How, for example, would you answer questions like the following? Obviously, the types of situations are numerous and varied. Fortunately, we can break them down into a few basic categories: bribes , conflicts of interest , conflicts of loyalty , issues of honesty and integrity , and whistle-blowing. But when is a gift unacceptable? When is it really a bribe? If your company is trying to get a big contract, is it appropriate to send a gift to the key decision maker?
Ethical factors affecting business - CEOpedia | Management online
Wells Fargo. We tell ourselves that we would never do those things. In-depth interviews with these leaders provide some insight and solutions that can help us when we do face these quandaries. Over 50 had occurred in the course of the last five years.
Building ethics into strategic planning is an important consideration for upper management when setting organizational processes and objectives. Setting an organizational strategy, vision, and set of values is the starting point of any new venture. Building in a strong sense of ethics, and an alignment with the well-being of all existing stakeholders and society at large is an integral aspect of the strategic planning process.
Ethical factors affecting business involve all processes and actions which influence managers and employee behaviour inside the company and with outside environment customers, partners, competitors. Ethical concerns in management is included in Corporate Social Responsibility concept, and involve duties, morality, integrity, behaviour, what is good and bad for company , employees and society as a whole. There is many similarities between ethical and legal factors affecting business. Business ethics deals with moral issues beliefs, norms, values, etc. It should be noted that business ethics is a term with quite a multifaceted meaning.