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6) Bad ethics can derail all but the best strategic plans. 7) Business ethics can be defined as principles of conduct within organizations that guide decision making and behavior. 8) A rising tide of consciousness about the importance of business ethics is sweeping the United States and the rest of the world. 9) CEOs and business owners delegate the responsibility for ensuring that high ethical principles are espoused and practiced in an organization. 10) Some of the largest payouts for class-action legal fraud suits ever were against Enron ($7.16 billion) and WorldCom ($6.16 billion). 11) Dumping banned or flawed products in foreign markets is considered to be an unethical business practice. 12) Moving jobs overseas is not considered to be an unethical business practice. 13) A code of business ethics is a document that provides behavioral guidelines that cover daily activities and decisions within an organization. 14) Having a code of ethics ensures ethical business behavior. 15) Periodic ethics workshops can help sensitize people to workplace circumstances in which ethics issues may
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32) Ralph Nader believes that big firms like Exxon/Mobil, which has more assets than most countries, have an obligation to help society cure its many ills. 33) The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met. 34) Social policy concerns what responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups. 35) After decades of debate and struggle, firms have finally definitively determined the appropriate social policies. 36) Corporate social policy should be designed and articulated during strategy formulation. 37) Corporate social policy should be reaffirmed or changed during strategy implementation. 38) In 2009, Walt Disney, Starbucks, and Fiat were among the most admired companies for social responsibility according to Fortune magazine. 39) In 2009, Fortune magazine cited Circuit City Stores, Family Dollar Stores, and Dillard's as the three least admired companies from a social responsibility
32) Ralph Nader believes that big firms like Exxon/Mobil, which has more assets than most countries, have an obligation to help society cure its many ills. 33) The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met. 34) Social policy concerns what responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups. 35) After decades of debate and struggle, firms have finally definitively determined the appropriate social policies. 36) Corporate social policy should be designed and articulated during strategy formulation. 37) Corporate social policy should be reaffirmed or changed during strategy implementation. 38) In 2009, Walt Disney, Starbucks, and Fiat were among the most admired companies for social responsibility according to Fortune magazine. 39) In 2009, Fortune magazine cited Circuit City Stores, Family Dollar Stores, and Dillard's as the three least admired companies from a social responsibility