Ethic For business

What is business ethic??
Laura nash define it as the study of how personal moral apply to the activities of business.

6 Enviromental Dimensions

Economic factor - business expansion , product expansion
Stock & bond market volatility波动 & interdependency 互相依赖
Effect of the European Union （currency exchange）
The Rise of China & India。

Technological Environment - internet & telecommunication innovation
Access to information

Political environment - rise of global terrorism , fall of communist

Governmental Environment - constantly updating law
Changeing standards for product

Legal environment - competing right
consumer protection (gun control)
copyright protection

Demographic environment - workforce diversity and accompanying issue :
sexual harassment ,discrimination , downsizing work force.


Stakeholder
Primary - owner , customers , employees , suppliers

Stakeholder management Approach - to developing win-win situation

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Unethical business practices :
1) showing respect to those who act unethical
2) Misrepresentation of hours worked
3) lying
4) withholding info

Why Business Ethic important ??
i) financially and economically
ii) Relationships & reputation
iii) Morale & productivity
iv) Culture & communication
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5 business myths
1) ethic is personal
2) business and ethic don mix
3) business ethic are relative
4) good business = good ethic
5) information are neutral
Kohlberg level of moral development
stage1: punishment > stage2: seeking reward > stage3: good person > stage4: law and order > stage5 : social contract > stage6: universal ethical principles
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Business ethical theories
Utilitarianism- teleological theories , consequences , result-based . Greatest goods for greatest number of people . Problem: no agreement exists about definition of the "good".
Universalism- Deontological theories , follow majority . Problem: lack practical utility , hard to resolve conflicts of interest.
Right - negative & positive right
Jutice - Equal treatment , equal opportunities . Four type justice : Compensatory , retributive , procedural
Virtue - good character , motives . Problem : lack of specific guidelines
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Corporate social responsibility
Nowaday situation : Air pollution , noise , food poisoning
-Corporations have economic responsibility to produce goods and service , provide jobs and good wages to the workforce.