Business ethics
Business Ethics
What do business and ethics have to do with each other?
Business is about making profits.
Ethics is about right and wrong.
How are they connected?
Well, business ethics is the study of right and wrong as applied to business actions.
Some businessmen would say that there is no need for business ethics.
If we don't break the laws of the country, we have nothing to worry about.
However, we can do many bad things without breaking laws.
In some countries, it would be legal for a businessman to pollute the land, sea, and air,
to confine his workers to barracks and to hire children to work in factories.
But these things may not be right.
On the other hand, it may be illegal for a businessman to do some good things.
For example, his society may expect him to treat people unequally
and discriminate against some ethnic or religious groups.
In order to know what is right or wrong, we need a moral rule.
This rule does not come from business itself, but from ethics.
So we need a statement of what we believe to be right.
The American Declaration of Independence in 1776 states an ethical principle.
We hold these truths to be self-evident, that all men are created equal.
The Declaration further tells us that all men have a right to
life, liberty, and the pursuit of happiness.
Principles such as these can be used in American politics and law
to decide whether an action is right or wrong.
Many companies have their own ethical guidelines.
IBM, for example, outlines its corporate ethics under headings such as
tips, gifts, and entertainment,
accurate reporting,
fair competition,
and not boasting.
so each employee knows what to do or not to do in various situations.
Ethical choices are made on three levels. Individuals by companies and by societies
make them. An individual might choose whether or not to accept a bribe. A company might decide
whether or not to bribe government officials. A government or society might decide whether or not
to outlaw bribery. Similar principles of right and wrong might be used at all three levels.
For example, it might be decided that bribery is simply wrong in all situations.
On the other hand, it might be decided to view the situation case by case. In other words,
there is a strong ethical stand and a more tentative ethical stand.
The strong ethical stand applies when you have a basic moral principle and apply it to all
situations. For example, you might believe that it was always wrong to let workers handle hazardous
substances without any protection. The weaker stand would consider whether it is legal to do so.
If it is legal to let workers handle dangerous materials and this conforms to social expectations,
then the weak ethical stand would say, no problem. As long as the law is not broken
and no one strenuously objects, then everything is okay. However, in ethics, there is a principle
called the moral minimum. This principle means that you should never harm another person knowingly.
The only exception would be to protect some other people or yourself. So business ethics would say
that the businessman who exposes his workers to hazardous chemicals is wrong.
He is not practicing the moral minimum.
Course Content
92 Lectures 10:56:11
In which areas do you operate?
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Lecture1.1
Introduction to the User Experience Course
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Lecture1.2
Exercise: Your first design challenge
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Lecture1.3
How to solve the previous exercise
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Lecture1.3
How to solve the previous exercise
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Lecture1.5
How to use text layers effectively
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The Brief
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Lecture1.1
Introduction to the User Experience Course
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Lecture1.2
Exercise: Your first design challenge
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Lecture1.3
How to solve the previous exercise
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Lecture1.3
How to solve the previous exercise
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Lecture1.5
How to use text layers effectively
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Wireframing Low Fidelity
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Lecture1.1
Introduction to the User Experience Course
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Lecture1.2
Exercise: Your first design challenge
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Lecture1.3
How to solve the previous exercise
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Lecture1.3
How to solve the previous exercise
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Lecture1.5
How to use text layers effectively
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Type, Color & Icon Introduction
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Lecture4.1
Introduction to the User Experience Course
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Lecture4.2
Exercise: Your first design challenge
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Lecture4.3
How to solve the previous exercise
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Lecture4.4
How to solve the previous exercise
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Lecture4.5
How to use text layers effectively
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Nicole Brown
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