why be ethical

why be ethical - It is not so much what we know that is...

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It is not so much what we know that is important, as what we do and what we are. -- Spencer W. Kimball
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Why Be Ethical? Bus M 390 Marriott School of Management Brigham Young University
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Why Be Ethical? Macro Arguments “Good ethics is good business” Micro Arguments
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Levels of Constraints on Behavior Ethical Behavior Tied to Set of Values Professional Standards Legal Requirements
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As Ethical Behavior Diminishes, Legal Constraints Must Increase Legal Constraints Ethical Behavior
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Legal Constraints As Ethical Behavior Diminishes, Legal Constraints Must Increase Ethical Behavior
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Bad Ethics Increases Transaction Costs Party A Party B Trade Security Lawyers Regulators Delays Interest Duplication Warranties Etc, etc!
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Behavior 1. Loss of physical assets 2. Increased costs of security 3. Loss of customers—especially those who value ethics 4. Loss of employees—especially the more ethical 5. Loss of reputation 6. Increased legal costs 7. Higher costs of debt
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why be ethical - It is not so much what we know that is...

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