Ethics and Law HSM230

 Principles or Standards of conduct  Trust, Honesty and Respect  Stable ethics go beyond personal ethics  Ethical reasoning Organizational Ethics

 Rational thinking and performance  Form an organization into a community  Lead to a better helpful environment  Increase public confidence Ethics Inspire to….

Individual approach – individual responsibility Communal approach – group responsibility Anyone could face an ethical dilemma Leaders, customers Employees, regulators Media Approaches

Approaches toward Organizational Ethics Ethics in organizations Individual approach Individual approach Communal Approach Communal Approach

 Corporate social responsibility (CSR).  Relationship between different companies  Organizational ethics Ethics

 Respect and trust among employees  Employees give attention to organization  Values and ethics are not inherited. Business ethics Mutual Understanding

 Businesses are governed by laws.  Commercial law or business law.  Address problems more clearly. Organizational laws Policies and Procedures

 Rules or guidelines  Minimum standards delivered for organizations  Businesses actions measured through organizational law  Imposed by high level positions Laws

 Offer guidelines for management  No business gets special treatment  Rules and regulations towards: finances employees production Benefits from laws

Organizational Laws and Ethics

 Errors in one are provided by the other  In order to achieve ethical behavior laws are required  Legal compliance needs ethics  Laws - what we can do  Ethics - what we should do. Businesses require both Laws and Ethics

 Ethics in Organizations (2008). Retrieved on from:  The Relationship between Law and Ethics, and the Significance of the Federal Sentencing Guidelines for Organizations (2008). Retrieved on from: References