Lecture 15 notes Nov 8

Lecture 15 notes Nov 8 - Business Ethics: Textbook Chapter...

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Business Ethics: Textbook Chapter 3; Lab Manual p151-174 o Expectations of Business by Society as a Whole o Expectations of Business by Various Stakeholder Groups Stakeholders (review of material from first lecture) Definition The Business/Stakeholder Relationship Mutual Dependency Stakeholders Provide the Capacity to Operate Stakeholders Have Legitimate Expectations Ethics: Formal Definition Personal Ethics, Business Ethics, Moral Dilemmas Resolving Ethical Dilemmas: Different Criteria Ethics as Law Ethics as Religion Ethics as Common Behaviour Utilitarianism Theory of Rights Theory of Justice How Can Corporations Promote “Ethical Behaviour” Society’s Expectations of Business Largely uncontrollable and difficult to quantify (part of the Social Environment) Expectations vary from one stakeholder group to another Often the expectations of one group are in direct conflict with of another But these expectations do exist It is perilous for business to ignore these expectations
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What are these Expectations? o
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Lecture 15 notes Nov 8 - Business Ethics: Textbook Chapter...

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