WGU - Fundamentals for Success in Business - D072 Personal Ethics refers to the ethics a person identifies with, which guides how they interact with others daily.
Organizational ethics focuses on rules, principles and standards in respect to the business' activities
Identify how ethics impact out...
WGU - Fundamentals for Success in
Business - D072
Personal Ethics ✔✔refers to the ethics a person identifies with, which guides how they interact
with others daily.
Organizational ethics ✔✔focuses on rules, principles and standards in respect to the business'
activities
Identify how ethics impact outcomes in organizations ✔✔· Organizations tainted by
questionable ethics suffer by a decline in their consumer base, increase employee turnover, and
mistrust from their investor's.
· Setting an unrealistic goal can lead to the compromise of ethics and standards.
Example of personal ethics ✔✔Speaking the truth, respecting elders, and never purposely hurt
others.
Example of professional ethics. ✔✔Being punctual, refraining from gossip, and having good
time management
,Provide an example of when personal and professional ethics may conflict ✔✔Under the 'Code
of Conduct,' police officers are obligated to enforce and uphold the law even if they don't agree
with it.
What are the 4 main ethical issues and their roles within organizations ✔✔Societal, Stakeholder
Issues, Internal Issues, Personal Issues
Societal Issues ✔✔Relates to society and getting involve in societal issues out of care and
concern.
Stakeholder Issues ✔✔Anyone affected by the company's actions (consumers, employees,
suppliers, and people within the community).
Internal issues ✔✔Relates to relationship between organization and its employees (fairness in
management, pay, and employee participation).
Personal Issues ✔✔Deals with how employees treat each other (gossiping, taking credit for
someone else's work).
, What are some benefits to an organization that practices high ethics? ✔✔benefit from the trust of
their stakeholders and has a competitive advantage in the marketplace.
Define Corporate Social Responsibility (CSR). ✔✔when an organization voluntarily engages in
issues that are affecting the environment, community or society at large.
What is the importance of CSR in the organization and in the community? ✔✔· It's beneficial to
both the organization and its stakeholders. It creates long-term profits and shareholder's trust for
the organization.
· Attract consumers who share the same values.
· Increases organization's brand image (awareness) /creates a better image
· Creates an advantage over competitors.
CSR is important in the community because ✔✔· Organization is gives back to the community
(food bank/ school supplies giveaways, charities/donations, scholarships).
· Ability to influence organization's economic practices.
Company in accordance with their commitment example: ✔✔Company ABC, states that they are
becoming more eco-friendly. They show their commitments by manufacturing in a sustainable
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