ethics review

ethics review - Business Ethics Review Why act ethically?...

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Business Ethics Review Why act ethically? Required by law Right thing to do Not do anything to make money Minimize Risk Pro managers self centered Founder wants company to succeed Difficult to monitor pro managers (only proxy to measure) Easy to lose sight of true owners (shareholders) o Provide incentives to align manager w/ shareholder Ethical Relativism Ethic values based on society, culture, personal feelings o Cant apply outside culture o Personal nature cause difficulty to apply elsewhere o No way to come to consensus Cultural Relativism Ethic principles based within culture Cannot impose on another culture o Removes individual o Cannot extend beyond own culture when eval Psychological Egoism All behavior is in self interest o Not necessarily immediate self gratification Rational beings can consider long term implications o Choose to constrain from self indulging
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ethics review - Business Ethics Review Why act ethically?...

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