Unit 2.pdf - Business Ethics Cases and Selected Readings...

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Business Ethics: Cases and Selected Readings, 8 th Ed. Marianne M. Jennings Unit 2 Solving Ethical Dilemmas and Personal Introspection
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1 What is Different about Business Ethics? Businesses are groups of individuals; and those individuals’ ethical standards may not translate into a group setting. Businesses are accountable to their stakeholders who may not always part of the business’s decision processes and ethical analysis. Ethical decisions require businesses to look beyond compliance. Business decisions are made in the midst of economic pressures that must be studied and understand in order to analyze an ethical issue completely.
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2 The Ethics of Responsibility Peter Drucker believes: Businessmen should not cheat, steal, lie, bribe, or take bribes. those who have more education should be held to higher standards. the ethical obligation of business is NOT to bluff. “Primum non nocere”: Above all, not knowingly to do harm , is associated with Peter Drucker as an ethical
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