By O. C. Ferrell, John Fraedrich, Ferrell
Supplying a colourful new four-color layout, market-leading enterprise ETHICS: moral choice MAKING AND situations, 8th variation, completely covers the complicated setting within which managers confront moral determination making. utilizing a confirmed managerial framework, this available, utilized textual content addresses the general innovations, methods, and top practices linked to winning enterprise ethics programs--helping readers see how ethics could be built-in into key strategic company judgements. completely revised, the hot 8th version accommodates finished and rigorous updates that replicate the new fiscal quandary and the ever-increasing educational and governmental cognizance being given to this zone. it is usually 9 all-new case reports, whereas different instances were thoroughly up to date.
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Extra resources for Business Ethics: Ethical Decision Making & Cases
Implementing and Auditing Ethics Programs 10. Business Ethics in a Global Economy SUMMARY This chapter provides an overview of the field of business ethics and introduces the framework for the discussion of business ethics. Business ethics comprises principles and standards that guide behavior in the world of business. Investors, employees, customers, interest groups, the legal system, and the community often determine whether a specific action is right or wrong, ethical or unethical. Studying business ethics is important for many reasons.
19 After Kennedy came President Lyndon B. S. government’s responsibility was to provide the citizen with some degree of economic stability, equality, and social justice. Activities that could destabilize the economy or discriminate against any class of citizens began to be viewed as unethical and unlawful. The 1970s: Business Ethics as an Emerging Field Business ethics began to develop as a field of study in the 1970s. Theologians and philosophers had laid the groundwork by suggesting that certain principles could be applied to business activities.
22 Clinton also appointed Arthur Levitt as chairman of the Securities and Exchange Commission in 1993. 23 The Federal Sentencing Guidelines for Organizations (FSGO), approved by Congress in November 1991, set the tone for organizational ethical compliance programs in the 1990s. 26 On the other hand, under FSGO, if a company lacks an effective ethical compliance program and its employees violate the law, it can incur severe penalties. The guidelines focus on firms taking action to prevent and detect business misconduct in cooperation with government regulation.
Business Ethics: Ethical Decision Making & Cases by O. C. Ferrell, John Fraedrich, Ferrell