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Ethics Chapter 3

In: Business and Management

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CHAPTER 3

Emerging Business Ethics Issues

Chapter Objectives
• To define ethical issues in the context of organizational ethics • To examine ethical issues as they relate to the basic values of honesty, fairness, and integrity • To delineate abusive and intimidating behavior, lying, conflicts of interest, bribery, corporate intelligence, discrimination, sexual harassment, environmental issues, fraud, insider trading, intellectual property rights, and privacy as business ethics issues • To examine the challenge of determining an ethical issue in business

Chapter Outline
• Recognizing an Ethical Issue • Ethical Issues and Dilemmas in Business • The Challenge of Determining an Ethical Issue in Business

Recognizing an Ethical Issue
• An ethical issue is a situation or a problem that requires thought, discussion, or investigation to make a decision • Failure to do so puts corporations at great risk

Honesty
• Honesty: Truthfulness or trustworthiness • Dishonesty: A lack of integrity, incomplete disclosure, or an unwillingness to tell the truth

Fairness and Integrity
• Fairness: The quality of being just, equitable, and impartial – Equality – Reciprocity – Optimization • Integrity: One of the most important terms regarding virtue. It means uncompromising adherence to ethical values

Ethical Issues and Dilemmas in Business
• An ethical issue is a problem or opportunity that requires an individual or group to choose among actions that are evaluated as ethical or unethical • An ethical dilemma is a problem, situation, or opportunity that requires an individual or group to choose among several wrong or unethical actions

Abusive or Intimidating Behavior
• One of the most common ethical problems • Can mean anything from physical threats, false accusations, profanity, insults, harshness, ignoring someone, or even unreasonableness • Bullying is

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