Introduction to Business Chapter 9 Business Ethics

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Introduction to Business Chapter 9 Business
Ethics

• Essential Question How does business ethics
  help business and their customers ?

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Objectives

• 1.1 Business Communications (C) Students will
  understand communications as applied to personal
  and professional situations. They will
  demonstrate competency by selecting and using
  appropriate forms of communications in a variety
  of situations.
• 1.1.1 Diversitydemonstrate the ability to work
  and communicate effectively with persons of
  different ethnicities and culturally diverse
  backgrounds
• 1.1.3 Ethicsdiscuss ethics and the need for
  confidentiality, loyalty, integrity and honesty
  in communicating with business associates
• 1.2 Business Environment (C) Students will
  understand the development and structure of
  business environments. They will demonstrate
  competency by identifying the dynamic components
  of business structure and its relationship to the
  global business environment.
• 1.2.1 Business Ethicsdefine business ethics and
  explain the importance of ethical standards and
  social responsibilities in the business
  environment
• 1.2.6 Environmental Issuesdescribe the impact of
  environmentally sound business practice in a
  global economy.

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Chapter Objectives

• Explain what is meant by the social
  responsibility of business..
• Identify the four social responsibility issues
  and cite examples of socially responsible
  actions.
• Describe the purpose of a code of ethics.

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Social Responsibility Issues. p. 121

• Environmental protection
• Plan use with renewable resources and reduce
  pollution. Conserve non-renewable, natural
  resources, such as gas, coal, oil, copper and
  iron ore, that cannot be replaced once it is used
  up.
• Workplace diversity
• Reflective of the community in which the company
  is located. Must have people with the required
  skills.
• Safety on the job.
• Purchase safe equipment, reduce air emissions and
  water toxins, renovate building to remove hazards
  and improve ease of use for individuals with
  disabilities.
• Employee wellness
• Sponsor stop smoking seminars, counseling for
  employees with substance abuse problems, weight
  loss sessions

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Costs of social responsibility. p. 124

• May eliminate the need for government control.
• Cost of programs may reduce profitability so
  spending must be restrained.
• Businesses spend money for installing
  non-polluting and safer equipment, for building
  renovation to remove hazards, for rehabilitation
  programs, and for community projects.

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Business ethics. p. 124

• Principles of morality
• A code of business ethics is a standard or guide
  for employee behavior.
• How businesses and employees should behave.
• Written in terms of acceptable behavior rather
  than a forbidden action.
• Firms provide training on ethical practices.

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Assignments

• Do Now
• Read Ethical Perspectives on p. 123 and answer
  both questions with a short answer
• Calculate business data p.127 25 Read and
  calculate answer in an Excel spreadsheet, show
  your work. Give a short explanation as to your
  answer.

• Workshop Discussion (Each person writes response
  in notebook.)
• Decision-Making Strategies p. 127 Open and save
  in Microsoft Word document.
• Communicate Business Concepts questions 10-14 p.
  126. Select one question 12-15. Write and present
  your groups brief response

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Homework

• Define Key Terms Develop your Business Language
  p. 127
• Answer Review your reading questions 1-9 p.126
• http//www.cengage.co.uk/needle5/students/HotPotWe
  b/ch9.htm