Chapter2withnotes

Chapter2withnotes - Business Law 275 The Legal Environment...

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Business Law 275 The Legal Environment Today Chapter 2 Ethics and Social Responsibility
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Ethics and Social Responsibility I. Business Ethics II. Setting the Right Ethical Tone III. Business Ethics and the Law IV. Approaches to Ethical Reasoning V. Professional Responsibility VI. Companies That Defy the Rules VII. The Sarbanes-Oxley Act of 2002 VIII. Business Ethics in the Global Context
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I. Business Ethics Ethics – the study of what constitutes right or wrong behavior Fairness Justness Rightness Wrongness
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I. Business Ethics A. What is Business Ethics? 1. Ethical behavior in the world of business 2. More complex in workplace than personal lives B. Why is Business Ethics Important? 1. Long-run viability of a corporation 2. Well-being of individual officers and directors 3. “Stakeholders” 4. All business entities
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Time Warner v. Six Flags
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II. Setting the Right Ethical Tone To deter unethical conduct A. The Importance of Ethical Leadership 1. Attitude of Top Management 2. Looking the other way 3. Creating Realistic Goals Helps 4. Periodic Evaluation
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In re the Exxon Valdez
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II. Setting the Right Ethical Tone A. Creating Ethical Codes of Conduct 1. Costco – An example a. UTC b. UConn 2. Another Necessity – Clear Communication to Employees 3. Johnson & Johnson – Web-Based Ethics Training
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II. Setting the Right Ethical Tone
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Chapter2withnotes - Business Law 275 The Legal Environment...

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