About This Chapter
Practical Applications for Business Ethics - Chapter Summary
By sharing this informative chapter with your managers, you can ensure they are ready for the practical application of various business ethics concepts. Bite-sized lessons in this chapter cover the four functions of management, organizational diversity and five major consumer rights. Your employees can also refresh their knowledge of the process of a bill becoming a law and target marketing.
Customize your use of this chapter by including any lessons that can enhance your training sessions. If you or your managers have questions about details presented in the lessons, don't hesitate to submit questions to our subject-matter experts. Included in this chapter are short quizzes your managers can take to confirm your comprehension of concepts covered in the lessons. A broader exam assesses their knowledge of the entire chapter.
How It Helps
- Explains concepts: The lessons provide in-depth explanations of ethical decision making in business, four functions of management and more.
- Helps visualize concepts: Several lessons offer infographics of topics like the five major consumer rights as infographics that will help your managers clearly visualize concepts.
- Empowers employees: Employees are empowered in their roles through their understanding of ways to identify ethical issues, make ethical decisions and even influence regulatory agencies.
After completing this chapter, your employees will be ready to:
- Make strong, ethical decisions in your business
- Identify the four functions of management
- Outline how a bill becomes a law
- Utilize various business strategies for influencing Congress and regulatory agencies
- Discuss ethical and unethical target marketing in business
- Recognize ethical issues in international business
- Provide an assessment of your organization's diversity
- List and describe five major consumer rights
1. Practical Application: Ethical Decision Making in Business
Some business decisions are simple, but some involve ethical consideration. Read and analyze some scenarios to practice identifying, evaluating, and making ethical decisions at work.
2. Practical Application: Four Functions of Management Infographic
The four primary functions of management form the foundation upon which successful leaders build their skills and competencies. Although some differences exist, most leadership roles have responsibilities in each of the four functions.
3. Practical Application: Assessing Organizational Diversity
A diverse organization provides the expertise that only people from a varied background can bring. Use this assessment to help you see where your organization stands in terms of organizational diversity.
4. Practical Application: How a Bill Becomes a Law Infographic
By intentional design, passing a law in the government model of a republic is slow, deliberate, and cautious. Understanding how a bill moves through the system will help you see the checks and balances built in along the way.
5. Practical Application: Business Strategies for Influencing Congress & Regulatory Agencies
Although a negative connotation is often attached to political lobbying or corporate campaign donations, there are legal, ethical, and effective ways to influence lawmakers. These three scenarios will help you identify three ethical ways to influence and educate lawmakers.
6. Practical Application: Five Major Consumer Rights Infographic
This infographic will help you visualize the five major consumer rights. By using this infographic, you'll have a visual representation that you can use to aid your own work and share the information with others.
7. Practical Application: Ethical & Unethical Target Marketing in Business
Target marketing is a cornerstone of an overall marketing strategy, and it is by no means nefarious by itself. It can, however, cross an ethical line when the target is deeply vulnerable.
8. Practical Application: Identifying Ethical Issues in International Business
In the 21st century world of business, where cultures and legal systems often collide, ethical issues pose new and often complicated challenges. Use this practical application lesson to identify and analyze some real-life ethical issues that individuals and businesses encounter.
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Other chapters within the Business Ethics: Skills Development & Training course
- Introduction to Business Ethics
- Employees, Stockholders, & Corporate Governance
- The Relationship Between Business, Government & Society
- Public Relations for Business
- Diversity in the Workforce
- The United States Government
- Business-Government Relations
- Government Regulation on Business
- Political Parties & Lawmaking
- Business' Influence on the Political Environment
- The Federal Judicial Branch of Government
- Antitrust Laws in Business
- 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
- International Trade & Business Law