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Fenster schliessen

What is Business Ethics?

Compromises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business.

Fenster schliessen

Morals

a person's personal philosophies about what is right or wrong

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Principles

specific and pervasive (weit verbreitet) boundaries for behavior that should not be violated

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Values

enduring beliefs and ideals that are socially enforced

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1960s

Consumers' Bill of Rights (JFK)

right to safety, right to be informed, right to choose, right to be heard

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1970s

Corporate social responsibility

an organization's obligation to maximize its positive impact on stakeholders and minimize its negative impact

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1980s

Defense Industry Initiative on Business Ethics and Conduct

to guide corporate support for ethical conduct

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1990s

Federal Sentencing Guidelines for Organizations (FSGO)

set the tone for organizational ethical compliance programs

rewarding organizations for taking action to prevent misconduct