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Law hw#2
Course: BUSINESS 101, Spring 2012School: Universitat de Autónoma...
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Monserrat Cynthia Lpez Resndez 1484811 Gpo: 4EI What is ethics? Behavior beyond the law day to day nature of ethics What is Business ethics? Ways employees resolve ethical dilemmas Moral standards-standards of behavior set by culture More obligations- standards of behavior set by natural law How does a business create an ethical atmosphere? Blanchard and Peale Front page of the newspaper test Wall...
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Monserrat Cynthia Lpez Resndez
1484811
Gpo: 4EI
What is ethics?
Behavior beyond the law day to day nature of ethics
What is Business ethics?
Ways employees resolve ethical dilemmas
Moral standards-standards of behavior set by culture More obligations- standards of behavior set by natural law
How does a business create an ethical atmosphere?
Blanchard and Peale Front page of the newspaper test Wall street journal and stakeholders Laura Nash and perspective Categorical imperative
Moral relativism- moral standards by situation
Tone at the top Sarbanes-oxley and corporate sentencing guidelines Code of ethics Reporting hotlines Ethical posture and developing and ethical stance
Taking things that don't belong to you Saying you know are not true Giving or allowing false impressions Buying influence or engaging in conflict of interest
Ethical issues in international business
Corruption issues Economic systems and ethics
Categories of the Ethical dilemmas in business
Hiding information or divulging information * taking unfair advantage Committing acts of personal decadence Perpetrating interpersonal abuse
"Everybody else it" does "If we don't do it, someone else will"
"That's the way it has always been done"
Permitting organizational abuse
Violating rules Condoning unethical actions Balancing ethical dilemmas
Why do we fail to reach good ethical decisions
"We will wait till the lawyers tell us it's wrong" "It doesn't really hurt anyone" "The system is unfair" " I was just following orders" "You think that's bad, you should've seen..."
Why is business ethics important
Profit
Reputation Leadership Strategy
What is social responsibility and how does a business exercise it?
How does a business create an ethical atmosphere?
Positive law- codified law Inherence- serves shareholdres' interests Enlightened self interest- serves shareholdres' interests by serving larger society Invisible hand- serves larger society by serving shareholders' interests Social responsibilityserves larger society by serving larger society Tone at the top Sarbanes-oxley and corporate sentencing guidelines
Code of ethics
Reporting hotlines Ethical posture and developing and ethical stance
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<?xml version="1.0"?><?xml-stylesheet type='text/xsl' href='MessageLog.xsl'?><Log FirstSessionID="1" LastSessionID="3"><Message Date="2/1/2012" Time="9:04:52PM" DateTime="2012-02-02T05:04:52.454Z" SessionID="1"><From><UserFriendlyName="Vivian"/></From