BSB119 Lecture Notes - Financial Statement, Professional Code Of Quebec, The Affluent Society
Document Summary
Ethics is defined as an individual"s personal beliefs about right and wrong behaviour. Ethics is not just the practice of individuals; it is a value shared by society as a whole. The profit motive was once considered to be the only guiding principle of international business. The interest in business ethics has largely come about because of the corporate scandals of the. It is now more widely recognised that pure greed is no longer good for business. In a world where rapid communications and enquiring journalists are quick to expose and publicise unethical business practices, a disregard for business ethics in simply bad business. Arise when a manager makes decisions consistent with differing national environments: political systems, legal systems, economic development levels, culture. What is ethical and normal in one environment may not be so in another. Situations arise when managers deal with the following factors in an environment. Arise most often in the context of: employment practices.
