WGU - Fundamentals for Success in
Business - D072
Personal Ethics ✔✔refers to the ethics a person identifies with, which guides how they interact
with others daily.
Organizational ethics ✔✔focuses on rules, principles and standards in respect to the business'
activities
Identify how ethics impact outcomes in organizations ✔✔· Organizations tainted by
questionable ethics suffer by a decline in their consumer base, increase employee turnover, and
mistrust from their investor's.
· Setting an unrealistic goal can lead to the compromise of ethics and standards.
Example of personal ethics ✔✔Speaking the truth, respecting elders, and never purposely hurt
others.
Example of professional ethics. ✔✔Being punctual, refraining from gossip, and having good
time management
,Provide an example of when personal and professional ethics may conflict ✔✔Under the 'Code
of Conduct,' police officers are obligated to enforce and uphold the law even if they don't agree
with it.
What are the 4 main ethical issues and their roles within organizations ✔✔Societal, Stakeholder
Issues, Internal Issues, Personal Issues
Societal Issues ✔✔Relates to society and getting involve in societal issues out of care and
concern.
Stakeholder Issues ✔✔Anyone affected by the company's actions (consumers, employees,
suppliers, and people within the community).
Internal issues ✔✔Relates to relationship between organization and its employees (fairness in
management, pay, and employee participation).
Personal Issues ✔✔Deals with how employees treat each other (gossiping, taking credit for
someone else's work).
, What are some benefits to an organization that practices high ethics? ✔✔benefit from the trust of
their stakeholders and has a competitive advantage in the marketplace.
Define Corporate Social Responsibility (CSR). ✔✔when an organization voluntarily engages in
issues that are affecting the environment, community or society at large.
What is the importance of CSR in the organization and in the community? ✔✔· It's beneficial to
both the organization and its stakeholders. It creates long-term profits and shareholder's trust for
the organization.
· Attract consumers who share the same values.
· Increases organization's brand image (awareness) /creates a better image
· Creates an advantage over competitors.
CSR is important in the community because ✔✔· Organization is gives back to the community
(food bank/ school supplies giveaways, charities/donations, scholarships).
· Ability to influence organization's economic practices.
Company in accordance with their commitment example: ✔✔Company ABC, states that they are
becoming more eco-friendly. They show their commitments by manufacturing in a sustainable
Business - D072
Personal Ethics ✔✔refers to the ethics a person identifies with, which guides how they interact
with others daily.
Organizational ethics ✔✔focuses on rules, principles and standards in respect to the business'
activities
Identify how ethics impact outcomes in organizations ✔✔· Organizations tainted by
questionable ethics suffer by a decline in their consumer base, increase employee turnover, and
mistrust from their investor's.
· Setting an unrealistic goal can lead to the compromise of ethics and standards.
Example of personal ethics ✔✔Speaking the truth, respecting elders, and never purposely hurt
others.
Example of professional ethics. ✔✔Being punctual, refraining from gossip, and having good
time management
,Provide an example of when personal and professional ethics may conflict ✔✔Under the 'Code
of Conduct,' police officers are obligated to enforce and uphold the law even if they don't agree
with it.
What are the 4 main ethical issues and their roles within organizations ✔✔Societal, Stakeholder
Issues, Internal Issues, Personal Issues
Societal Issues ✔✔Relates to society and getting involve in societal issues out of care and
concern.
Stakeholder Issues ✔✔Anyone affected by the company's actions (consumers, employees,
suppliers, and people within the community).
Internal issues ✔✔Relates to relationship between organization and its employees (fairness in
management, pay, and employee participation).
Personal Issues ✔✔Deals with how employees treat each other (gossiping, taking credit for
someone else's work).
, What are some benefits to an organization that practices high ethics? ✔✔benefit from the trust of
their stakeholders and has a competitive advantage in the marketplace.
Define Corporate Social Responsibility (CSR). ✔✔when an organization voluntarily engages in
issues that are affecting the environment, community or society at large.
What is the importance of CSR in the organization and in the community? ✔✔· It's beneficial to
both the organization and its stakeholders. It creates long-term profits and shareholder's trust for
the organization.
· Attract consumers who share the same values.
· Increases organization's brand image (awareness) /creates a better image
· Creates an advantage over competitors.
CSR is important in the community because ✔✔· Organization is gives back to the community
(food bank/ school supplies giveaways, charities/donations, scholarships).
· Ability to influence organization's economic practices.
Company in accordance with their commitment example: ✔✔Company ABC, states that they are
becoming more eco-friendly. They show their commitments by manufacturing in a sustainable
