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Business Ethics In The Twenty-First Century

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Business Ethics In The Twenty-First Century. The Association of Certified Fraud Examiners Conference April 26, 2012 Pittsburgh, PA by Perry Minnis. Major Focus Areas 1. The changing nature of the workforce The technology revolution Ethical issues across cultures

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  1. Business Ethics In The Twenty-First Century The Association of Certified Fraud Examiners Conference April 26, 2012 Pittsburgh, PA by Perry Minnis
  2. Major Focus Areas 1. The changing nature of the workforce The technology revolution Ethical issues across cultures Stakeholder Management and Ethical Navigation
  3. Changing Nature of the Workforce Paradigm shift between the so-called old and new economies. Areas of interest, concern, and change include: The aging workforce Women in the workforce Ethnic and cultural diversity in the workforce Workers with disabilities The education gap in the workforce
  4. Issue: Predisposed Lack of Ethics in Workplace 75 to 98 Percent of College Students Have Cheated The college students who are most likely to cheat are engineering and business majors Ethical Leadership?? Teachers and administrators have also been caught plumping grades and most recently, cheating on standardized tests required by the No Child Left Behind Law.
  5. The Technology Revolution And Ethics New technologies present ethical problems and issues as well as opportunities. Some issues include: Privacy Individual rights Confidentiality – Proprietary Information Censorship versus free speech
  6. The Technology Revolution And Ethics Chernobyl Before After
  7. Ethical Issues Across Cultures Western business people often concentrate on the basic business functions. The difficulty lies in more fundamental issues - One such core issue is culture. Culture is one of the factors that affect business ethics.
  8. Stakeholder Management and Ethical Navigation Key stakeholder management principles to navigate ethics while responding to profit imperatives include: The uses and limits of responsible corporate power. Responsibility in flexible business relationships. Negotiate and be familiar with cultural norms. Know when not to negotiate. Listen to and communicate the best interest of all parties. Generate a variety of possibilities Insist that the result be based upon some objective standard
  9. Issues to be Faced in the New Century Impact of Globalization The Knowledge-Worker New, Emerging Ethical Issues Enterprise Mobility Sustainable Socioeconomic Environment Stressful Environment New Individual & Leadership Challenges
  10. SUMMARY New and faster technology Focus on common values Shifting customer requirements Shareholder activism – business practice demands (CSR Focus) Increased emphasis on enhanced “leadership” skills