Ethical problems in business update

Ethical problems in business update - 1/31/11...

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Click to edit Master subtitle style 1/31/11 Ethical problems in business Chesnel Henry Jessica Lukacs  Brendan O'Neal  Anke Stugk
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1/31/11 Reasons for ethical problems Ethical issues arising from the nature of  markets The 18th Century economist Adam Smith  demonstrated how in a free market the self interest  of producers and consumers will produce an outcome  desirable to all concerned - But the market can also lead to inequality of  income, wealth and market power: Monopoly suppliers can exploit consumers Monopsony buyers can exploit supply firms
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1/31/11 Ethical problems – Why?
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1/31/11 Ethical issues and society –  examples Involvement in the community Honesty, truthfulness and fairness in marketing Use of animals in product testing Agricultural practices e.g. intensive faming The degree of safety built into product design Donation to good causes The extent to which a business accepts its alleged  responsibilities for mistakes, mishaps, spillages 
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This note was uploaded on 01/30/2011 for the course GEB 6376 taught by Professor Kest during the Spring '10 term at Hodges University.

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Ethical problems in business update - 1/31/11...

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