Question

Personally reflect on how you as a supervisor/manager can apply the "takeaways" from these topics.

According to Webster's dictionary, Ethics are an area of study that deals with ideas about what is good and bad behavior: a branch of philosophy dealing with what is morally right or wrong.

Business Ethics is then the application of ethics to business practices and decision-making in business.

You don't need to learn the difference between right and wrong ... but rather how to apply the difference between right and wrong to the workplace.

It will help you build a moral compass to help you deal with ethical challenges.

Self-interest. Being ethical is good for your career.

To help you recognize what is acceptable and what isn't.

Basic Situations Causing Ethical Issues

Bribes

Conflicts of Interest

Conflicts of Loyalty

Issues of Honesty and Integrity

Whistle-blowing

How to Face an Ethical Dilemma

Even though we all feel like we know right from wrong, there are ethical shades of grey. It is important to have some mental steps that you can use when you face an ethical dilemma. The following figure offers steps for systematically working through and ethical problem.

Define the problem and collect the relevant facts.

Identify Feasible Options

Assess the effect of each option on stakeholders

Establish criteria for determining the most appropriate action

Select the best option based on the established criteria

How to Avoid an Ethical Lapse

If you are presented with a decision that is unethical or illegal, you've committed an ethical lapse. If you are presented with this type of choice, ask yourself the following questions to increase your odds of making an ethical decision.

Is the action legal?

Is it unfair to some parties?

If I take it, will I feel badly about it?

Will I be ashamed to tell my family, friends, coworkers or boss?

Will I be embarrassed if my action is written up in the local newspaper?

How to Maintain Honesty and Integrity

Below are a few rules of thumb to help you maintain your Honesty and Integrity.

Follow your own personal code of conduct; act according to your own convictions rather than doing what’s convenient (or profitable) at the time.

While at work, focus on your job, not on nonwork-related activities such as emails and personal phone calls.

Don’t appropriate office supplies or products or other company resources for your own use

Be honest with customers, management, coworkers, competitors, and the public.

Remember that it’s the small, seemingly trivial, day-to-day activities and gestures that build your character.

Code of Conduct

Most organizations have a formal code of conduct that serves as a guide and reference for users in support of day-to-day decision making. It is meant to clarify an organization's mission, values and principles, linking them with standards of professional conduct.

Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.

Companies are socially responsible to their various stakeholders which include:

owners,

employees,

customers,

the communities in which they conduct business.

Answer 1

Although the questions are not properly numbered , I 'll try to answer all questions asked as per my understanding ;

Answer 1) To help you recognize what is acceptable and what isn't.

Basic Situations Causing Ethical Issues

Bribes - Un-acceptable

Conflicts of Interest - Acceptable

Conflicts of Loyalty - Un-acceptable

Issues of Honesty and Integrity -Un-acceptable

Whistle-blowing-Acceptable

Answer 2)

Companies are socially responsible to their various stakeholders which include:

owners,

employees,

customers,

the communities in which they conduct business.