong. Learn more about ethics in this lesson.
5. The Act and Rule Utilitarian Models in Business Ethics
How do you decide what to do when faced with an ethical dilemma? In this lesson, we'll examine the two major types of utilitarianism - act and rule - and explain how each one can be applied to ethical situations in the business world.
6. Philosophical Approaches to Business Ethics
Regardless of where we work or what we do, everyone is involved in 'business' of some sort. For that reason, business ethics are critically important to understand. In this lesson, we'll discuss some common philosophical approaches to business ethics.
7. Why Ethical Problems Occur in Business
In this lesson, you will learn that ethical problems occur because companies have a lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising.
8. Managing Ethical Behavior in the Workplace
Ethics are important in the business world. In this lesson, you will learn the techniques that managers use to command ethical behavior in the workplace.
9. 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.
10. Moral Hazard in Economics: Definition & Examples
Learn what a moral hazard is and why they exist between individuals and businesses. Find out some common examples of moral hazards and discover where the term was first used.
11. The Importance of Ethics Policies, Training & Reporting Programs in the Workplace
In this lesson, you will learn the importance of ethics policies, training and reporting programs in the workplace that help provide safeguards to maintain an ethical environment.
12. Organizational Citizenship Behavior in the Workplace: Definition and Examples
Organizational citizenship is a concept that all companies wish to have but very few can actually achieve. It is rooted in individual employees' view of the company and how they associate themselves with it.
13. 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.
14. Unfair Competition: Methods, Elements & Laws
Unfair competition refers to several different types of intentional torts that cause economic injury to another person's business. These torts are various forms of deceptive business practices. This lesson explains unfair competition.
15. Competition Within Free Markets: Types & Summary
We live in a free market economy, but that doesn't mean there is always free competition. In this lesson, you'll learn about perfectly competitive markets, monopolies, monopolistic markets and oligopolies.
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Other chapters within the Business 108: Business Ethics course
- Employees, Stockholders, & Corporate Governance
- The Relationship Between Business, Government & Society
- Public Relations for Business
- Diversity in the Workforce
- Business-Government Relations
- Business' Influence on the Political Environment
- Corporate Social Responsibility & Citizenship
- Business & the Community
- The Media's Impact on Business
- Consumer Rights & Regulations
- Ethics in Advertising
- Strategies of Special Interest Groups
- Technology, Business, & Society
- Environmental Issues in Business
- The Global Business Environment
- Individual Integrity & Ethics
- Studying for Business 108