What are Ethics?

• A system that tells us what's right and what's wrong

Why are Business Ethics Important?

• Government regulations
• Technological change
• Corporate social responsibility
• Become more successful
• More efficient

Where are Business Ethics Relevant?

• Low Level Ethical Issues
• Breaking promises
• Breaching confidentiality
• Stealing supplies
• Lying to make a sale
• Sharing credit for jobs done

High Level Ethical Issues:

• Paying/Accepting bribes
• Buying from suppliers who break environmental rules
• Not paying bills on time

Ethical Dilemmas:

Loyalty vs Honesty

What is the Right Thing to Do?

• Laws or organisational procedures
• Would you be happy if your actions were open to public scrutiny . if no then probably shouldn't be doing it
• How would my family feel if they knew what I was doing?
• What would my hero do in this situation?
• Does it match the values and principles you talk about?
• Self evaluation

What if Someone Else is Doing The Wrong Thing?

• Talk to them about it - don't accuse
• Propose alternative action
• Ask the person to help you
• Report situation
• Whistle blow - go to the press

What are Organisations Doing?

• Code of ethics