Chapter 2 Business Ethics and Social Responsibility 2 nd Ed.
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
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
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
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
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
Parable of the Sandhu • Read Along!
Resolution of Dilemmas • Blanchard and Peale • Is it legal?
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