Discussion:
If you owned a small business with at least 10 employees, would you develop a code of business conduct? If yes, what elements would you include? If no, how would you ensure that your employees were following ethical business standards? 200 words
Question 1
Discuss bribery. Would actions, such as politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians, constitute bribery? Identify three business activities that would constitute bribery and three actions that would not.
Question 2
Why should firms formulate and implement strategies from an environmental perspective?
Question 3
Why is it important not to view the concept of "whistleblowing" as "tattling" or "ratting" on another employee?
Question 4
How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored?
Question 5
What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same?