Plan

Plan

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INTRODUCTION- ETHICS
Ethics involves learning what is right or wrong, and then doing the right thing --
but "the right thing" is not nearly as straightforward as conveyed in a great deal of
business ethics literature. Most ethical dilemmas in the workplace are not simply a
matter of "Should Saima steal from Nahid?" or "Should Etila lie to his boss?"
Many ethicists assert there's always a right thing to do based on moral principle,
and others believe the right thing to do depend on the situation -- ultimately it's up
to the individual. Many philosophers consider ethics to be the "science of conduct."
Ethics includes the fundamental ground rules by which we live our lives.
Many ethicists consider emerging ethical beliefs to be "state of the art" legal
matters, i.e., what becomes an ethical guideline today is often translated to a law,
regulation or rule tomorrow. Values which guide how we ought to behave are
considered moral values, e.g., values such as respect, honesty, fairness,
responsibility, etc. Statements around how these values are applied are sometimes
called moral or ethical principles.
“The term ethics refers to rules and principles that define right and wrong conduct.”

What is "Business Ethics"?
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The concept has come to mean various things to various people, but generally it's
coming to know what it right or wrong in the workplace and doing what's right --
this is in regard to effects of products/services and in relationships with
stakeholders.
Attention to business ethics is critical during times of fundamental change -- times
much like those faced now by businesses, both nonprofit and for-profit. In times of
fundamental change, values that were previously taken for granted are now
strongly questioned. Many of these values are no longer followed. Consequently,
there is no clear moral compass to guide leaders through complex dilemmas about
what is right or wrong. Attention to ethics in the workplace...