It can justify its existence of fulfilling its obligations to the society. Therefore, according to this argument, social problems must be solved by socialised agencies. They should also give them full information about the product. employees; something like parents setting the tone within a family, kids do o Ethics education and training Factors influencing business ethics. They are usually described as good or bad behavior. Warning: TT: undefined function: 32. Business Ethics 4 – Understanding Factors Influencing Business Ethics. © copyright 2003-2020 Study.com. and programs. In such circumstances businessman may shift their burden by charging higher prices from customers. (d) Responsibility towards Government and community : An enterprise must respect the laws of the country and pay taxes honestly. Lastly, an employee's personality plays an important factor in determining ethical behavior. (a) Justification for Existence and Growth : Business exists for providing goods and services to satisfy human needs. These are businesses that are in compliance with all government regulations and legalities, and make it known where they stand on certain regulations. 's' : ''}}. o Changing the context; Making better environments,  Social accounting is the process concerned with assessing and communicating Morals are another individual characteristic that can affect an individual's ethics. There are three major factors that can affect your ethical behavior: Following this lesson, you should be able to: To unlock this lesson you must be a Study.com Member. A good way to stay in touch with current social trends is to follow or hire marketing influencers. Frame it as a The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated. Log in here for access. If behaviour is defined as being illegal in a country then it is also unethical for a business to be involved in such behaviour. (b) Burden on consumers : It is argued that social responsibilities like pollution control and environmental protection are very costly and often require huge cost. The first part of essay is the introduction of unethical problems of Coca-Cola’s marketing activities, following with discussions and suggestions and the last part is the, Ethical Values: Factors Influencing Business Ethics. What steps can an enterprise take to protect the environment from the dangers of pollution ? What are the ways that Panera Bread can conduct ethical and proper forms of competitive analysis to learn about potential competitors entering the fast-casual category? Culture is a collection of the customs, norms and practices of a group of people. o A way of predicting moral behavior of people if you know what their general Usually, this is for medical professionals and mental health professionals. The word oxymoron refers to bringing together of two apparently contradictory concepts, such as in ‘a cheerful pessimist ‘or ‘a deafening silence’. 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Marketers are not allowed to outright lie about products or services they are promoting. Many aspects of the work environment influence an individual's decision-making regarding ethics in the business world.  Moral imagination: the creativity with which one can reflect on an ethical dilemma. Government legislation and pressure can have an impact on ethics as well. o Probability of effect (will the harms/benefits actually happen) Vol9(2006), No. Warning: TT: undefined function: 32. Business Ethics 4 – Understanding Factors Influencing Business Ethics. Ethical issue arises because of conflicts among individual values and organisational values Work envt is a conglomerate of hundreds of individuals having different values,thus leads to further issues. Already registered? What 3 ethical issues do you see most at work which involve the use of statistics and suggest how they should be handled using a Biblical worldview versus a secular world view? This lesson will help you understand the factors that affect ethical behavior in the workplace and allow you to consider your own ethical decision making standards.

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