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02.25.2008 LPP 255 Class # 12

02.25.2008 LPP 255 Class # 12 - Ethics – Chapter 4 Ethics...

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Unformatted text preview: Ethics – Chapter 4 Ethics Business Ethics Business Ethics is the study of right and wrong behavior; whether an action is fair, right or just. In business, ethical decisions are the application of moral and ethical principles to the marketplace and workplace. Why is Business Ethics Important? Ethics Directors and Officers owe a complex set of ethical duties to the company, shareholders, customers, community, employees, and suppliers. When these duties conflict, ethical dilemmas are created. Case 4.1: Time Warner Entertainment Co. v. Six Flags Over Georgia, LLC. (2002). Corporate Compliance Programs Corporate A number of contexts, within the employer­ employee relationship, are fraught with ethical considerations, such as: Having a system in place to detect, prevent, eliminate, and punish behavior of a harassing nature toward employees. Avoiding wrongful discharge, either actual or constructive. Adhering to ethical principles during corporate restructuring and downsizing. Suggested Ethical Framework for Business Decision Making Business Is it legal? Is it profitable? If the case is not profitable, the company should not forward. Still complicated Is it ethical? Approaches to Ethical Reasoning Ethical Duty Based Ethics ­ derived from religious and philosophical principles. Religious Ethical Standards. Kantian Ethics. Rights Principles. Outcome­Based Ethics ­ seek to ensure a given outcome. Utilitarianism The right thing to do is where the benefits outweigh the costs. To figure out if it is ethical, pose the question of if everyone did what I want to do, would it be good for society ­­ Kant Commerce Clause Commerce Wednesday Constitutional Law: Commerce Clause Article 1, Section 8 Broad interpretation of the laws Gun­Free School Zones Act, 1995 Gives Federal government power Says that Congress shall have power to regulate commerce among the states Criminal law is state jurisdiction Congress went to far with jurisdiction in making laws Congres has a lot of leeway in making laws Under the 10th Amendment of the Constitution, any power that is not under federal jurisdiction, is given to the states. These are called police clauses. ...
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