BUMT3100_Unit2Summary - Unit 2 Summary Section A Business and Ethics How do they work together Reading 2.1 What\u2019s different about business ethics

BUMT3100_Unit2Summary - Unit 2 Summary Section A...

This preview shows page 1 - 2 out of 2 pages.

Unit 2 SummarySection A: Business and Ethics: How do they work together? Reading 2.1: What’s different about business ethics?Business are groups of individuals, and those individuals’ ethical standards may not translate into a group setting. Business are accountable to shareholders, creditors, and others who maybe affected but are not always part of the business’s decision processes and ethical analysis.Ethical decisions requires businesses to look beyond compliance.Businesses have other factors at play in ethical dilemmas, beyond the personal introspection. Organizational behavior factors: performance, incentive plans, etc.Business decisions are made in the midst of economic pressure that must be studied and understood in order to analyze an ethical issue. Reading 2.2: The ethics of responsibilityPersonal ethics and business ethics are not mutually exclusive and hence inseparable.Reading 2.3: Is business bluffing ethical?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture