BUS 265 Lecture Notes - Lecture 3: Business Ethics, Making Money, Moral Relativism
Document Summary
Ethics is the study of right and wrong behavior. Examines fairness, rightness and wrongness of a given behavior. They define the minimally acceptable level of conduct that will be accepted by society. One can be lawfully correct, but also be unethical. Unethical behavior can be costly: unethical behavior can lead to dire circumstances for a business. Day to day decision making: blanchard &peale. If everyone was doing something good, good would happen. Why do we still reach bad decisions: everybody else is doing it!! Just b/c one perso(cid:374)"s action wont hurt anyone, you must still consider what would happen if everyone did the same. I was just following orders: dodging personal responsibility. If you thi(cid:374)k this is (cid:271)ad, you should"(cid:448)e see(cid:374) . It"s a gray area: questionable activities that border the fence of legality. Incorporating ethics: corporate culture, reward ethical behavior, expect ethical behavior, providing training.
