bus.ethics pres2

bus.ethics pres2 - productivity and lead to high turnover...

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Business Ethics E T H I C S Organi zations Behavi ng Badly: When Are Discre ditable Action s Likely
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Level of Morality Actions that is wrong to do Actions where any option in a situation will not violate the moral standard associated with the particular moral theory. Actions that are admirable to do but morally permissible not to do, or the reverse. Morally Permissible Morally Forbidden Morally Obligatory Morally Supererogatory Actions that is right to do & wrong not to do.
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Good Ethics = Good Business If Employees treated well = productivity will rise If Suppliers treated well= will respond with favorable prices and long-term contracts If customers are treated well= gain loyalty If investors/creditors are treated well= more stock bought or giving increased access funding with low interest rates
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Bad Ethics = Bad Business If employees treated badly= low
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Unformatted text preview: productivity and lead to high turnover If suppliers treated badly= they charge higher prices or even terminate supply If customers treated badly= stop buying or pursue law suits against the company If investors/creditors treated badly= refuse stock or sell with high interest rates If government treated badly= impose Examples of Bad Ethics Enron: Arthur Anderson auditors had signed off on flawed audits that were shredded to cover themselves. http://www.youtube.com/watch?v=Uxd9A Toyota: Motor corporation chief Akio Toyoda, apoliges for company lack of attention to the accellarator pedal position center which resulted in deaths of loyal customers and many recalls. http://www.youtube.com/watch?v=eFlI6ku Organizations Behaving Badly jklnnmlonon Bad ethics is a No! and Good Ethics is a Go!...
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bus.ethics pres2 - productivity and lead to high turnover...

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