Ch. 3 Ethics & Social Responsibility student version

Ch. 3 Ethics & Social Responsibility student...

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© 2011 Robert H. Smith School of Business University of Maryland Ethics & Social Responsibility Chapter 3 Professor Whitney Fall 2011
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© 2011 Robert H. Smith School of Business University of Maryland Ethical Behavior in Business How would you define ethical behavior What factors influence ethics? Do ethical expectations change over time?
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© 2011 Robert H. Smith School of Business University of Maryland Ethics Internationally Many Differences because influenced by culture Some U.S. Laws Try to Control Example: Bribes are an accepted business practice in other countries but not in U.S. Foreign Corrupt Practices Act Prohibits U.S. firms from paying public officials of foreign governments.
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© 2011 Robert H. Smith School of Business University of Maryland Why Do Firms Behave Unethically? Two L’Oreal Brands
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© 2011 Robert H. Smith School of Business University of Maryland Factors Influencing Business Ethics Extent of Ethics Problems for the Firm Top Management Social Consensus Potential Magnitude of Consequences & Probability of Harmful Outcome Length of Time between Decision & Consequences
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© 2011 Robert H. Smith School of Business
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This note was uploaded on 02/07/2012 for the course BMGT 350 taught by Professor Boyd during the Fall '08 term at Maryland.

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Ch. 3 Ethics & Social Responsibility student...

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