Business Ethics
Ethics is defined as “the discipline dealing with what is good and bad and with moral duty and obligation.” Practicing proper business ethics can be summarized as “doing the right thing” at work. As an employee, you are part of relationships that require you to act in a manner that benefits yourself, your colleagues, and the company. This business ethics course will cover the ethics of your behavior, both within the company and with external entities.
Request a demoCourse Details
Learning Objectives
- Define business ethics and their importance in the workplace
- Explain the benefits of ethical behavior for a company
- Describe the two ethical relationships an employee has with a company
- Identify your ethical responsibilities as an employee
- Explain how to act ethically when representing your company
Specs
| Course Level | Intermediate |
| Languages | English |
| Compatibility | Audio, Video |
| Based on: | Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et. seq.) UK Bribery Act 2010 (c.23) |
Key Questions
Implementing a business ethics training program can enhance your organization’s reputation, ensure compliance with legal and regulatory requirements, and promote a culture of integrity and ethical behavior. It helps employees understand their ethical responsibilities and improves overall organizational trust and morale.
What should be included in a comprehensive business ethics course?A comprehensive business ethics course should include topics such as core ethical principles, real-life case studies, guidelines for ethical decision-making, and strategies for handling ethical dilemmas. It should also address the organization’s specific ethical standards and provide practical tools for applying these standards in daily work scenarios.
How does ethical behavior affect a company's profitability?While quantifying ethical behavior is a challenge, multiple studies have shown that there is a strong correlation between ethical behavior and superior financial performance.
What are examples of unethical behavior within a company?Examples of unethical behavior within a company include discrimination in hiring, discrimination or harassment of current employees, falsification of records, theft of money or materials, or favoritism.
What is insider trading?Insider trading involves the trading of public stock based on non-public information about the company you work for.
When is bribery allowed?Based on ethical considerations and several federal and international laws, bribery is never an acceptable business practice.
How can competitor information be ethically used?Competitive decisions should only be made based on publicly available information. Confidential information about competitors, no matter how it is obtained, cannot ethically be used.
Sample Video Transcript
Similarly, if a conscious decision is made by management to misrepresent the capabilities and quality of a product or service, customers will ultimately discover the truth and stop buying the product. Employees, suppliers, and customers all want to deal with businesses that they can rely on and trust. Ethical behavior by a company and its employees will foster positive relationships, growth, and result in a good reputation. Unethical actions are usually driven by short-term incentives and rewards. An individual or company may appear to do well for a short period of time immediately after an unethical decision, but the long-term consequences of unethical behavior are generally negative.
Additional Resources
Course Applies To
Demos + Pricing
Learn more about our courses, get pricing, and see our platform.
