Ch 9: Professional & Business Ethics

About This Chapter

Watch video lessons to learn about professional and business ethics and how these impact organizations. The quizzes that follow each lesson can help you check on your comprehension of the materials.

Professional and Business Ethics - Chapter Summary and Learning Objectives

Ethics is all-important in contemporary society, and nowhere does it figure more prominently than in the actions of business organizations. Consider some of the organizations that have breached ethical standards over the past decade or so, corporations such as Enron, Tyco and others, resulting in financial harm to employees, shareholders and important organizational stakeholders, as well as to the general public.

In this chapter, we will examine professional and business ethics, what they are and how they function, and the role they play in today's business organizations and society. The lessons will teach you about this important concept and how it applies in organizations. Take the lesson quizzes to check on your understanding of the materials, and ask an instructor if you have any questions. In these lessons, you'll learn things like:

  • Reasons why ethical problems occur in business
  • Why good people may engage in unethical behavior
  • The role of rights, obligations, justice, truth telling and honesty in business ethics
  • The importance of effective ethics policies and training programs
  • The ethical climate of an organization
  • Organizational citizenship behavior in the workplace
  • Managing a diverse workforce

Video Objective
Business Ethics in Contemporary Businesses Role of ethics in contemporary business, with a look at Enron
Why Ethical Problems Occur in Business Ethical problems and challenges in business
Reasons for unethical behavior
Business Ethics: Rights, Obligations and Approaches Different approaches to the rights and obligations of businesses
The Importance of Ethics Policies, Training and Reporting Programs in the Workplace Why it is important to create effective ethics policies, training and reporting programs
Ethical Decision Making The Golden Rule
The Public Disclosure Test
The Universalization Test
Organizational Ethical Climate: Definition, Issues and Improvement Improving an organization's ethical climate
Organizational Citizenship Behavior in the Workplace: Definition and Examples Uses of organizational citizenship behavior in the workplace
Managing a Diverse Workforce in Contemporary Organizations What it means to manage a diverse workforce in contemporary organizations
Attorney Professional and Ethical Conduct in Business Appropriate professional and ethical behavior for attorneys in a business setting
The Ethics of the Employer-Employee Relationship and Its Effect on Stakeholders Ethics among employers and employees and its larger ramifications
Employee Rights: Privacy and Safety Privacy and safety issues of employees
What is the Whistleblower Act?- Definition, Rights and Protection The Whistleblower Act and its ramifications
Equal Employment Opportunity: Title VII Law and Regulations The impact of Title VII Law and associated regulations
Equal Employment Opportunity: Title VII and Requirements for Managers and Organizations What managers and organizations must do under Title VII
Affirmative Action: Definition and Effects on Diversity in the Workplace How Affirmative Action affects workplace diversity
Controversial Employee-Management Issues Issues between employees and managers
Ability and Disability Diversity in the Workplace: Definition, Trends and Examples Current issues affecting ability and disability diversity in the workplace
Internationalization and globalization of businesses Trends as businesses expand world-wide
Government-Business Relations in Global Business Relationship between government and business in global situations
Managing in International Companies Issues in international management
Regional Integration How regional integration is accomplished and why it is important
Ethical Issues in International Business The special ethical concerns connected with doing business overseas
International Trade Regulations and Restrictions Trade regulations and laws affecting overseas business transactions
Health and Safety Regulations: OSHA The role of this US governmental regulating body
Governmental Regulation and Management How the government oversees and regulates ethical issues
The Organization of Modern Corporations and Interactions with Stakeholders The relationship between contemporary corporations and the various constituents they serve

14 Lessons in Chapter 9: Professional & Business Ethics
Test your knowledge with a 30-question chapter practice test
Business Ethics in Contemporary Businesses

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.

Business Ethics: Rights, Obligations & Approaches

2. Business Ethics: Rights, Obligations & Approaches

In this lesson, explore the concept of business ethics and discover how this dictates the ways that businesses interact with each other and with consumers.

Why Ethical Problems Occur in Business

3. 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.

The Social Contract in Business Ethics

4. The Social Contract in Business Ethics

What should a business's place be in the world? Should it just donate money, or work to make the world a better place? Or should it be absolutely neutral? This all goes back to the social contract of business.

The Act and Rule Utilitarian Models in Business Ethics

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.

The Importance of Ethics Policies, Training & Reporting Programs in the Workplace

6. 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.

Ethical Decision Making

7. 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.

Moral Hazard in Economics: Definition & Examples

8. 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.

Attorney Professional and Ethical Conduct in Business

9. Attorney Professional and Ethical Conduct in Business

Lawyers play an important part in business, but they must follow model rules regarding ethics. This lesson addresses legal ethics in business law, including malpractice, attorney-client privilege and conflicts of interest.

Government-Business Relations in Global Business

10. Government-Business Relations in Global Business

Government-business relations have an impact on international businesses. In this lesson, we will discuss how businesses can work collaboratively with governments and the civil sector to address global issues.

Ethical Issues in International Business

11. Ethical Issues in International Business

Corporations that tackle the global market face many difficulties. In this lesson, we will examine the ethical issues in international business, such as corruption, pollution, and environmental challenges.

Ethical Issues in Managing Technology in Business

12. Ethical Issues in Managing Technology in Business

It is a challenge for companies to balance the need for technology with the elements of privacy and security. Let's analyze some ethical issues, such as information security, balancing the privacy of employees with the need for monitoring employees, file sharing, and copyright infringement.

Governmental Regulation and Management

13. Governmental Regulation and Management

In the U.S., we have several different government agencies that help protect the rights and safety of our workers. This lesson explores and explains these agencies and how they relate to management.

Health and Safety Regulations: OSHA

14. Health and Safety Regulations: OSHA

The workplace can be a dangerous place, and workers are injured and even killed on the job. In this lesson, you'll learn how the Occupational Safety and Health Administration works to minimize dangerous workplace conditions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support