MGMT 1281 Lecture 3: Ch 3 Lecture Notes
15 Jun 2018
School
Department
Course
Professor
Saturday, September 19, 2015
Chapter 3: Conducting Business Ethically and Responsibly
Ethics in the workplace
-Ethics: individual standards or moral values regarding what is right and wrong or
good and bad.
-Ethical Behaviour: behaviour that conforms to individual beliefs and social norms
about what what is right and good.
-Unethical Behaviour: behaviour that individual beliefs and social norms define as
wrong and bad.
-Business Ethics: ethical or unethical behaviour by a manager or employees of an
organization.
-Managerial Ethics: standards of behaviour that guide individual managers in their
work.
-Conflict of Interest: occurs when an activity benefits the employee at the expense
of the employer.
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Document Summary
Ethics: individual standards or moral values regarding what is right and wrong or good and bad. Ethical behaviour: behaviour that conforms to individual beliefs and social norms about what what is right and good. Unethical behaviour: behaviour that individual beliefs and social norms define as wrong and bad. Business ethics: ethical or unethical behaviour by a manager or employees of an organization. Managerial ethics: standards of behaviour that guide individual managers in their work. Conflict of interest: occurs when an activity benefits the employee at the expense of the employer.
