In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.
Behavioral ethics is a new field of social scientific research that seeks to understand how people actually behave when confronted with ethical dilemmas. It refers to behavior that is judged according to generally accepted norms of behavior.
Today's business world is challenged with maintaining an ethical climate while remaining competitive and profitable. In this lesson, you will learn about managing ethical behavior in the workplace. Ethical behavior is acting in ways that is consistent with how the business world views moral principles and values.