Business Ethics

The concept of business ethics is introduced and explored in this video. VIDEO CHAPTERS 0:00 Introduction 0:12 What are "ethics"? 0:25 What is "behaving ethically"? 0:41 We all have a moral compass 1:12 Is ethics the same as being lawful? 1:52 So a business may act lawfully but (depending on your moral compass) unethically 3:16 Business ethics vary enormously 3:38 Two key influences on business ethics 4:17 Approaches to business ethics 6:04 Business ethics and CSR 7:17 Ethical codes of practice 7:51 Common areas where ethics are tested 8:35 Is cold-calling ethical? 9:34 Ethics and the supply chain 10:49 Influence of pressure groups 11:19 Pressure groups exerting increasing influence 11:52 Consumer action 12:08 Many examples of consumer boycotts 12:56 Benefits and drawbacks of behaving ethically 14:02 Take a look at the world's most ethical companies 14:47 Potential significant costs from being found to have acted unethically 15:48 Multinationals have to be particularly sensitive to the potential damage