BUS 082 Lecture Notes - Lecture 20: Moral Absolutism, Whistleblower, Product Liability

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Situation in which a business decision may be influenced by personal gain. Telling the truth and adhering to deeply felt ethical principles in business decisions. Employee"s disclosure of illegal, immoral, or unethical practices in the organization. Businesspeople expect employees to be loyal, but ethical conflicts may arise if the truth about a company is not favourable. These four steps build the ethical environment in which ethical organizations operate. Organizations focus on these areas to question their actions as they relate to stakeholders. The organization"s ethical climate is weakened if any of these four factors is missing. Formal statement that defines how the organization expects and requires employees to. Codes of conduct cannot detail a solution for every ethical situation, so corporations provide training in ethical reasoning. Helping employees recognize and reason through ethical problems and turning them into ethical actions. Executives must demonstrate ethical behaviour in their actions. Use clear, explicit language rather than euphemisms for corrupt behaviour.

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