BUS 201 Chapter 3: Bus201 Chapter 3.doc

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azuregoldfish420

31 Mar 2012

School

Simon Fraser University

Department

Business Administration

Course

BUS 201

Professor

Maureen Fizzell

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Document Summary

Ethics are beliefs about what is right and wrong or good and bad. Individual"s personal values and morals determine whether a particular behaviour is perceived as ethical or unethical. Ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good. Unethical behaviour is behaviour that individual beliefs and social norms define as wrong and bad. Business ethics is a term often used to refer to ethical or unethical behaviours by a manager or employee of a business. Managerial ethics are the standards of behaviour that guide individual managers in their work. Ethical and legal guidelines emphasize that hiring and firing decisions should be based solely on the ability to perform a job. Wages and working conditions are also areas for ethical controversy. Conflict of interest occurs when an activity benefits an individual at the expense of the employer. Honesty includes: stealing supplies, padding expense accounts, and using a business phone for long distance.

Related Questions

Which of the following statements is true of business ethics?

a. Ethical behavior can not only enhance a company's reputation but can also drive profits.

b. Conducting business in an ethical manner does not influence the financial performance of a company.

c. Social responsibility is directed only toward a company's customers and not its employees.

d. Social responsibility in business is less important than satisfying shareholders.

e. Business ethics is not relevant to nonprofit organizations.

silverwombat742

The term business ethics is best described by the following statement:

a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.

b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards, and rules of conduct."

c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."

d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.

e. It comprises the principles, values, and standards that guide behavior in the world of business

sapphireskunk152

Case Study - 5

Breaking The Bargaining Pattern

Gilson steel is a local fabricating and supply firm. Situated in open country, far from the large steel making centers. The firm has been in business many years. About the third of employees have worked in the organization for more than ten years. Top management would like to get away from the current practice in which negotiations on wage matters and fringes follow the pattern. The firm’s president feels that industry – wide bargaining tends to divorce employees from the firm. He thinks they feel that their employer is a combination of U.S steel and bethlem steel instead of Gilson. He argues that the local firm which has prospered can do better by employees than is possible in national pattern. He says that the local conditions should be considered. His basic objection to current practice, however, is his conviction that it tends to divorce its employees from local employer. The labor relations manager has been urged to try negotiating terms at variance with the national pattern.

Answer the following questions: ·

What theory and policy do you read into the president’s suggestion? ·
How will his ideas fit into the existing pattern of public union policy? ·
Can you suggest a promising innovative approach?

snehashisbera2020

BUS 201 Chapter 3: Bus201 Chapter 3.doc

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