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Ethics is more than legality

Ethics

• Standards of moral behavior; behavior that is accepted by society as right versus wrong.

Ethics begins wit each of us

• It is helpful to ask yourself the following questions when facing an ethical dilemma.
o It is legal?
o It is balanced? Am I acting fairly? Would I want to be treated this way?
o How will it make me feel about myself? Would I feel proud if my family learned of my decision? My friends?

Managing Businesses Ethically and Responsibly

• People learn their standards and values from observing what others do, not from hearing what they say.
• A business should be managed ethically for many reasons:
o to maintain a good reputation
o to keep existing customers
o to attract new customers
o to avoid lawsuits
o to reduce employee turnover
o to avoid government intervention
o to please customers, employees, and society
o simply to do the right thing

• Ethic of justice is based on principles like......

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Approximate Word Count: 1314
Approximate Pages: 6 (250 words per double-spaced page)

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