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Innocent
Financial aspects of
business start-up: Here
Ethics in
Business
Monsters Inc.
 What   is business ethics: Here
Specification detail
 The  meaning of the term ‘ethics’ in
  business and the complexity of moral
  issues affecting organisations
 Possible trade-off between ethics and
  profit
 The importance of the potential effects of
  pressure group activity
Legal Vs Ethical
 Being   legal means operating within the
  law.
 Being Ethical means doing what is right.




Example: Trading Standards : Here
Definition of Business Ethics
   Businesses which follow moral principles.
   Ethical behaviour covers every aspect of
    business including:
       Who they buy their supplies from
       How they treat its employees
       How they act toward their competition
       Their impact on the environment
       Their impact on the local community
TASK:
 What impact can businesses have on the
 environment and communities? Here

 Using
      the following examples, in pairs
 decide what you could do to make your
 business more ethical.
Cigarette company
Clothes store
Palmolive
Movie maker
Gymnasium
Green grocer
Hairdresser
Travel Agent
Cafe
Book shop
Trade off between
   ethics and profit
 Go  Ethical: An advertising company who refuse to
  work for cigarette companies or clothes stores who
  produce items in a sweat shop.
 Go Profitable: An oil company, Total, had a fire
  which ignited 300 tonnes of petrol in the UK. Some
  residents received compensation (money for their
  loss), but many were left. 1,300 claims were left
  outstanding. £370million.
 Go Both: By becoming more ethical, you will
  attract customers with a ethical conscience.
  Product trial and repeat purchase.
Body Shop

  Body   Shop: Here
The importance and effects of
pressure group activities
 Pressuregroup: An organised group that seeks to
 influence government, legislation or business
 behaviour.
     E.g. Greenpeace, Amnesty International,
      Searchlight

 Nike suffered serious sales decline when its
  expensive trainers were produced by low wage
  far Eastern factories. Pressure groups lead
  consumers to boycott the business.
 Here and Here
Revision clips
 Corporate  social responsibility (CSR) -
  selling water: Here
 Advertising online: Here
Healthy Business : Here

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1. ethics in business

  • 3. Monsters Inc.  What is business ethics: Here
  • 4. Specification detail  The meaning of the term ‘ethics’ in business and the complexity of moral issues affecting organisations  Possible trade-off between ethics and profit  The importance of the potential effects of pressure group activity
  • 5. Legal Vs Ethical  Being legal means operating within the law.  Being Ethical means doing what is right. Example: Trading Standards : Here
  • 6. Definition of Business Ethics  Businesses which follow moral principles.  Ethical behaviour covers every aspect of business including:  Who they buy their supplies from  How they treat its employees  How they act toward their competition  Their impact on the environment  Their impact on the local community
  • 7. TASK:  What impact can businesses have on the environment and communities? Here  Using the following examples, in pairs decide what you could do to make your business more ethical.
  • 16. Cafe
  • 18. Trade off between ethics and profit  Go Ethical: An advertising company who refuse to work for cigarette companies or clothes stores who produce items in a sweat shop.  Go Profitable: An oil company, Total, had a fire which ignited 300 tonnes of petrol in the UK. Some residents received compensation (money for their loss), but many were left. 1,300 claims were left outstanding. £370million.  Go Both: By becoming more ethical, you will attract customers with a ethical conscience. Product trial and repeat purchase.
  • 19. Body Shop  Body Shop: Here
  • 20. The importance and effects of pressure group activities  Pressuregroup: An organised group that seeks to influence government, legislation or business behaviour.  E.g. Greenpeace, Amnesty International, Searchlight  Nike suffered serious sales decline when its expensive trainers were produced by low wage far Eastern factories. Pressure groups lead consumers to boycott the business.  Here and Here
  • 21. Revision clips  Corporate social responsibility (CSR) - selling water: Here  Advertising online: Here