D072 Fundamentals for Success in Business Complete study guide (MODULE 1-9 ALL WHAT YOU NEED TO KNOW) new update version Western Governors University
Module 1: THE IMPORTANCE AND IMPACT OF ETHICS
WEBINAR:
Modules 1 & 2
Lesson 1: Personal versus Organizational Ethics Define ethics. Define legal. Provide an example for each of the following: legal-ethical legal-unethical illegal-ethical conflicts Define values. Define morals. Define organizational ethics.
As you read the lesson, answer the following questions in your own words. Principles that serve as a compass about how to behave An act that is allowed or is in conformity whith the law of the land Legal-ethical = keeping warehouse jobs within the US Legal-unethical = outsourcing warehouse jobs outside of the US llegal-ethical confict = Penagon Papers Case - in which US governemnt officials leaks top secret papers to inform the public about government actions during the Vietnam War Stable life goals that people have that reflect what is most important to them Rules peoplre develop as a result of cultural norms amd values and are, traditionally passed down through generations and characterize a cultural group Branch of applied ethics that focuses on rules, prinicples, and standard in the contect of business activities,
List the four main levels of ethical issues and provide an example of each.
Societal issues = substandard housing, employmnet discrimination and child abuse and neglect. Stakeholder's issues = a company insisting on treating suppliers with respect and refuses to push them to the lowest pricing possible. Internal policy = fairness in management, pay, and employee participation Personal issues = gossiping at work or taking credit for another's work
Lesson 2: The Impact of Ethics on Organizations How does a company's ethical behavior impact organizational outcomes?
As you read the lesson, answer the following questions in your own words.
Trustwrothy companies are better at attracting and keeping customers, talented employees, and capital.
How does a company's unethical behavior impact organizational outcomes?
Companies tainted by questionable thics suffer from dwindling customer bases, employee turnover, and investo mistrust.