BUS 200 Chapter Notes - Chapter 3: Viral Marketing, Price Fixing, Global Warming

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 200
• Professor: Jeannette Paschen

Document Summary

Fair-trade movement: tries to ensure that small farmers in developing countries receive fair prices for their crops. Individuals can rationalize almost any behaviour as ethical. Managerial ethics: standards of behaviour that guide individual managers in their work. Behaviour towrd the organization: conflict of interest: occurs when activity benefits the employee at the expense of the employer. Justice: is it consistent with what we regard to be fair: caring: is it (cid:272)o(cid:374)siste(cid:374)t (cid:449)ith people"s respo(cid:374)si(cid:271)ilities to ea(cid:272)h other, ethical dilemmas of technology, cloning, satellite reconnaissance, email snooping, bioengineered foods. Unfair pricing: collusion: getti(cid:374)g together to (cid:862)fi(cid:454)(cid:863) pri(cid:272)es, prison sentence for price fixing has been tripled to 14 years, maximum fine increased from 10 million to 25 million. Improper financial management: executives making bad financial decisions, pa(cid:455)i(cid:374)g e(cid:454)e(cid:272)uti(cid:448)e"s outla(cid:374)dish salaries or (cid:271)o(cid:374)uses, e(cid:374)di(cid:374)g the(cid:373) o(cid:374) e(cid:454)tra(cid:448)aga(cid:374)t (cid:862)retreats(cid:863) to e(cid:454)oti(cid:272) resorts. Misrepresentation of finances: manager is guilty of misrepresenting the (cid:272)o(cid:373)pa(cid:374)(cid:455)"s fi(cid:374)a(cid:374)(cid:272)ial (cid:272)o(cid:374)ditio(cid:374, example: enron.