ADMS 3660 Lecture 1: ADMS 3660 — Lecture 1.3 Why Business Managers are Concerned with Ethical Issues

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Lecture 1. 3 notes why business managers are concerned with ethical issues. Unethical behaviour not only creates legal risks for a business, it also creates financial marketing risks in addition to many other reasons. In order to be able to manage those risks, it requires managers and executives to remain vigilant about their company"s ethics. Another thing that can actually pay significant and an enormous amount of dividends in an organization structure as well as efficiency is ethical management. What goes on internally in a company does not affect only those who are physically there, it can have an impact and affect shareholders, purchasers, stakeholders, buyers, the neighbourhood, as well as the city. For these reasons, students (as well as everyone) should know how ethics deals with repercussions that can affect a society at large and generations to come. Learning about ethical issues that business managers are concerned about will leave students prepared for a potential career in business.

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