BUSI 1800 Lecture Notes - Lecture 3: Cheque, Human Resource Management, Price Gouging
6 Mar 2014
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Standards or moral values that dictate what is right and wrong. Everyone develops their own set of ethics. Leadership (what they measure, reward/punish, focus upon, permit/ disapprove of) Ethical behaviour of managers conforms to their individual beliefs and the social norms under which they operate. Employees: firing, hiring, wages, privacy, etc, some decisions not illegal, but still unethical (spying on other employees) Behaviour toward the organization: conflict of interest, confidentiality, honesty. Behaviour toward other economic agents: customers, competitors, shareholders, suppliers, unions. Firms are using written code of ethics to guide employees: top management support is essential. Idea that a business should balance its commitments to individuals and groups that are directly affected by the organization"s activities. Climate change, global warming and greenhouse gasses. Created by chemical emissions made through production. Due to years of releasing toxic waste in bodies of water. Big offenders are pulp & paper plants, municipalities who dump raw sewage.
