ethics

Management

(noun)

The study of principles relating to right and wrong conduct.

Related Terms

  • decision
  • goodwill
  • cognitive
  • moral
  • governance
  • behavior
  • decision tree
  • values
Marketing

(noun)

The moral principles that guide decision making and strategy.

Related Terms

  • subculture
  • Market Research
  • B2B
  • culture

(noun)

The set of moral principles or values that guide behavior.

Related Terms

  • subculture
  • Market Research
  • B2B
  • culture
Business

(noun)

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct; also called moral philosophy.

Related Terms

  • ethical behavior
  • business ethics
  • normative ethics

Examples of ethics in the following topics:

  • Defining Ethics

    • Ethics are the set of moral principles that guide a person's behavior.
    • Ethics are the set of moral principles that guide a person's behavior.
    • The phrases business ethics and corporate ethics are often used to describe the application of ethical values to business activities.
    • Ethics applies to all aspects of conduct and is relevant to the actions of individuals, groups, and organizations.
    • In addition to individual ethics and corporate ethics there are professional ethics.
  • Training Ethical Decision Making

    • Organizations use compliance and ethics programs to demonstrate and reinforce their commitment to ethical practices.
    • On a more practical level, a compliance and ethics program supports the organization's business objectives, identifies the boundaries of legal and ethical behavior, and establishes a system to alert management when the organization is getting close to (or crossing) a legal or ethical boundary.
    • Most ethics training focuses on clarifying and communicating an organization's ethical code so employees understand what is expected.
    • Some ethics training will also cover the resources available to help employees when they face an ethical dilemma or suspect that someone in the organization has made an ethical breach.
    • In every type of business, ethics are needed to keep business standards high.
  • Moral Principles in Management

    • Business ethics deals with the beliefs and principles that guide management decisions.
    • Business ethics (also corporate or professional ethics) is a form of applied ethics that examines the principles and moral beliefs that guide management decisions.
    • This person ensures their organization has statements of ethical principals, clear guideline about acceptable and unacceptable practices, and means of reporting ethical breaches.
    • Availability for advice on ethical situations (i.e., advice lines or offices)
    • Good leaders strive to create a better and more ethical organization.
  • A Brief Definition of Business Ethics

    • Business ethics is the written and unwritten principles and values that govern decisions and actions within companies.
    • Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior.
    • Theoretical ethics, sometimes called normative ethics, is about delineating right from wrong.
    • Business ethics, also called corporate ethics, is a form of applied ethics or professional ethics that examines the ethical and moral principles and problems that arise in a business environment.
    • In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right.
  • Corporate Policies

    • Companies often have corporate ethics statements or codes that identify ethical expectations and offer guidance.
    • Due to the increase in comprehensive compliance and ethics programs, many companies have formulated internal policies pertaining to the ethical conduct of employees.
    • It is hoped that having such a policy will lead to greater ethical awareness, consistency in application, and the avoidance of ethical disasters.
    • For instance, the US Department of Commerce ethics program treats business ethics as a set of instructions and procedures to be followed by 'ethics officers'.
    • Some others claim being ethical just for the sake of it.
  • The Importance of Studying Ethics

    • When you think of ethics, what comes to mind?
    • Perhaps you think of words and phrases like ethical behavior, professional ethics, ethics boards, or code of ethics.
    • Why would you need to even consider ethics in public speaking?
    • There are other reasons to engage in ethical behavior in public speaking:
    • To speak ethically is to use your own original speech content.
  • Managers Role in Ethical Conduct

    • Managers are responsible for upholding the ethical code and helping others to do so as well.
    • Lastly, managers make themselves available as a resource to counsel and assist employees who face ethical dilemmas or who suspect an ethical breach.
    • Of course, managers are responsible for upholding ethical standards in their own actions and decisions.
    • In addition to following the organization's ethical code, managers may be obligated to follow a separate professional code of ethics, depending on their role, responsibilities, and training.
    • The manager has an important role in maintaining ethical conduct in a firm, but a firm's ethics cannot simply be based on a "manager to the rescue" approach.
  • Business Ethics in B2B

    • Ethics refers to the moral principles that guide decision-making and strategy.
    • Businesses that adopt an ethical stance gain from numerous advantages, including:
    • Marketing ethics is the area of applied ethics that deals with the moral principles behind the operation and regulation of marketing.
    • When companies create high ethical standards upon which to approach marketing they are participating in ethical marketing.
    • List the pitfalls B2B companies face when ignoring ethics in market research and target marketing, and the advantages to incorporating ethics
  • What is ethics?

    • Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior.
    • Theoretical Ethics, sometimes called Normative Ethics, is about discovering and delineating right from wrong; it is the consideration of how we develop the rules and principles (norms) by which to judge and guide meaningful decisionmaking.
    • Business ethics is not chiefly theoretical in character.
    • It is best understood as a branch of ethics called applied ethics: the discipline of applying value to human behavior, relationships and constructs, and the resulting meaning.
    • Here are four ethical approaches that have stood the test of time.
  • Codes of Conduct

    • As part of comprehensive compliance and ethics programs, many companies formulate policies pertaining to the ethical conduct of employees.
    • There are three types of ethical codes: codes of business ethics, codes of conduct for employees, and codes of professional practice.
    • A code of business ethics often focuses on social issues.
    • The effectiveness of such codes of ethics depends on the extent to which management supports and enforces them.
    • State the importance of utilizing a code of conduct to outline and maintain ethical business standards within an organization
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