Introduction
As you navigate through the unit (using the arrows), make sure you click on the different links, read through the content, and watch the videos. Consider any parts that are unclear to you, and make note of them in your learning journal.
Business EthicsWatch: Business Ethics
Every day, managers and business owners make business decisions based on what they believe to be right and wrong. Through their actions, they demonstrate to their employees what is and is not acceptable behavior and shape the moral standard of the organization. Personal and professional ethics are important cornerstones of an organization and shape its ultimate contributions to society in the form of corporate social responsibility.
Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions. Business ethics implicitly regulates behavior that lies beyond governmental control. Business ethics refers to contemporary standards or sets of values that govern the actions and behavior of individuals in the business organization and the actions of the business itself. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Corporations and professional organizations, particularly licensing boards, will usually have a written “Code of Ethics” that governs standards of professional conduct expected of all in the field.
Read the Complete Guide to Ethics Management: An Ethics Toolkit for Managers to gain practical, realistic ethics information for leaders and managers, whether nonprofit or for-profit. Be sure to read through each section as outlined in the toolkit.
Document Fills Void of Practical Ethics Information for Leaders and Managers
What is Business Ethics?
10 Myths About Business Ethics
10 Benefits of Managing Ethics in the Workplace
One Description of a Highly Ethical Organization
Ethics Management Programs: An Overview
8 Guidelines for Managing Ethics in the Workplace
6 Key Roles and Responsibilities in Ethics Management
Ethics Tools: Codes of Ethics
Ethics Tools: Codes of Conduct
Ethics Tools: Policies and Procedures
Ethics Tools: Resolving Ethical Dilemmas (with Real-to-Life Examples)
Ethics Tools: Training
About the Author
Bibliography of Practical Resources
Licenses and Attributions
Williams, L. (2019, February 27). Business Ethics. Lumen. https://courses.lumenlearning.com/wmopen-introduct…
1. Discussion Forum Question
Discussion promptImagine that you are the compliance manager in a company in your country, and you were asked to draft the code of conduct for your business. Please describe the company (their industry, products, etc.) and draft the code of conduct and explain about the content listed in the code of conduct. And explain why code of conduct is important to your business.
Support your arguments with relevant sources to develop ideas that are appropriate for the discipline and genre of the writing.
2. Learning Journal
For this assignment, you will apply what you have learned in this unit about the importance of business ethics, and how to address them.
Assignment instructionsRead the Wells Fargo’s case study and write an analysis of the case study incorporating the items below.
Importance of ethics in managing business: What values did Stumpf model add to Wells Fargo employees? What impact might that have on the culture of Wells Fargo? What behaviors can leaders’ model in order to encourage ethical behavior in their organization?
Addressing issues and designing Ethical Systems: Wells Fargo did have some systems in place, like the ethics hotline, to report unethical behavior, but it didn’t work. Why do you think that is? What steps can leaders take to design systems that encourage ethical behavior rather than unethical behavior?
Note: The introduction in the paper should Identify the key problems and issues in the case study. Formulate and include a thesis statement, summarizing the outcome of your analysis in 1–2 sentences.
Submission instructionsYour submission must be organized as an essay, not a series of questions and answers. Have an introduction, body, and conclusion sections in your paper.
Use one-inch margins and 12-point Times New Roman font. No cover page or heading is required.
You need to have a reference list on the last page of your essay.
Use high-quality, credible, relevant sources to develop ideas that are appropriate for the discipline and genre of the writing.
Use the APA reference guide when writing references. For assistance with APA formatting, view the Learning Resource Center: Academic Writing.
Make sure that your paper is free of grammar and spelling errors.
Reference
Santa Clara University Markkula Center for Applied Ethics. (2018, July). Wells Fargo banking scandal. https://www.scu.edu/ethics/focus-areas/business-ethics/resources/wells-fargo-banking-scandal/
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