BLAW 2210 CH 4 notes on Ethics and Business Decision Making

BLAW 2210 CH 4 notes on Ethics and Business Decision Making...

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Going over individual paper and group presentation example Business Ethics study of right and wrong behavior Business Ethics Business Ethics Moral minimum Abercrombie/Chik Fil-A is it illegal? not a protected class: weight is not protected the law is the moral minimum is it ethical? no but it is legal Executive Pay "Gray Areas" in the law make it difficult for companies to navigate forecast deceptive advertising Business Ethics Short-run profit maximization Q for Skilling: did he break the honest-service act and accept any bribes or kickback Business Ethics Importance of Ethical Leadership Business Ethics Creating Ethical Codes of Conducts Ethical priorities and commitment to ethical behavior Ethics Training for Employees The Sarbanes-Oxley Act and web-based reporting systems (EthicsPoint) Approaches to Ethical Reasoning
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Unformatted text preview: not using your own judgment • Kantian Ethics ⁃ what would happen if everyone did something wrong, what would the consequences be • Principle Rights- how does my actions affects the rights of others • Outcome-based ethics- what is the best outcome • Utilitarianism- you know you made a good decision when your action is good for the greatest amount of people • Applying the utilitarian theory • Corporate Social Reponsibilitity ⁃ Stakeholder Approach • Corporate Citizenship • Strategy for Ethical Decision Making Cont. • Define personal mission statement • Define core values • define the problem • Stakeholder analysis • Absolute value analysis • Utilitarian analysis (alternatives actions) • Choose and Prioritize • Make a decision • Devise strategy to implement decision •...
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