People are playing a game when they are engaged in a business a●A specific form in role morality. At the heart of ethical failiChapter 38 Action Fever?
●Wanting something that everybody wants- just like in an auction ( we desire things other ppl want)Costanza Fire syndrome?●Selfish human way of willing to hurt and sacrfice others for their own good●Example: trying to escape fire and on your way you push someone away to save yourselfEntertainment voting paradox?●Like uber ●Or american idol- want somebody to win but never vote for them ●We wish for an outcome but not willing to do anything about it ●Also called the curse of the first year consultant Blind capitalist (Agent of Capital)●Companies work primarily to maximize the amount of money they are making●Driving force behind the business is to make money●When a business just want to get money you can almost crash your businessAgents of society●Business is concerned about the society and environmental practices●Have great rankings in yelp●Engage in charitable actsA successful business is a blend between agent of capital and agent of society●You can’t just give everything away you should also want to focus also on making profit●We want business to have some regard about society, environment, etc●We cant have just agents of society but can have agents of capitalBust hump syndrome●That you bust your butt more than the person next to you.●we over emphasize our prob and minimize other’s Pointing in a hole●There is a hole and no one does anything.Seeing a prob and not doing anything abt it ●Eg. seeing someone needing 911 and assuming that someone else is gonna callThe quantum psychology●2 +2 = 4 , but a business will try to say its 5 , it will use the same info you are funded with and try to prove othewise Stereotypical wall street guy●How you look sometimes defines if you get the job●Ex: The manufacturing guy. The gossip amplification effect●Sometimes gossip can have a big impact
●Ex: Boss going with lunch with someone.. AmplifiesChapter 1. Letter of the Law: how it is writtenSpirit of the Law: intention or contextApplication of the Law:how it applies to your specific circumstancesThe necessity of law (pg 8)●Benjamin Rush "where there is no law, there is no liberty"●Laws provide a crucial predicate to economic growth. ●Advantage- functioning legal sys that can with efficiency enforce laws that produce order and facilitates economic exchange.●Types of laws needed to protect the markets of wealth include property, contracts, crime, finance, corporations, regulations, antitrust, labor law, taxation, and torts.Law and business strategy●The strategic managers realized that money spent to ensure that the company is complying with the law is not only the ethical thing to do but also a strategic necessity.●Because law is an untapped source of competitive advantage that will continue to be
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