Chapter 1 Business Ethics

2281 Words Apr 21st, 2011 10 Pages
chapter 1

BUSINESS ETHICS, THE CHANGING ENVIRONMENT, AND STAKEHOLDER MANAGEMENT

|TOPICS COVERED |

1.1 Business Ethics and the Changing Environment
1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER?
1.3 LEVELS OF BUSINESS ETHICS
1.4 FIVE MYTHS ABOUT BUSINESS ETHICS
1.5 WHY USE ETHICAL REASONING IN BUSINESS?
1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED?
1.7 PLAN OF THE BOOK

|lecture outline |

1.1 Business Ethics and the Changing Environment

Businesses and governments
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b. the most frequent types of misconduct observed are abusive or intimidating behavior (21%), misreporting hours worked (20%), lying (19%), and withholding needed information (18%).

c. employees in organizations undergoing merger, acquisition, or restructuring observe misconduct and feel pressure at nearly double the rate of those in more stable organizations.

d. younger managers with low tenure in their organizations are twice as likely to feel pressure to compromise ethics standards.

e. nearly half of all non-management employees do not report misconduct they observe.

f. younger employees with low tenure are among the least likely to report misconduct.

g. less than 58% of employees who report misconduct are satisfied with their organization’s response.

h. senior and middle managers have less fear of reporting misconduct, are more satisfied with the response of their organizations, and feel that honest and respect are practiced more frequently than do lower level employees.

B. Unethical Business Practices by Industry

1. One survey showed that the most unethical behavior happens in the following areas, beginning with the industry that has the most instances of unethical behavior:

a. government

b. sales

c. law

d. media

e. finance

f. medicine

g. banking

h. manufacturing

2. Ethical…