M33_Chapter 2_Business and Social Responsibility - 2nd Ed Chapter 2 Business Ethics and Social Responsibility What is Ethics Examples Anthony Weiner

M33_Chapter 2_Business and Social Responsibility - 2nd Ed...

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Chapter 2 Business Ethics and Social Responsibility 2 nd Ed.
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What is Ethics? Examples: Anthony Weiner Reggie Bush Standard & Poor’s analyst with ratings Lance Armstrong Scandal Patriot’s Scandal (Deflate Gate) Definition: normative standards, generally accepted rules of conduct that govern society What is “fair”? 2-2
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What is Ethics? Applying Standards of Moral Reasoning to Business Dilemmas Moral standard is established Individual moral standards differ Debate over sources of moral standards Evaluate moral standards and conflicts as new data appear 2-3
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What is Ethics? Sources of Moral Standards Actual or positive law Natural law Moral relativism or situational ethics Religious beliefs or divine revelation Conflicts Among Business Shareholders want profits Employees want safe, secure jobs 2-4
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Categories of Ethical Dilemmas Taking things that don’t belong to you Saying things you know are not true Giving or allowing false impressions Buying influence or engaging in conflict of interest Hiding or divulging information Taking unfair advantage 2-5
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Ethical Dilemmas Categories of Ethical Dilemmas Committing acts of personal decadence Perpetrating interpersonal abuse Permitting organizational abuse Violating rules Condoning unethical actions Balancing Ethical Dilemmas 2-6
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Ethics Resolutions
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Parable of the Sandhu Read Along!
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Resolution of Dilemmas Blanchard and Peale Is it legal?
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