CHAPTER 2 - CHAPTER 2 BUSINESS ETHICS AND SOCIAL...

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CHAPTER 2 BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
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INTRODUCTION Ethics is the study of how people should act Law and ethics may not always agree Sometimes it is ethical to commit an illegal act, and Wheelchair bound bank robber MLK sit-ins Some legal acts are unethical McDonald’s menu and advertising?
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WHY BOTHER WITH ETHICS? Society as a whole benefits from ethical behavior Money Does not Buy Happiness “Surveys have found virtually the same level of happiness between the very rich individuals on the Forbes 400 and the Maasai herdsman of East Africa. Lottery winners return to their previous level of happiness after five years. Increases in income just don't seem to make people happier -- and most negative life experiences likewise have only a small impact on long-term satisfaction.” http://moneycentral.msn.com/content/invest/forbes/P95294.asp People feel better when they behave ethically Unethical behavior can be costly Asthma Bride
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WHAT IS ETHICAL BEHAVIOR? Analyzing the Ethics Checklist
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This note was uploaded on 02/09/2011 for the course BA 2301 taught by Professor Mattpolze during the Spring '08 term at University of Texas at Dallas, Richardson.

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CHAPTER 2 - CHAPTER 2 BUSINESS ETHICS AND SOCIAL...

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