Post 31. Business ethics - key terms

 

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What are the key terms we need to consider when we start to think about business ethics?

Ethics:                    the principles of conduct governing an individual or a group. [1]

Ethical aspects:     the ethical considerations which relate to the organisation’s activities, products or services. [2]

Ethical impact:     any ethical influence whether adverse or beneficial, totally or partly resulting from an organisation’s activities, products or services. [2]  

Ethical target:       detailed performance target[s], applicable to the organisation or parts thereof, that arises from the ethical objectives and which needs to be defined and complied with in order to achieve those objectives. [2]

Corporate Social 

Responsibility:      going beyond legal requirements to be a good corporate citizen [3]

Values:                   individual beliefs that motivate people to act one way or another. [3]

When a business makes claims about food products and services are they acting with integrity? What to customers expect in terms of what they believe a 'good business' would do?

[1] https://www.merriam-webster.com/dictionary/ethic

[2] Manning, L., Baines, R.N., & Chadd, S.A. (2006). Ethical modelling of the food supply chain. British Food Journal. 108(5), 358-370 https://doi.org/10.1108/00070700610661330

[3] https://ethicsunwrapped.utexas.edu/glossary