Understanding Bussiness Ethics, 2e - Peter Stanwick, Sarah Stanwick-1.pdf - Chapter 1 The Foundation of Ethical Thought Understanding Business Ethics

Understanding Bussiness Ethics, 2e - Peter Stanwick, Sarah Stanwick-1.pdf

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Understanding Business Ethics 2 nd Edition © 2014 SAGE Publications, Inc . Chapter 1 The Foundation of Ethical Thought Understanding Business Ethics Stanwick and Stanwick 2 nd Edition
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Understanding Business Ethics 2 nd Edition © 2014 SAGE Publications, Inc . Ethics in Action The foundation arm of Panera Bread has established the “Panera Cares Café” program. A Panera Cares Café is a café in which the customers decide how much to pay for their meal. The average Panera Cares café will generate revenue of $100,000 monthly and yield a “profit” of $ 3,000 to $4,000 a month. The profits are used to fund job training program for high risk young people. 1
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Understanding Business Ethics 2 nd Edition © 2014 SAGE Publications, Inc . Ethics Defined as the values which an individual uses to interpret whether any particular action or behavior is considered acceptable and appropriate. 2
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Understanding Business Ethics 2 nd Edition © 2014 SAGE Publications, Inc . Ethics Questions to ask to identify values needed to interpret ethical action or behavior 1. Is the behavior or action consistent with the overall basic duties of the individual in question? 2. Does the behavior or action acknowledge and respect the underlying rights of all the individuals who will be impacted by the action? 3. Would the behavior or action be considered the best practice in that specific set of circumstances? 4. Does the behavior or action match the overall entrenched beliefs of the individual? 3
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Understanding Business Ethics 2 nd Edition © 2014 SAGE Publications, Inc . Business Ethics Defined as the collective values of a business organization that can be used to evaluate whether the behavior of the collective members of the organization are considered acceptable and appropriate 4
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