GMGT 1010 Lecture Notes - Lecture 42: Cibc World Markets, Livent, Brand Equity

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

Keep existing customers, get new ones, avoid government intervention, lawsuits, be a good corporate citizen, reduce employee turnover, reputation. It is not uncommon to hear of instances where business people are involved in unethical behaviour. Not just for-profit business people that are accused of unethical behaviour. Those who have broken the law need to be punished accordingly. New laws making accounting records more transparent (easy to read and understand) and more laws making business people and others more accountable may help. A society gets in trouble when people consider only what is illegal and not also what is unethical unethical behaviour may sometimes be legal. Ethics reflects peoples proper relations with one another and how people should treat others. Ethics: standards of moral behaviour; that is, behaviour that is accepted by society as right versus wrong. In a country like canada, with so many diverse cultures, you might think it would be impossible to identify common standards of ethical behaviour.