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Business Ethics
Business Ethics is the application of moral
standards to business situations.
Cigarette companies are being fined for their
advertising practices.
Group Pressure
Businesses are often influenced by group
pressure in their ethical practices:
Investors want management to make
sensible financial decisions that will
increase sales, profits and returns on their
investments.
Customers expect a businesss products
to be safe, reliable and reasonably priced.
Discrimination
Deceiving or intimidating
others
Conflict of Interest
When an employee takes
advantage of a situation
for his or her benefit
(bribe), rather than for the
employers interest
Organizational Relationship
Communication
When communication in
business,
especially
advertising, is false or
misleading
Organizational Relationships
Fairness and Honesty
Conflict of Interest
Communication
Case - Bribe
Social Responsibility - SR
The recognition that
business
activities
have an impact on
society
and
the
consideration of that
impact in business
decisions
. . .Bahraini Companies
Alba allows the villagers near the plant to take fresh water from
their plant site. They also allow them to use the medical facility
when necessary.
GPIC set up a fish nursery in the sea outside their plant to prove
that they are not polluters of water. Fish are donated to charities
and serve an environmental purpose as they attract flamingos back
to the island.
Businesses organize walk-a-thons and other events to raise money
for various charities on the island.
Hotels and other organizations volunteer to clean beaches annually.
Some organizations provide scholarships for students to attend
universities in Bahrain and around the world.
Some organizations are taking responsibility to prevent air, water,
land and noise pollution near and around their plants.
. . .International Companies
McDonalds
Provides low-cost housing for people who have seriously ill
children Ronald McDonald Houses.
Practices recycling and waste control in its 30,000
restaurants around the world no longer uses styrfoam
containers for its sandwiches and drinks .
Starbucks
Uses only materials that may be recycled, including the
coffee grounds.
Buys coffee directly from farmers instead of wholesalers.
Provides loans for small coffee farmers.
?What is Consumerism
Consumerism includes all
activities
undertaken
to
protect
the
rights
of
consumers.
Consumerism
Six Basic Rights of Consumers