Conflicts of Interest in Business: Ethics and Crisis Management

Today, business ethics are more important than ever because no one is immune to diverse ethical challenges. This course aims to illustrate the best ways to handle moral crises. Discover the differences between confidential information, trade secrets and intellectual property (IP). Copyrights, patents and trademarks are all examples of intellectual property owned by a company. How do we protect confidential information? We discuss some pointers to keeping sensitive information and intellectual property safe. You’ll become aware of what classified data you have under your control in order to exercise extreme caution when using it for your job. Conflicts of interest exist in various shapes and sizes. Financial interests, family interests, other occupations and personal interests can take precedence over company interests, which you will learn to recognize and avoid.

All employees face a conflict of interest and ethical dilemma at some point and this course prepares you to deal with it effectively. How is a conflict of interest related to your character, attitude or work ethic? You must be honest with yourself and assess what influences are compromising your professional ethics. Next, we explore different types of conflict of interest and provide an eight-point checklist to help you if you are ever in doubt. We research business ethics, what it is and why it is important. We will examine the role your feelings, logic, guilt and conscience play in making ethical decisions at work and in life. Ethics is a moral absolutes-based concept of what is good or what is not. An ethical system will fail if people do not follow ethical standards based on moral absolutes.

The course will explain the role of moral relativism and absolutes in our workplace culture and the significance of adhering to them. Rediscover the notion of clinging to solid principles without becoming consumed by them. Without debating the consequences of unethical decisions, a discussion of business ethics would be incomplete. You'll learn the value of genuine apologies and how to make one. A cover-up is an attempt to hide something illegal, immoral or undesirable. You will explore the classic cover-up phases and how to recognize and avoid them. Finally, the course discusses ethical perception and what it means to have excellent character. Enrol in this course immediately and learn how to make moral decisions easily in the workplace.