Business Ethics

SKU: C-1050Duration: 36 Minutes

Pay-per-view (PPV) format perfect for individual users.

Get immediate access to this interactive eLearning course online. Must be used within 30 days, expires 48 hours after launch.

Language:  English

Great for in-person classroom training or as an alternative to DVD.

Includes printable documents and Convergence Video Player for Windows systems. Content expires after 1 year.

Language:  English

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Course Details

Specs

Training Time: 36 minutes

Compatibility: Desktop, Tablet, Phone

Based on:

  • Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et. seq.)
  • UK Bribery Act 2010 (c.23)

Languages: English

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 more simply stated as "doing the right thing" at work. Once you become an employee of the company, you become a part of many relationships that require that you behave in a manner that benefits you, those around you, and the company. This module will cover the ethics of your behavior involving relationships within the company and your behavior involving entities outside the company.

Learning Objectives

At the end of this module, you will be able to:

  • Define ethics
  • Explain a major benefit of a company behaving ethically
  • Describe the two ethical relationships that an employee has with a company
  • Describe some of your ethical responsibilities as an employee within a company
  • Describe some of your responsibilities to act ethically when representing a company

Key Questions

The following key questions are answered in this module:

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 trader involves the trading of public stock based on information about the company you work for that is not publically available.

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 information that is publically available. Confidential information about competitors, no matter how is it obtained, cannot ethically be used.

Sample Video Transcript

Below is a transcript of the video sample provided for this module:

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

Use the additional resources and links below to learn more about this topic:

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