Lesson 3.4: Business Ethics
Learning Goals: By the end of this lesson you will be able to
1. Explain the impact of business ethics and ethical dilemmas.
Ethics sets standards of good or bad, or right or wrong, in one’s conduct.
Ethical behavior is “right” or “good” in the context of a society’s accepted moral code.
Values are underlying beliefs and attitudes that determine individual behavior.
Ethical dilemma is a situation that offers potential benefit or gain and is also unethical
Codes of ethics: Formal statement of an organization’s values and ethical principles regarding how to behave in situations susceptible to the creation of ethical dilemmas.A whistleblower exposes the misdeeds of others in organizations.Read page 430 of your book
WE CAN MAKE THE WORLD A BETTER PLACE.
Discuss with the class why are 4 P's important?
Watch this video and discuss the questions with your group.
Video Questions
- What unethical behavior do the employees want to do?
- Which of the 5Ps relate to this video?
- What would you do if you were Danny? (the new employee)
Class discussion
First, read this article: https://www.weeklywisdomblog.com/post/ethics-101-book-summary-and-application
Take notes using these questions:
1. Who is ethics important for? How so?
2. What’s the relationship between character and success?
3. What are six aspects of the Golden Rule?
4. What are the 5P’s that make people do unethical things? What are the solutions?
Second, read this article: https://www.weeklywisdomblog.com/post/four-things-that-need-self-control-in-the-form-of-a-poem
Take notes using these questions:
5. How do these four areas of self-control relate to the 5Ps?
6. Why does a strong desire for something always lead to stress?
7. What virtues should you swap the four vices with?
8. How are you doing in these four areas of self-control?
Read the lesson article- Do this quiz to check you know the vocabulary for this lesson.
Read the lesson article- Do this quiz to check you understanding
Post your notes from the reading here .
Do this short survey to reflect on how the lesson went and ask a question.