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

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 2 BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
INTRODUCTION Ethics is the study of how people should act – it is a branch of philosophy Law and ethics may not always agree – Sometimes it is ethical to commit and illegal act, and Wheelchair-bound bank robber? MLK sit-ins – Some legal acts are unethical McDonald’s menu and advertising?
Background image of page 2
WHY BOTHER WITH ETHICS? There is little evidence that ethical behavior necessarily pays financially, either in the short or long run Society as a whole benefits from ethical behavior People feel better when they behave ethically Unethical behavior can be costly – Asthma Bride
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
WHAT IS ETHICAL BEHAVIOR? Analyzing the Ethics Checklist – What are the facts? – What are the critical issues? – Who are the stakeholders? Dodge v. Ford Motor Company , 204 Mich. 459, 170 N.W. 668. ( Mich. 1919), was a famous case in which the Michigan Supreme Court held that Henry Ford owed a duty to the shareholders of the
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/04/2011 for the course GOVT 1132 taught by Professor Asdad during the Spring '11 term at University of Texas at Dallas, Richardson.

Page1 / 8

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

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online