Professional Documents
Culture Documents
BUSINESS ETHICS
AND SOCIAL
RESPONSIBILITY
1
ETHICS
IS THE STUDY OF
HOW PEOPLE
OUGHT TO ACT
2
NOT HOW THEY
ACT
3
4
WORLDCOM
5
HEALTHSOUTH
6
7
8
ImClone
9
10
WORLDCOM
11
HEALTHSOUTH
12
13
14
ImClone
15
LAW AND ETHICS
MAY
NOT ALWAYS AGREE
16
SOMETIMES IT IS ETHICAL TO
COMMIT AN ILLEGAL ACT
AND
17
THERE ARE TWO TYPES OF
LAWS
18
WHY BOTHER WITH ETHICS?
Society as a whole benefits
20
ETHICAL CHECK LIST, CONT’D.
What are the consequences?
Does it violate important values?
Does it violate the Golden Rule?
Is it just?
Has the process been fair?
21
ETHICAL RESPONSIBILITIES
1. To other
2. To customers
3. employees
4. To stakeholders
5. To the company
6. To society
22
THE BEST BEHAVIOR
23
Ethical behavior offers significant
advantages: society as a whole
benefits; executives who
behave ethically have happier,
more fulfilled lives; and
unethical behavior can destroy
a company!
24
CHESTER’S
RULES
FOR
ETHICAL
BEHAVIOR
25
WHEN IN DOUBT,
DON’T
26
IF IT SMELLS BAD,
IT PROBABLY IS
27
IF IT SOUNDS TO
GOOD TO BE TRUE,
IT PROBABLY IS
28
NEVER DO
ANYTHING YOU
WOULD BE
EMBARRASSED TO
TELL YOUR
MOTHER ABOUT
29