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Business Technology. Mr. Bernstein Greene, pp 370-3770: Ethical and Social Issues January 16 , 2014. Business Technology Mr. Bernstein. Business Ethics More than just following laws and regulations Morally justifiable behavior
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Business Technology Mr. Bernstein Greene, pp 370-3770: Ethical and Social Issues January 16, 2014
Business TechnologyMr. Bernstein Business Ethics More than just following laws and regulations Morally justifiable behavior Can vary from manager to manager, business to business or country to country Good ethics is good business
Business TechnologyMr. Bernstein Business Ethics Thinking about right and wrong in advance helps handle conflicts during a busy workday Written Code of Ethics – values and rules that express the firm’s philosophy goals Written Code clarifies some dilemmas, but not all
Business TechnologyMr. Bernstein A Famous Code of Ethics
Business TechnologyMr. Bernstein Kraft Foods 10-point Code of Ethics • Make food that is safe to eat • Market responsibly • Treat people fairly • Respect the free market • Compete fairly • Respect the environment • Deal honesty with the government • Keep honest books and records • Never trade on inside information • Give Kraft Foods your complete business loyalty From The Houston Chronicle, http://smallbusiness.chron.com/examples-code-ethics-business-4885.html
Business TechnologyMr. Bernstein Social Responsibility Duty to contribute to society Obligation to Stakeholders Customers Employees Suppliers Investors and Creditors Community Competitors Is the business of business …business?
Business TechnologyMr. Bernstein Respect the Environment Do not pollute Conserve resources Use green products Sell green products On the margin, its good for your business