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Unit 37 Business Ethics

Unit 37 Business Ethics. What is Business Ethics?. Unit 37 Business Ethics. What is Business Ethics? Truth Trust Principles Rules & Law Doing the right thing. Unit 37 Business Ethics. P1 Business Ethics Doing the right thing Principles Truth Following the rule of law.

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Unit 37 Business Ethics

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  1. Unit 37 Business Ethics What is Business Ethics?

  2. Unit 37 Business Ethics What is Business Ethics? Truth Trust Principles Rules & Law Doing the right thing

  3. Unit 37 Business Ethics P1 Business Ethics Doing the right thing Principles Truth Following the rule of law

  4. Unit 37 Business Ethics P1 Ethical Activity The day-to-day activity of a business Working within the law Treating workers & suppliers fairly

  5. Unit 37 Business Ethics P1 Values of business Standards that are held & set by a business or individuals that control their behaviour For example, respect, trust, responsibility

  6. Unit 37 Business Ethics P1 Professional Ethics Standards set by the business as to how managers & workers work within the law Treating others with respect Not taking advantage of others For example, pay & conditions

  7. Unit 37 Business Ethics P1 Individual Ethical Behaviour How an individual acts & treats others Professional conduct

  8. Unit 37 Business Ethics P1 Corporate Governance Control Structure Decision-makers For example, the Board of Directors

  9. Unit 37 Business Ethics P1 Corporate Social Responsibility The policy of a business towards all stakeholders that takes their interests into account Responsibility towards the community in which its conducts business For example, town centres & suppliers

  10. Unit 37 Business Ethics P1 Environment Local & national resources Areas of natural beauty Providing valuable resources

  11. Unit 37 Business Ethics P1 Sustainability Resources which are used are replaced For example, grazing land, forests

  12. Unit 37 Business Ethics P1 Human Rights Rights of workers/employees to have fair pay, conditions & a way to communicate issues

  13. Unit 37 Business Ethics P1 Corruption Involves illegal activity For example, bribery & fraud

  14. Unit 37 Business Ethics P1 Trading Fairly When there is an environment of information transparency Businesses compete openly Consumers obtain lower prices, more choice & better quality

  15. Unit 37 Business Ethics P1 Legal & Regulatory Compliance Following laws & regulations of the country in which it conducts business

  16. Unit 37 Business Ethics P1 Business Practices Addresses how a company conducts its day-to-day business activity Working within the law & against competitors

  17. Unit 37 Business Ethics P1 Working Conditions Employer has a responsibility to provide safe & healthy working conditions Also, the provision of appropriate resources For example, clothing, machinery, tools

  18. Unit 37 Business Ethics P1 Individual Ethical Responsibilities How individuals act & treat others Identifies individual roles & accountability If errors are made, then the individual must take responsibility for their actions or decisions

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